# U.S. grains: Corn, soy rally as slow planting pace ignites short-covering - Manitoba Co-operator

> U.S. corn futures rose more than 3% and soybeans bounced from a decade low as USDA data showed planting well behind pace, with 30% of corn and 9% of soybeans planted. Wheat also firmed about 2%, and short-covering added to the rally.

- Date: 2019-05-14 · published 2019-05-14T12:00:00.000Z
- Category: weather · region US · magnitude medium
- Page: https://feedsoft.ai/events/6665-u-s-grains-corn-soy-rally-as-slow-planting-pace-ignites-short-covering-manitoba
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Planting delays raise the risk of a smaller or later U.S. crop, which supports corn, soybean and wheat prices and tightens feed grain supplies for buyers.

## Read by commodity

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

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| SOY | 2019-05-13 | 1 | +3.4% | 5.0 | Planting delays (9% of soybeans planted) and short-covering sparked a rally from decade lows, matching the sharp one-day move in soybeans. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2018-03-01 | [U.S. grains: Wheat, soybean futures rally - Manitoba Co-operator](https://feedsoft.ai/events/12431-u-s-grains-wheat-soybean-futures-rally-manitoba-co-operator.md) | +0.8% | +1.3% |
| CORN | 2017-08-14 | [The rain dilemma for U.S. corn, soybeans - Manitoba Co-operator](https://feedsoft.ai/events/69305-the-rain-dilemma-for-u-s-corn-soybeans-manitoba-co-operator.md) | -2.0% | -4.4% |
| CORN | 2019-04-29 | [U.S. grains: Corn firms as rains stall planting - AgCanada](https://feedsoft.ai/events/10955-u-s-grains-corn-firms-as-rains-stall-planting-agcanada.md) | +0.1% | +6.9% |
| CORN | 2019-05-15 | [Grains jump on planting delays short-covering \| Saxo](https://feedsoft.ai/events/5740-grains-jump-on-planting-delays-short-covering-saxo.md) | +5.5% | +11.1% |
| CORN | 2023-01-23 | [Safrinha Corn Planting in Mato Grosso Off to a Slow Start](https://feedsoft.ai/events/13672-safrinha-corn-planting-in-mato-grosso-off-to-a-slow-start.md) | -0.4% | -0.6% |
| SOY | 2018-03-01 | [U.S. grains: Wheat, soybean futures rally - Manitoba Co-operator](https://feedsoft.ai/events/12431-u-s-grains-wheat-soybean-futures-rally-manitoba-co-operator.md) | +1.0% | -2.6% |
| SOY | 2017-08-14 | [The rain dilemma for U.S. corn, soybeans - Manitoba Co-operator](https://feedsoft.ai/events/69305-the-rain-dilemma-for-u-s-corn-soybeans-manitoba-co-operator.md) | +0.2% | +2.1% |
| SOY | 2018-05-18 | [GRAINS-U.S. wheat futures rally; corn, soy firm on hopes for export deal](https://feedsoft.ai/events/10916-grains-u-s-wheat-futures-rally-corn-soy-firm-on-hopes-for-export-deal.md) | +4.1% | -9.0% |

## Sources

- manitobacooperator.ca: https://www.manitobacooperator.ca/daily/u-s-grains-corn-soy-rally-as-slow-planting-pace-ignites-short-covering/

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