# Corn futures market flexes amid wild planting season - McKeany-Flavell

> The Jul-19 corn futures contract hit a three-year high before meeting resistance near $4.38 after a rally that began May 13. Record rain and Midwest river flooding pushed planting to its slowest pace on record, and money managers cut net short positions, with record fund buying on May 30.

- Date: 2019-05-31 · published 2019-05-31T12:00:00.000Z
- Category: weather · region US · magnitude high
- Page: https://feedsoft.ai/events/59122-corn-futures-market-flexes-amid-wild-planting-season-mckeany-flavell
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Barge Freight (St. Louis)](https://feedsoft.ai/c/BARGE.md)

## Why it matters

Record-slow planting and short-covering are lifting corn prices, with acreage and yield risk supporting feed costs. Forecast drier weather could cap gains, but flooding along rivers may keep logistics and prices volatile.

## Read by commodity

- CORN: bullish ▲
- BARGE: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2017-05-01 | [U.S. Corn Futures Review & Outlook: Planting Progress Update - See It Market](https://feedsoft.ai/events/10484-u-s-corn-futures-review-and-outlook-planting-progress-update-see-it-market.md) | +1.1% | +4.2% |
| CORN | 2020-10-14 | [Spring rains provide planting window in South America - McKeany-Flavell](https://feedsoft.ai/events/50487-spring-rains-provide-planting-window-in-south-america-mckeany-flavell.md) | +2.8% | +6.2% |
| CORN | 2020-02-18 | [Spring Corn Belt Flooding Concerns Persist Before Planting Season](https://feedsoft.ai/events/54449-spring-corn-belt-flooding-concerns-persist-before-planting-season.md) | -1.7% | -3.5% |
| CORN | 2019-12-10 | [Brazil's Planting Season Ends Dry, U.S. Corn Harvest Ending Cold](https://feedsoft.ai/events/55418-brazil-s-planting-season-ends-dry-u-s-corn-harvest-ending-cold.md) | +4.3% | +3.9% |
| CORN | 2018-04-20 | [A Late Planting Season Lesson](https://feedsoft.ai/events/65370-a-late-planting-season-lesson.md) | +0.5% | +3.3% |

## Sources

- mckeany-flavell.com: https://www.mckeany-flavell.com/corn-futures-market-flexes-amid-wild-planting-season-05-31-19/

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