# Column: Corn prices jump as soggy fields delay planting | Business | journalgazette.net

> Corn prices jumped more than 10% in the week as severe Corn Belt planting delays hit, with only 30% planted versus a near 60% average. July corn traded at $3.84 per bushel on Friday. Soybeans traded below $8 a bushel for the first time in a decade on fears of more soy acres and US-China trade disputes. Oil prices were also elevated amid US-Iran tensions over sanctions.

- Date: 2019-05-17 · published 2019-05-17T12:00:00.000Z
- Category: weather · region US · magnitude high
- Page: https://feedsoft.ai/events/12130-column-corn-prices-jump-as-soggy-fields-delay-planting-business-journalgazette
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

Expected smaller corn crop and possible switch to soybean acreage shift supply balances, while Iran tensions add upside risk to crude and energy-linked costs.

## Read by commodity

- SOY: bearish ▼
- WTI: bullish ▲
- CORN: bullish ▲
- BRENT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2019-05-24 | [Column: Cloudy outlook for grains \| Business \| journalgazette.net](https://feedsoft.ai/events/5442-column-cloudy-outlook-for-grains-business-journalgazette-net.md) | +7.1% | +10.0% |
| CORN | 2020-11-06 | [Column: Soybeans blast to 4-year high \| Business \| journalgazette.net](https://feedsoft.ai/events/12428-column-soybeans-blast-to-4-year-high-business-journalgazette-net.md) | -1.6% | +7.2% |
| CORN | 2018-05-01 | [Corn prices favorable despite planting delays \| Iowa Agribusiness Radio Network](https://feedsoft.ai/events/65066-corn-prices-favorable-despite-planting-delays-iowa-agribusiness-radio-network.md) | +1.7% | +3.5% |
| CORN | 2018-02-08 | [Looming La Niña could affect yields, prices – Ohio Ag Net \| Ohio's Country Journal](https://feedsoft.ai/events/66350-looming-la-nina-could-affect-yields-prices-ohio-ag-net-ohio-s-country-journal.md) | +0.2% | +2.3% |
| CORN | 2021-03-23 | [CBOT corn climbs on delayed planting in Brazil - Markets - Business Recorder](https://feedsoft.ai/events/5673-cbot-corn-climbs-on-delayed-planting-in-brazil-markets-business-recorder.md) | -0.5% | +3.5% |
| SOY | 2019-05-24 | [Column: Cloudy outlook for grains \| Business \| journalgazette.net](https://feedsoft.ai/events/5442-column-cloudy-outlook-for-grains-business-journalgazette-net.md) | +6.8% | +9.9% |
| SOY | 2018-02-08 | [Looming La Niña could affect yields, prices – Ohio Ag Net \| Ohio's Country Journal](https://feedsoft.ai/events/66350-looming-la-nina-could-affect-yields-prices-ohio-ag-net-ohio-s-country-journal.md) | +3.5% | +7.2% |
| SOY | 2019-05-15 | [Grains jump on planting delays short-covering \| Saxo](https://feedsoft.ai/events/5740-grains-jump-on-planting-delays-short-covering-saxo.md) | +0.5% | +7.4% |

## Sources

- journalgazette.net: https://www.journalgazette.net/business/column-corn-prices-jump-as-soggy-fields-delay-planting/article_33befb9b-f4c4-5732-a5ff-0904a52e8ece.html

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