# U.S. grains: Corn firms as rains stall planting - AgCanada

> US corn futures firmed on April 29, 2019 as wet weather delayed Midwest planting and more rain was forecast. Soybeans fell to a contract low on sluggish exports and worries that late corn planting could shift acres to beans, while wheat slumped on ample world supplies.

- Date: 2019-04-29 · published 2019-04-29T12:00:00.000Z
- Category: weather · region US · magnitude medium
- Page: https://feedsoft.ai/events/10955-u-s-grains-corn-firms-as-rains-stall-planting-agcanada
- 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

Planting delays raise the risk of corn acreage shifting to soybeans, which can tighten or loosen feed grain balances later in the season. Ample wheat supplies keep wheat-based feed competitively priced.

## Read by commodity

- SOY: bearish ▼
- CORN: bullish ▲
- WHEAT: bearish ▼

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| WHEAT | 2019-04-29 | 1 | -3.1% | -3.3 | States wheat slumped on April 29 on ample world supplies, a supply-driven explanation for the one-day drop. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2021-04-23 | [U.S. grains: Corn highest since 2013 - AgCanada](https://feedsoft.ai/events/10295-u-s-grains-corn-highest-since-2013-agcanada.md) | +10.5% | +8.1% |
| CORN | 2019-07-29 | [U.S. grains: Wheat rises as dry weather curbs Russian output; corn firm - AgCanada](https://feedsoft.ai/events/58150-u-s-grains-wheat-rises-as-dry-weather-curbs-russian-output-corn-firm-agcanada.md) | -0.6% | -10.6% |
| CORN | 2022-01-19 | [U.S. grains: Wheat, corn rally to highest since December - AgCanada](https://feedsoft.ai/events/11816-u-s-grains-wheat-corn-rally-to-highest-since-december-agcanada.md) | +2.1% | +6.9% |
| CORN | 2021-07-14 | [U.S. grains: Corn, soybeans up on weather worries - AgCanada](https://feedsoft.ai/events/45918-u-s-grains-corn-soybeans-up-on-weather-worries-agcanada.md) | -9.8% | -13.0% |
| CORN | 2018-05-22 | [U.S. grains: Wheat rallies on Plains dryness, technical buying - AgCanada](https://feedsoft.ai/events/10917-u-s-grains-wheat-rallies-on-plains-dryness-technical-buying-agcanada.md) | +0.7% | -7.9% |
| SOY | 2017-03-07 | [U.S. grains: Soy, corn fall on Brazil crop expectations - AgCanada](https://feedsoft.ai/events/72036-u-s-grains-soy-corn-fall-on-brazil-crop-expectations-agcanada.md) | -3.0% | -8.6% |
| SOY | 2019-07-02 | [U.S. grains: Corn, soy ease on warmer weather - AgCanada](https://feedsoft.ai/events/58125-u-s-grains-corn-soy-ease-on-warmer-weather-agcanada.md) | -0.3% | -0.8% |
| SOY | 2019-09-11 | [U.S. grains: Soybeans, corn ease on crop-boosting weather - AgCanada](https://feedsoft.ai/events/9148-u-s-grains-soybeans-corn-ease-on-crop-boosting-weather-agcanada.md) | +4.0% | +7.1% |

## Sources

- agcanada.com: https://www.agcanada.com/daily/u-s-grains-corn-firms-as-rains-stall-planting

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