# CBOT weekly outlook: Factors come together to boost prices - Manitoba Co-operator

> Grain futures climbed after delayed planting was confirmed and more wet weather was forecast for the U.S. Midwest. Analysts also said fund short positions were being unwound, while USDA data showed large global soybean supplies.

- Date: 2019-05-15 · published 2019-05-15T12:00:00.000Z
- Category: weather · region US · magnitude medium
- Page: https://feedsoft.ai/events/6667-cbot-weekly-outlook-factors-come-together-to-boost-prices-manitoba-co-operator
- 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

Wet weather delaying planting raises the risk to yields and supports corn, soybean and wheat prices, though large global stocks limit the upside for soybeans.

## Read by commodity

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

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| WHEAT | 2019-05-20 | 1 | +6.6% | 6.1 | Fund short unwinding and wet forecasts in the prior week set up positioning for a sharp rebound. |

## 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 | 2021-04-20 | [What to look out for in northern market \| Farm Weekly \| WA](https://feedsoft.ai/events/47560-what-to-look-out-for-in-northern-market-farm-weekly-wa.md) | +14.8% | +12.7% |
| CORN | 2019-11-20 | [Livestock farmers advised to fix feed costs as prices rise - Farmers Weekly](https://feedsoft.ai/events/56182-livestock-farmers-advised-to-fix-feed-costs-as-prices-rise-farmers-weekly.md) | -0.2% | +1.6% |
| CORN | 2022-05-23 | [Weather boosts rally price targets](https://feedsoft.ai/events/13361-weather-boosts-rally-price-targets.md) | +0.0% | -1.2% |
| 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 | 2017-10-19 | [CBOT weekly outlook: Corn, soy steady as attention turns to South America - AgCanada](https://feedsoft.ai/events/68492-cbot-weekly-outlook-corn-soy-steady-as-attention-turns-to-south-america-agcanada.md) | -0.9% | -0.8% |

## Sources

- manitobacooperator.ca: https://www.manitobacooperator.ca/daily/cbot-weekly-outlook-factors-come-together-to-boost-prices/

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