# Afternoon Market Recap for May 14, 2020 - PNW Farmers Cooperative

> Grain markets were muted on May 14 with small losses in corn, soybeans and most wheat contracts. Crude oil rose about 8% to above $27 per barrel, and gasoline and diesel also rallied. NOAA forecast wet weather for parts of the Corn Belt.

- Date: 2020-05-14 · published 2020-05-14T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/12710-afternoon-market-recap-for-may-14-2020-pnw-farmers-cooperative
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

Higher crude and diesel can support ethanol and freight costs, a modest bullish factor for corn. Wet Corn Belt weather could delay planting and add some weather premium.

## Read by commodity

- WTI: bullish ▲
- CORN: bearish ▼

## Sources

- pnw.coop: https://pnw.coop/story-afternoon-market-recap-may-14-2020-22-202742

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