# Wheat futures bounce back | Queensland Country Life | QLD

> Nearby CBOT wheat fell to its lowest since January 2018 after a USDA report projected a record global wheat crop. Prices then reversed on a USDA crop progress report showing delayed US corn and soybean planting, and the rally continued through the week.

- Date: 2019-05-20 · published 2019-05-20T12:00:00.000Z
- Category: report · region Global · magnitude medium
- Page: https://feedsoft.ai/events/5634-wheat-futures-bounce-back-queensland-country-life-qld
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Planting delays that cut US corn yields and acres lift feed-grain prices, while the record global wheat forecast caps wheat gains.

## Read by commodity

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

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| WHEAT | 2019-05-20 | 1 | +6.6% | 6.1 | Wheat hit its lowest since Jan 2018 then reversed sharply on the USDA crop progress report, so oversold conditions amplified the bounce. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2019-04-01 | [Grain markets: Bearish news pushes markets lower \| Queensland Country Life \| QLD](https://feedsoft.ai/events/59527-grain-markets-bearish-news-pushes-markets-lower-queensland-country-life-qld.md) | -5.3% | -8.2% |
| WHEAT | 2025-12-05 | [Wheat futures face December uncertainty](https://feedsoft.ai/events/21558-wheat-futures-face-december-uncertainty.md) | -1.6% | -1.1% |
| WHEAT | 2023-12-04 | [Barley, canola, wheat estimates lift over quarter: ABARES - Grain Central](https://feedsoft.ai/events/32664-barley-canola-wheat-estimates-lift-over-quarter-abares-grain-central.md) | +0.5% | -0.5% |
| WHEAT | 2021-09-14 | [Black Sea wheat balance left unchanged 14.09.2021 - UkrAgroConsult](https://feedsoft.ai/events/44924-black-sea-wheat-balance-left-unchanged-14-09-2021-ukragroconsult.md) | -3.3% | +4.8% |
| WHEAT | 2026-05-13 | [2025 NASS County Corn, Soybean, and Winter Wheat Yields](https://feedsoft.ai/events/12994-2025-nass-county-corn-soybean-and-winter-wheat-yields.md) | +0.9% | -4.2% |
| CORN | 2019-04-01 | [Grain markets: Bearish news pushes markets lower \| Queensland Country Life \| QLD](https://feedsoft.ai/events/59527-grain-markets-bearish-news-pushes-markets-lower-queensland-country-life-qld.md) | +0.2% | -2.9% |
| CORN | 2019-08-30 | [Corn tightens but wheat and barley bountiful: IGC - Grain Central](https://feedsoft.ai/events/57608-corn-tightens-but-wheat-and-barley-bountiful-igc-grain-central.md) | -2.4% | +1.4% |
| CORN | 2023-09-29 | [It’s been a bad quarter for corn, soybean and wheat prices](https://feedsoft.ai/events/34143-it-s-been-a-bad-quarter-for-corn-soybean-and-wheat-prices.md) | +1.9% | +0.9% |

## Sources

- queenslandcountrylife.com.au: https://www.queenslandcountrylife.com.au/story/6133334/wheat-futures-bounce-back/

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