# Market alert - grains experience wild price rally | XTB

> Grain prices rose sharply, with corn and wheat up over 25% on unfavorable weather and soybeans up about 12% amid US-China trade tensions and weak Chinese demand. Corn planting was 58% complete versus a 90% five-year average, and soybean planting at 29% versus 70%. Analysts describe the planting season as the worst in 30 years.

- Date: 2019-05-29 · published 2019-05-29T12:00:00.000Z
- Category: weather · region US · magnitude high
- Page: https://feedsoft.ai/events/10899-market-alert-grains-experience-wild-price-rally-xtb
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Late planting from flooding and weak export demand from the trade dispute support prices, though the rally may be extended. Lower acreage risk drives the upside for corn and wheat.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2021-07-16 | [Prices rally as Russian crop reduces: Grain market daily \| AHDB](https://feedsoft.ai/events/46105-prices-rally-as-russian-crop-reduces-grain-market-daily-ahdb.md) | -0.1% | -1.0% |
| CORN | 2022-10-18 | [Weekly Commodities Market Update: Price Gain across Grains](https://feedsoft.ai/events/39199-weekly-commodities-market-update-price-gain-across-grains.md) | -0.9% | -2.3% |
| 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% |
| 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% |
| WHEAT | 2021-07-16 | [Prices rally as Russian crop reduces: Grain market daily \| AHDB](https://feedsoft.ai/events/46105-prices-rally-as-russian-crop-reduces-grain-market-daily-ahdb.md) | +0.1% | -0.4% |
| WHEAT | 2018-12-18 | [Weekly Market Report - Grain Brokers Australia](https://feedsoft.ai/events/61642-weekly-market-report-grain-brokers-australia.md) | -1.8% | -2.2% |
| WHEAT | 2021-04-28 | [Global weather driving price rises in grains and oilseeds: Feed market report \| AHDB](https://feedsoft.ai/events/9793-global-weather-driving-price-rises-in-grains-and-oilseeds-feed-market-report.md) | -6.0% | -5.4% |

## Sources

- xtb.com: https://www.xtb.com/en/market-analysis/market-alert-grains-experience-wild-price-rally-3

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