# Afternoon Market Recap for May 24, 2019 - HighLine Grain Growers, Inc

> Corn and wheat posted large gains on Friday as wet weather continued to delay planting across the Corn Belt. Soybeans rose moderately, and NOAA forecast more rain and a wetter-than-average summer.

- Date: 2019-05-22 · published 2019-05-22T12:00:00.000Z
- Category: weather · region US · magnitude medium
- Page: https://feedsoft.ai/events/5437-afternoon-market-recap-for-may-24-2019-highline-grain-growers-inc
- 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

Persistent planting delays and a wet outlook threaten reduced acreage and late-planted yields, supporting feed grain prices.

## Read by commodity

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

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| KWHEAT | 2019-05-29 | 5 | +12.6% | 2.9 | Wet weather delaying Corn Belt planting and a wetter summer forecast produced large corn and wheat gains, adding supply-risk sentiment during the window (though the listed date is slightly inconsistent). |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2021-07-16 | [Afternoon Market Recap for July 16, 2021 - Morrow County Grain Growers](https://feedsoft.ai/events/7780-afternoon-market-recap-for-july-16-2021-morrow-county-grain-growers.md) | +0.1% | -0.4% |
| WHEAT | 2019-03-15 | [Grain market week in review - March 15, 2019](https://feedsoft.ai/events/6538-grain-market-week-in-review-march-15-2019.md) | +2.9% | +1.4% |
| WHEAT | 2019-05-21 | [Daily Market Wire 21 May 2019 - Grain Central](https://feedsoft.ai/events/5632-daily-market-wire-21-may-2019-grain-central.md) | -13.2% | -6.0% |
| WHEAT | 2024-04-29 | [Grains Report 04/29/2024 - Market InsightsMarket Insights](https://feedsoft.ai/events/30803-grains-report-04-29-2024-market-insightsmarket-insights.md) | -1.8% | +21.1% |
| WHEAT | 2023-12-26 | [Brazil Forecasts Push Grain Markets Higher \| Tuesday, December 26, 2023](https://feedsoft.ai/events/11280-brazil-forecasts-push-grain-markets-higher-tuesday-december-26-2023.md) | +3.2% | +0.5% |
| SOY | 2021-07-16 | [Afternoon Market Recap for July 16, 2021 - Morrow County Grain Growers](https://feedsoft.ai/events/7780-afternoon-market-recap-for-july-16-2021-morrow-county-grain-growers.md) | -2.2% | -3.2% |
| SOY | 2019-05-24 | [Grain market week in review - May 24, 2019](https://feedsoft.ai/events/10897-grain-market-week-in-review-may-24-2019.md) | +6.8% | +9.9% |
| SOY | 2019-03-15 | [Grain market week in review - March 15, 2019](https://feedsoft.ai/events/6538-grain-market-week-in-review-march-15-2019.md) | +2.4% | +0.6% |

## Sources

- highlinegrain.com: https://highlinegrain.com/story-afternoon-market-recap-may-24-2019-22-190370
- alliance-grain.com: https://www.alliance-grain.com/story-afternoon-market-recap-may-22-2019-22-190270

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