# Soybeans rise on U.S. weather view; wheat, corn firm - Agweek | #1 source for agriculture news, farming, markets

> Chicago soybean futures rose on concerns that a La Nina pattern could bring hot, dry conditions to the U.S. Midwest this summer. Wheat and corn also firmed, and the USDA announced a private sale of 180,000 tonnes of soybeans to China.

- Date: 2016-06-06 · published 2016-06-06T12:00:00.000Z
- Category: weather · region US · magnitude medium
- Page: https://feedsoft.ai/events/9123-soybeans-rise-on-u-s-weather-view-wheat-corn-firm-agweek-1-source-for
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Expected Midwest heat and dryness raise the risk to new-crop yields, supporting feed grain and oilseed prices. The Chinese purchase adds export demand support.

## Read by commodity

- SOY: bullish ▲
- CORN: bullish ▲
- WHEAT: bullish ▲

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| WHEAT | 2016-06-06 | 1 | +3.5% | 3.7 | Published on the move date: La Nina hot/dry Midwest weather concerns lifted soybeans and spilled over to firmer wheat and corn, a sentiment/supply-risk driver for the 6 June jump. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 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) | +10.5% | +9.7% |
| WHEAT | 2023-05-26 | [From too wet, to too dry, weather takes control of market direction - Agweek \| #1 source for agriculture news, farming, markets](https://feedsoft.ai/events/13280-from-too-wet-to-too-dry-weather-takes-control-of-market-direction-agweek-1.md) | -1.3% | -1.2% |
| WHEAT | 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) | +0.5% | -1.6% |
| WHEAT | 2024-08-23 | [Low falling numbers could have a big impact on wheat market - Agweek \| #1 source for agriculture news, farming, markets](https://feedsoft.ai/events/28814-low-falling-numbers-could-have-a-big-impact-on-wheat-market-agweek-1-source-for.md) | -0.2% | +2.8% |
| WHEAT | 2018-02-05 | [Markets dealing with multitude of drivers - Agweek \| #1 source for agriculture news, farming, markets](https://feedsoft.ai/events/66601-markets-dealing-with-multitude-of-drivers-agweek-1-source-for-agriculture-news.md) | +2.5% | +3.3% |
| 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% |
| CORN | 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) | +3.9% | -0.6% |
| CORN | 2023-05-26 | [From too wet, to too dry, weather takes control of market direction - Agweek \| #1 source for agriculture news, farming, markets](https://feedsoft.ai/events/13280-from-too-wet-to-too-dry-weather-takes-control-of-market-direction-agweek-1.md) | -4.9% | +0.1% |

## Sources

- agweek.com: https://www.agweek.com/business/soybeans-rise-on-u-s-weather-view-wheat-corn-firm
- agweek.com: https://www.agweek.com/news/u-s-corn-soy-wheat-rise-on-weather-threats

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