# How high can grain prices grow | Saxo

> Corn futures in Chicago hit a three-year high as widespread flooding across the US Corn Belt delayed planting. USDA data showed 58% of corn planted versus 90% a year earlier, and soybeans at 30% planted against a five-year average above 70%. Reuters estimates about 99 million acres of corn and soybeans remain unplanted.

- Date: 2019-05-29 · published 2019-05-29T12:00:00.000Z
- Category: weather · region US · magnitude high
- Page: https://feedsoft.ai/events/10898-how-high-can-grain-prices-grow-saxo
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Flooding threatens a large share of the US crop and may cut acreage and yields, pushing grain prices higher as planting windows close.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2018-05-14 | [Higher feed grain prices pressure cattle feeder market - Canadian Cattlemen](https://feedsoft.ai/events/65129-higher-feed-grain-prices-pressure-cattle-feeder-market-canadian-cattlemen.md) | +1.7% | -1.8% |
| CORN | 2021-04-24 | [Grain prices pushed higher as weather worries grow - Farmers Weekly](https://feedsoft.ai/events/10294-grain-prices-pushed-higher-as-weather-worries-grow-farmers-weekly.md) | +13.6% | +6.9% |
| CORN | 2019-06-03 | [Chart Analysis: US Cash Grain Prices](https://feedsoft.ai/events/8681-chart-analysis-us-cash-grain-prices.md) | -1.9% | +1.4% |
| CORN | 2022-07-20 | [Grain prices high, Texas yields not promising - AgriLife Today](https://feedsoft.ai/events/40534-grain-prices-high-texas-yields-not-promising-agrilife-today.md) | -6.0% | -1.2% |
| CORN | 2022-07-29 | [Dip in grain prices may linger but prices could strengthen - High Plains Journal](https://feedsoft.ai/events/40511-dip-in-grain-prices-may-linger-but-prices-could-strengthen-high-plains-journal.md) | +2.4% | +3.2% |
| SOY | 2019-06-03 | [Chart Analysis: US Cash Grain Prices](https://feedsoft.ai/events/8681-chart-analysis-us-cash-grain-prices.md) | -2.4% | +2.5% |
| SOY | 2022-07-29 | [Dip in grain prices may linger but prices could strengthen - High Plains Journal](https://feedsoft.ai/events/40511-dip-in-grain-prices-may-linger-but-prices-could-strengthen-high-plains-journal.md) | +0.4% | -3.5% |
| SOY | 2017-07-11 | [ABN Amro: Grain prices higher due to US drought • De Molenaar](https://feedsoft.ai/events/70017-abn-amro-grain-prices-higher-due-to-us-drought-de-molenaar.md) | -3.5% | -5.9% |

## Sources

- home.saxo: https://www.home.saxo/content/articles/commodities/how-high-can-grain-prices-grow-29052019

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