# Corn Hands the Baton to Wheat

> DTN's May 16, 2018 morning report says wheat gained about 3 cents overnight while July corn was fractionally higher and soybeans fell 5 cents. Most other commodities were lower under a stronger US dollar, the 10-year Treasury yield climbed above 3%, and crude oil slipped to $71.29.

- Date: 2018-05-16 · published 2018-05-16T12:00:00.000Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/10238-corn-hands-the-baton-to-wheat
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md), [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

A firmer dollar and higher Treasury yields pressure commodity prices broadly, which can ease feed input costs. Wheat's modest overnight gain provides limited support for wheat-based feed.

## Read by commodity

- DXY: bullish ▲
- SOY: bearish ▼
- WTI: bearish ▼
- CORN: neutral
- WHEAT: bullish ▲
- KWHEAT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2022-06-29 | [WHEAT SCOOPS: $11 wheat, why and how long? – The Seam](https://feedsoft.ai/events/40982-wheat-scoops-11-wheat-why-and-how-long-the-seam.md) | -8.7% | -16.2% |
| WHEAT | 2020-03-18 | [U.S. corn skids 2.2% to lowest level since September 2016; wheat, soy rise \| Financial Post](https://feedsoft.ai/events/8374-u-s-corn-skids-2-2-to-lowest-level-since-september-2016-wheat-soy-rise.md) | -5.7% | -1.5% |
| WHEAT | 2026-01-29 | [What the sinking U.S. dollar means to Canada and world](https://feedsoft.ai/events/21288-what-the-sinking-u-s-dollar-means-to-canada-and-world.md) | -0.5% | +3.1% |
| WHEAT | 2016-06-03 | [Wheat prices surge over one percent before the weekend](https://feedsoft.ai/events/9127-wheat-prices-surge-over-one-percent-before-the-weekend.md) | +4.2% | -3.7% |
| WHEAT | 2023-12-26 | [Stong start for wheat following the long holiday weekend - Brownfield Ag News](https://feedsoft.ai/events/11287-stong-start-for-wheat-following-the-long-holiday-weekend-brownfield-ag-news.md) | +3.2% | +0.5% |
| KWHEAT | 2022-06-29 | [WHEAT SCOOPS: $11 wheat, why and how long? – The Seam](https://feedsoft.ai/events/40982-wheat-scoops-11-wheat-why-and-how-long-the-seam.md) | -13.7% | -12.4% |
| KWHEAT | 2023-05-03 | [Turner's Take Ag Markets \| HRW Wheat Leads CBOT Higher](https://feedsoft.ai/events/7383-turner-s-take-ag-markets-hrw-wheat-leads-cbot-higher.md) | +17.5% | +2.5% |
| KWHEAT | 2018-03-26 | [Goodbye, Kansas Wheat?](https://feedsoft.ai/events/66044-goodbye-kansas-wheat.md) | -2.5% | +0.8% |

## Sources

- dtnpf.com: https://www.dtnpf.com/agriculture/web/ag/news/article/2018/05/16/corn-hands-baton-wheat

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