# Corn futures gain 15% in May as soft commodities rally on Midwest flooding

> US corn futures gained 15% in May to reach their highest level since June 2016 as heavy rain and flooding delayed planting. Soybeans rose about 2% and wheat about 12% over the month. Analysts warned of low inventories and tight plantings.

- Date: 2019-05-29 · published 2019-05-29T12:00:00.000Z
- Category: weather · region US · magnitude high
- Page: https://feedsoft.ai/events/5440-corn-futures-gain-15-in-may-as-soft-commodities-rally-on-midwest-flooding
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Record flooding and planting delays point to tighter US feed grain supplies and higher prices for corn-based feed ingredients into next year.

## Read by commodity

- SOY: bullish ▲
- CORN: bullish ▲
- WHEAT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2018-05-18 | [GRAINS-U.S. wheat futures rally; corn, soy firm on hopes for export deal](https://feedsoft.ai/events/10916-grains-u-s-wheat-futures-rally-corn-soy-firm-on-hopes-for-export-deal.md) | +1.3% | -5.6% |
| CORN | 2026-06-18 | [Midwest Finally Got Rain, Now They Can't Turn It Off - AgWeb](https://feedsoft.ai/events/12987-midwest-finally-got-rain-now-they-can-t-turn-it-off-agweb.md) | -1.2% | +0.1% |
| CORN | 2018-03-01 | [U.S. grains: Wheat, soybean futures rally - Manitoba Co-operator](https://feedsoft.ai/events/12431-u-s-grains-wheat-soybean-futures-rally-manitoba-co-operator.md) | +0.8% | +1.3% |
| CORN | 2021-03-06 | [U.S. grains: Soy futures rally on dry Argentina weather - Grainews](https://feedsoft.ai/events/8633-u-s-grains-soy-futures-rally-on-dry-argentina-weather-grainews.md) | +2.7% | +3.0% |
| CORN | 2020-08-26 | [Low rainfall in US Midwest drives corn prices higher](https://feedsoft.ai/events/51639-low-rainfall-in-us-midwest-drives-corn-prices-higher.md) | +1.5% | +7.0% |
| SOY | 2018-05-18 | [GRAINS-U.S. wheat futures rally; corn, soy firm on hopes for export deal](https://feedsoft.ai/events/10916-grains-u-s-wheat-futures-rally-corn-soy-firm-on-hopes-for-export-deal.md) | +4.1% | -9.0% |
| SOY | 2017-04-12 | [Flooding In Argentina May Delay Soy Crop Harvesting \| Investing.com](https://feedsoft.ai/events/71348-flooding-in-argentina-may-delay-soy-crop-harvesting-investing-com.md) | +1.2% | +2.4% |
| SOY | 2018-03-01 | [U.S. grains: Wheat, soybean futures rally - Manitoba Co-operator](https://feedsoft.ai/events/12431-u-s-grains-wheat-soybean-futures-rally-manitoba-co-operator.md) | +1.0% | -2.6% |

## Sources

- cnbc.com: https://www.cnbc.com/2019/05/29/corn-futures-surge-bringing-may-gain-to-20percent-as-soft-commodities-rally-on-midwest-flooding.html

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