# Afternoon Market Recap for May 10, 2021 - Morrow County Grain Growers

> Corn and wheat futures fell on May 10, 2021 as planting progress pressured prices and traders took profits ahead of the USDA WASDE report. Corn finished down 2.5% to 3.25% and most wheat contracts fell 4.5% to 5.75%, while soybeans were little changed. NOAA forecasts showed little rain for the Midwest and Plains before a wetter pattern returned to the Corn Belt in mid-May.

- Date: 2021-05-10 · published 2021-05-10T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/11411-afternoon-market-recap-for-may-10-2021-morrow-county-grain-growers
- 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

Faster planting and profit-taking ahead of the USDA report reduce near-term support for corn and wheat prices. Soybeans held steady, so the pressure was concentrated in grains.

## Read by commodity

- SOY: neutral
- CORN: bearish ▼
- WHEAT: bearish ▼

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| WHEAT | 2021-05-10 | 1 | +5.0% | 4.0 | Same-day recap shows wheat contracts down 4.5-5.75% on planting progress and profit-taking ahead of WASDE, directly describing the move. |

## Sources

- mcgg.net: https://mcgg.net/story-afternoon-market-recap-may-10-2021-22-213947

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