# Weather Markets in Full Play as Grain Prices Plummet - Northern Ag Network

> Grain prices plummeted, with corn down nearly 6 percent as funds exited positions after U.S. crop prospects improved. USDA data showed the corn crop rated unchanged at 75 percent good or excellent. Forecasts pointed to wetter, cooler weather in July, reducing the likelihood of hot, dry conditions.

- Date: 2016-06-23 · published 2016-06-23T12:00:00.000Z
- Category: weather · region US · magnitude medium
- Page: https://feedsoft.ai/events/9746-weather-markets-in-full-play-as-grain-prices-plummet-northern-ag-network
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Better crop ratings and a lower risk of heat during pollination reduce expected U.S. corn supply risk. Fund liquidation adds downward price pressure on top of the improved fundamentals.

## Read by commodity

- CORN: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2026-06-03 | [Grain Market Pain Continues on Weather: Cattle Fall as NWS Nears - AgWeb](https://feedsoft.ai/events/10649-grain-market-pain-continues-on-weather-cattle-fall-as-nws-nears-agweb.md) | -4.1% | -6.7% |
| CORN | 2018-06-06 | [Grain report: weather market is now increasingly sensitive  -  Premium](https://feedsoft.ai/events/64588-grain-report-weather-market-is-now-increasingly-sensitive-premium.md) | -1.8% | -7.2% |
| CORN | 2019-06-05 | [U.S. grains: Futures plummet on Midwest weather, profit-taking - Grainews](https://feedsoft.ai/events/8688-u-s-grains-futures-plummet-on-midwest-weather-profit-taking-grainews.md) | +0.9% | -0.2% |
| CORN | 2017-06-12 | [GRAIN MARKETS: Crops tumble as rain moves in](https://feedsoft.ai/events/70423-grain-markets-crops-tumble-as-rain-moves-in.md) | -0.6% | +2.1% |
| CORN | 2018-11-04 | [Wheat markets mixed during week - Agriculture News Network](https://feedsoft.ai/events/11215-wheat-markets-mixed-during-week-agriculture-news-network.md) | +1.8% | +1.4% |

## Sources

- northernag.net: https://www.northernag.net/weather-markets-in-full-play-as-grain-prices-plummet/

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