# Daily Market Wire 21 May 2019 - Grain Central

> Grain markets rose on May 21, 2019 as US heavy rain forecasts worsened planting conditions. July corn gained about 50 cents over the week, and the USDA later confirmed 49% of corn planted against an expected 50%. Wheat rose on rain-damaged mature crops in the Hard Red Winter belt.

- Date: 2019-05-21 · published 2019-05-21T12:00:00.000Z
- Category: weather · region US · magnitude medium
- Page: https://feedsoft.ai/events/5632-daily-market-wire-21-may-2019-grain-central
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Late planting and wet conditions cut expected corn yields and acreage, supporting feed-grain prices. Heavy rain on mature HRW wheat adds quality risk.

## Read by commodity

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

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| KWHEAT | 2019-05-29 | 5 | +12.6% | 2.9 | Heavy rain forecasts and rain-damaged mature HRW crops raised supply concerns and lifted wheat early in the window. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2019-05-06 | [Daily Market Wire 6 May 2019 - Grain Central](https://feedsoft.ai/events/7491-daily-market-wire-6-may-2019-grain-central.md) | -3.2% | +10.5% |
| CORN | 2017-05-01 | [Daily market wire 2 May 2017 - Grain Central](https://feedsoft.ai/events/6137-daily-market-wire-2-may-2017-grain-central.md) | +1.1% | +4.2% |
| CORN | 2018-02-28 | [Daily market wire 2 March 2018 - Grain Central](https://feedsoft.ai/events/12436-daily-market-wire-2-march-2018-grain-central.md) | +1.6% | +2.1% |
| CORN | 2017-11-19 | [Daily market wire 20 November 2017 - Grain Central](https://feedsoft.ai/events/68031-daily-market-wire-20-november-2017-grain-central.md) | -0.8% | +5.0% |
| CORN | 2018-02-26 | [Daily market wire 27 February 2018 - Grain Central](https://feedsoft.ai/events/11656-daily-market-wire-27-february-2018-grain-central.md) | +1.8% | +3.2% |
| WHEAT | 2017-05-01 | [Daily market wire 2 May 2017 - Grain Central](https://feedsoft.ai/events/6137-daily-market-wire-2-may-2017-grain-central.md) | +2.3% | +1.5% |
| WHEAT | 2018-02-28 | [Daily market wire 2 March 2018 - Grain Central](https://feedsoft.ai/events/12436-daily-market-wire-2-march-2018-grain-central.md) | +2.3% | +1.0% |
| WHEAT | 2025-03-17 | [Daily Market Wire 18 March 2025 - Grain Central](https://feedsoft.ai/events/5625-daily-market-wire-18-march-2025-grain-central.md) | +5.3% | +2.5% |

## Sources

- graincentral.com: https://www.graincentral.com/markets/daily-market-wire-21-may-2019/

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