# Corn climbs to 1-year peak, wheat hits 3-month high

> Chicago corn futures rose for a seventh straight session on May 21, 2019, the longest rally in two years, to a one-year high of $3.94 a bushel. Wheat jumped to a three-month high on adverse weather in parts of the U.S. grain belt. Soybeans also gained.

- Date: 2019-05-21 · published 2019-05-21T12:00:00.000Z
- Category: weather · region US · magnitude high
- Page: https://feedsoft.ai/events/5628-corn-climbs-to-1-year-peak-wheat-hits-3-month-high
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Slow U.S. planting raises fears of abandoned acreage and lower yields, supporting corn and feed-grain prices. Wheat gains on weather stress also lift the feed-grain complex.

## Read by commodity

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

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| SOY | 2019-05-29 | 5 | +8.2% | 3.9 | Seventh straight corn gain and wheat strength on adverse weather on May 21 spilled over to soybeans, lifting them. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2024-05-04 | [Corn hits 3-month high; soy, wheat climb on global crop weather woes](https://feedsoft.ai/events/6453-corn-hits-3-month-high-soy-wheat-climb-on-global-crop-weather-woes.md) | +1.8% | +3.9% |
| CORN | 2025-10-27 | [Corn Rises to Over 1-Month High](https://feedsoft.ai/events/22423-corn-rises-to-over-1-month-high.md) | +1.4% | +2.7% |
| CORN | 2021-05-10 | [Montana Ag Network: Why Wheat Markets Are At 10-Year Highs](https://feedsoft.ai/events/47136-montana-ag-network-why-wheat-markets-are-at-10-year-highs.md) | -6.8% | -6.6% |
| CORN | 2022-11-25 | [GRAINS-Corn Futures Turn Higher, Wheat Hits Months-low on Choppy Trading Day](https://feedsoft.ai/events/12219-grains-corn-futures-turn-higher-wheat-hits-months-low-on-choppy-trading-day.md) | -3.3% | -2.6% |
| CORN | 2018-02-27 | [U.S. grains: Wheat hits seven-month high on crop ratings - Grainews](https://feedsoft.ai/events/12433-u-s-grains-wheat-hits-seven-month-high-on-crop-ratings-grainews.md) | +1.6% | +2.4% |
| WHEAT | 2024-05-04 | [Corn hits 3-month high; soy, wheat climb on global crop weather woes](https://feedsoft.ai/events/6453-corn-hits-3-month-high-soy-wheat-climb-on-global-crop-weather-woes.md) | +2.2% | +13.7% |
| WHEAT | 2021-05-10 | [Montana Ag Network: Why Wheat Markets Are At 10-Year Highs](https://feedsoft.ai/events/47136-montana-ag-network-why-wheat-markets-are-at-10-year-highs.md) | +3.5% | -1.9% |
| WHEAT | 2018-02-27 | [U.S. grains: Wheat hits seven-month high on crop ratings - Grainews](https://feedsoft.ai/events/12433-u-s-grains-wheat-hits-seven-month-high-on-crop-ratings-grainews.md) | +2.4% | +1.3% |

## Sources

- reuters.com: https://www.reuters.com/article/global-grains/grains-corn-climbs-to-1-year-peak-wheat-hits-3-month-high-idINL4N22X0WN/?edition-redirect=in

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