# Grain market week in review - May 24, 2019

> Wet weather slowed corn and soybean planting, with USDA reporting record slow corn planting for the mid-May window. Grain futures rose after a planting rally, and soybeans gained after funds held a record bearish position. Trade friction with China and talk of a $2 per bushel soybean tariff compensation payment were also cited.

- Date: 2019-05-24 · published 2019-05-24T12:00:00.000Z
- Category: weather · region US · magnitude medium
- Page: https://feedsoft.ai/events/10897-grain-market-week-in-review-may-24-2019
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Delayed planting and possible switching to soybeans tighten the outlook for corn supply, supporting prices, while tariff aid could shift acreage between crops.

## Read by commodity

- SBM: neutral
- SOY: bullish ▲
- CORN: bullish ▲

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| SBM | 2019-05-29 | 5 | +10.2% | 5.4 | Weekly review shows wet weather slowing planting and soybeans rallying as funds held a record bearish position, pointing to short-covering that lifted prices. |
| SBM | 2019-05-27 | 1 | +4.1% | 4.2 | The weekly review ties the soybean gain to planting delays and a record fund short position, so short covering could extend into the following session. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2019-03-15 | [Grain market week in review - March 15, 2019](https://feedsoft.ai/events/6538-grain-market-week-in-review-march-15-2019.md) | +4.2% | -1.8% |
| CORN | 2019-05-07 | [Morning Market Review for May 7, 2019 - HighLine Grain Growers, Inc](https://feedsoft.ai/events/7492-morning-market-review-for-may-7-2019-highline-grain-growers-inc.md) | -1.5% | +10.7% |
| CORN | 2022-05-26 | [Grain market review: Coarse grains \| World Grain](https://feedsoft.ai/events/41458-grain-market-review-coarse-grains-world-grain.md) | -4.6% | -3.2% |
| CORN | 2023-07-25 | [Grain market review: Coarse grains \| World Grain](https://feedsoft.ai/events/35123-grain-market-review-coarse-grains-world-grain.md) | -13.4% | -17.1% |
| CORN | 2025-02-25 | [Grain market review: Coarse grains \| World Grain](https://feedsoft.ai/events/26079-grain-market-review-coarse-grains-world-grain.md) | -5.8% | +0.2% |
| SOY | 2019-03-15 | [Grain market week in review - March 15, 2019](https://feedsoft.ai/events/6538-grain-market-week-in-review-march-15-2019.md) | +2.4% | +0.6% |
| SOY | 2019-05-21 | [Daily Market Wire 21 May 2019 - Grain Central](https://feedsoft.ai/events/5632-daily-market-wire-21-may-2019-grain-central.md) | +2.9% | +9.8% |
| SOY | 2019-05-22 | [Afternoon Market Recap for May 24, 2019 - HighLine Grain Growers, Inc](https://feedsoft.ai/events/5437-afternoon-market-recap-for-may-24-2019-highline-grain-growers-inc.md) | +6.1% | +9.9% |

## Sources

- farmprogress.com: https://www.farmprogress.com/marketing/grain-market-week-in-review-may-24-2019

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