# News Archives for Markets - 2019-05-23 - Business Recorder

> Euronext wheat rose in step with Chicago as US crop planting risks weighed on the market. CBOT corn and soybeans fell after the USDA unveiled a $16 billion farm aid package, with wheat dropping on spillover from corn. Copper also hit its lowest since January as the US-China trade dispute escalated.

- Date: 2019-05-23 · published 2019-05-23T12:00:00.000Z
- Category: trade · region US · magnitude medium
- Page: https://feedsoft.ai/events/5436-news-archives-for-markets-2019-05-23-business-recorder
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md), [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md)

## Why it matters

The aid package is seen encouraging plantings, adding soybean supply that weighs on feed meal and bean prices, while escalating US-China tensions dampen export demand expectations.

## Read by commodity

- SOY: bearish ▼
- CORN: bearish ▼
- WHEAT: bearish ▼
- KWHEAT: bearish ▼

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| WHEAT | 2019-05-27 | 1 | -8.0% | -6.4 | On May 23 the USDA $16B aid package pressured corn and soybeans, and wheat fell on spillover, so it plausibly contributed to the selling, but it only partly explains a very large drop. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2023-08-31 | [EU wheat declines - Markets - Business Recorder](https://feedsoft.ai/events/34620-eu-wheat-declines-markets-business-recorder.md) | +0.3% | +1.0% |
| WHEAT | 2026-03-17 | [Chicago soybeans fall - Markets - Business Recorder](https://feedsoft.ai/events/5794-chicago-soybeans-fall-markets-business-recorder.md) | -0.6% | +1.9% |
| WHEAT | 2026-04-12 | [Soybeans hit two-week high as soymeal jumps - Markets - Business Recorder](https://feedsoft.ai/events/11663-soybeans-hit-two-week-high-as-soymeal-jumps-markets-business-recorder.md) | +3.6% | +0.8% |
| WHEAT | 2021-06-19 | [EU wheat export outlook promising as harvest, Russia eyed - Markets - Business Recorder](https://feedsoft.ai/events/46641-eu-wheat-export-outlook-promising-as-harvest-russia-eyed-markets-business.md) | -8.4% | -11.3% |
| WHEAT | 2020-06-10 | [Thailand group said to pass in feed wheat tender, buys barley - Markets - Business Recorder](https://feedsoft.ai/events/52687-thailand-group-said-to-pass-in-feed-wheat-tender-buys-barley-markets-business.md) | -1.1% | -5.3% |
| SOY | 2026-03-17 | [Chicago soybeans fall - Markets - Business Recorder](https://feedsoft.ai/events/5794-chicago-soybeans-fall-markets-business-recorder.md) | +0.7% | +0.2% |
| SOY | 2025-09-28 | [Soy futures slightly up - Markets - Business Recorder](https://feedsoft.ai/events/22898-soy-futures-slightly-up-markets-business-recorder.md) | +0.4% | +2.8% |
| SOY | 2021-09-07 | [China's August soybean imports fall on flat demand - Markets - Business Recorder](https://feedsoft.ai/events/45066-china-s-august-soybean-imports-fall-on-flat-demand-markets-business-recorder.md) | -0.8% | -3.7% |

## Sources

- brecorder.com: https://www.brecorder.com/markets/commodities/2019-05-23
- brecorder.com: https://www.brecorder.com/markets/commodities/2019-05-24

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