# Grain market rally looking good, but reasons still unclear - Farm and Dairy

> Chicago grain prices have rallied strongly, with corn moving into the $4 range and soybeans above $11 a bushel. U.S. data showed Ohio and national corn planting caught up to average pace by early June.

- Date: 2016-06-07 · published 2016-06-07T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/9125-grain-market-rally-looking-good-but-reasons-still-unclear-farm-and-dairy
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Completed planting removes a supply risk, but the rally is driven partly by uncertain factors, so buyers face volatile feed grain costs.

## Read by commodity

- SOY: bullish ▲
- CORN: bullish ▲

## Sources

- farmanddairy.com: https://www.farmanddairy.com/columns/grain-market-rally-looking-good-but-reasons-still-unclear/340507.html

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