# Daily US grain report: grain futures markets on fire, but for how long?
						 | The Pig Site

> US grain futures rallied sharply overnight, with July corn hitting a near 12-month high and wheat a three-month high. Soybeans reached a five-week high after gaining over 50 cents in two days. Weekly USDA data showed corn planting at 58% and soybeans at 29%, both behind expectations and well below five-year averages.

- Date: 2019-05-29 · published 2019-05-29T12:00:00.000Z
- Category: weather · region US · magnitude high
- Page: https://feedsoft.ai/events/10896-daily-us-grain-report-grain-futures-markets-on-fire-but-for-how-long-the-pig
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md)

## Why it matters

Wet Midwest weather delaying planting raises the risk of reduced acreage and yields, which supports corn, soybean and wheat prices. Analysts warn such weather-driven rallies can peak quickly.

## Read by commodity

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

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| KWHEAT | 2019-05-29 | 1 | +5.7% | 3.5 | Dated the same day as the move, it reports a sharp grain rally with wheat at a three-month high on planting delays, which fits a 5.68% one-day HRW jump via supply and sentiment spillover from corn. |
| KWHEAT | 2019-05-29 | 5 | +12.6% | 2.9 | Dated 2019-05-29, it reports a sharp grain futures rally with wheat at a three-month high on planting delays, matching the timing and size of the 5-day move. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2018-05-18 | [GRAINS-U.S. wheat futures rally; corn, soy firm on hopes for export deal](https://feedsoft.ai/events/10916-grains-u-s-wheat-futures-rally-corn-soy-firm-on-hopes-for-export-deal.md) | +1.3% | -5.6% |
| CORN | 2022-09-06 | [Genesus Global Market Report – China, August 2022
						 \| The Pig Site](https://feedsoft.ai/events/39576-genesus-global-market-report-china-august-2022-the-pig-site.md) | +4.7% | +0.9% |
| CORN | 2026-07-06 | [Here are 3 big reasons for the grain market's post-4th of July rally - Pro Farmer](https://feedsoft.ai/events/10786-here-are-3-big-reasons-for-the-grain-market-s-post-4th-of-july-rally-pro-farmer.md) | +1.6% | +1.6% |
| CORN | 2026-04-23 | [Wheat Futures Climb as Drought Hits Winter Crop - Daily Grain Highlights \| MarketScreener](https://feedsoft.ai/events/19769-wheat-futures-climb-as-drought-hits-winter-crop-daily-grain-highlights.md) | +1.7% | +2.9% |
| CORN | 2022-06-29 | [What’s driving the volatile grain market? Grain market daily \| AHDB](https://feedsoft.ai/events/40981-what-s-driving-the-volatile-grain-market-grain-market-daily-ahdb.md) | +1.2% | -16.3% |
| SOY | 2018-05-18 | [GRAINS-U.S. wheat futures rally; corn, soy firm on hopes for export deal](https://feedsoft.ai/events/10916-grains-u-s-wheat-futures-rally-corn-soy-firm-on-hopes-for-export-deal.md) | +4.1% | -9.0% |
| SOY | 2024-09-28 | [Soy futures soar on US weather woes - Markets - Business Recorder](https://feedsoft.ai/events/28337-soy-futures-soar-on-us-weather-woes-markets-business-recorder.md) | -2.6% | -7.3% |
| SOY | 2026-07-06 | [Here are 3 big reasons for the grain market's post-4th of July rally - Pro Farmer](https://feedsoft.ai/events/10786-here-are-3-big-reasons-for-the-grain-market-s-post-4th-of-july-rally-pro-farmer.md) | +5.7% | +3.6% |

## Sources

- thepigsite.com: https://www.thepigsite.com/news/2019/05/daily-us-grain-report-grain-futures-markets-on-fire-but-for-how-long

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