# The heat is on at a key time in soybean development, and that's pushing the markets up - Agweek | #1 source for agriculture news, farming, markets

> Hot, dry forecasts for August in key soybean areas coincided with pollination, trimming yield potential and pushing markets higher. Soybeans rose more than $2 for the week, with support spilling into corn. Spring wheat tour yield estimates were also strong.

- Date: 2022-07-29 · published 2022-07-29T12:00:00.000Z
- Category: weather · region US · magnitude medium
- Page: https://feedsoft.ai/events/8743-the-heat-is-on-at-a-key-time-in-soybean-development-and-that-s-pushing-the
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Trimmed soybean yield potential and tight global supplies lift soybean and corn prices, raising feed input costs.

## Read by commodity

- SOY: bullish ▲
- CORN: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2016-06-06 | [Soybeans rise on U.S. weather view; wheat, corn firm - Agweek \| #1 source for agriculture news, farming, markets](https://feedsoft.ai/events/9123-soybeans-rise-on-u-s-weather-view-wheat-corn-firm-agweek-1-source-for.md) | +4.1% | +3.2% |
| SOY | 2022-01-21 | [The market rally after the reports - Agweek \| #1 source for agriculture news, farming, markets](https://feedsoft.ai/events/10893-the-market-rally-after-the-reports-agweek-1-source-for-agriculture-news-farming.md) | +1.6% | +11.7% |
| SOY | 2019-05-19 | [Markets finally respond to wet weather - Agweek \| #1 source for agriculture news, farming, markets](https://feedsoft.ai/events/5629-markets-finally-respond-to-wet-weather-agweek-1-source-for-agriculture-news.md) | +1.0% | +11.1% |
| SOY | 2026-07-25 | [Heat wave hits crops during crucial growing period - Agweek \| #1 source for agriculture news, farming, markets](https://feedsoft.ai/events/12982-heat-wave-hits-crops-during-crucial-growing-period-agweek-1-source-for.md) | -6.1% | -1.8% |
| SOY | 2016-07-14 | [Chicago corn hits 2-week high on U.S. crop concerns - Agweek \| #1 source for agriculture news, farming, markets](https://feedsoft.ai/events/4939-chicago-corn-hits-2-week-high-on-u-s-crop-concerns-agweek-1-source-for.md) | -9.0% | -9.8% |
| CORN | 2016-06-06 | [Soybeans rise on U.S. weather view; wheat, corn firm - Agweek \| #1 source for agriculture news, farming, markets](https://feedsoft.ai/events/9123-soybeans-rise-on-u-s-weather-view-wheat-corn-firm-agweek-1-source-for.md) | +2.7% | -7.0% |
| CORN | 2022-01-21 | [The market rally after the reports - Agweek \| #1 source for agriculture news, farming, markets](https://feedsoft.ai/events/10893-the-market-rally-after-the-reports-agweek-1-source-for-agriculture-news-farming.md) | +1.4% | +6.9% |
| CORN | 2019-05-19 | [Markets finally respond to wet weather - Agweek \| #1 source for agriculture news, farming, markets](https://feedsoft.ai/events/5629-markets-finally-respond-to-wet-weather-agweek-1-source-for-agriculture-news.md) | +3.2% | +10.8% |

## Sources

- agweek.com: https://www.agweek.com/business/markets/the-heat-is-on-at-a-key-time-in-soybean-development-and-thats-pushing-the-markets-up

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.