# Planting progress strength met with eroding grain markets - Agweek | #1 source for agriculture news, farming, markets

> Grain markets eroded in the third week of May, with Chicago wheat down 30 cents, Kansas City wheat down 50 cents, corn down 32 cents and soybeans off 83 cents. Early support from USDA's May Crop Production report faded as corn planting ran ahead of average, with North Dakota notably behind.

- Date: 2023-05-26 · published 2023-05-26T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/5565-planting-progress-strength-met-with-eroding-grain-markets-agweek-1-source-for
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md)

## Why it matters

Fast planting supports higher yield expectations and bearish pressure on corn and soybeans, while delays in the northern Plains are a limited offset.

## Read by commodity

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

## Sources

- agweek.com: https://www.agweek.com/business/markets/planting-progress-strength-met-with-eroding-grain-markets

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