# Morning Market Review for May 19, 2021 - Beachner Grain

> Corn, soybeans, soyoil and wheat all fell on May 19, 2021, as rising production estimates and favorable global weather weighed on the grains. Soyoil dropped $1.43/lb and soymeal fell $0.40/ton in early trade. The report also noted that EIA expects summer gasoline demand to stay below 2019 levels.

- Date: 2021-05-19 · published 2021-05-19T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/12361-morning-market-review-for-may-19-2021-beachner-grain
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Improved crop prospects increase expected supply, which pushes grain and oilseed prices lower. Softer ethanol demand outlooks could also limit corn use for fuel.

## Read by commodity

- SBO: bearish ▼
- SOY: bearish ▼
- CORN: bearish ▼
- WHEAT: bearish ▼

## Sources

- beachnergrain.com: https://www.beachnergrain.com/story-morning-market-review-may-19-2021-22-214261

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