# Grains Posting Modest Gains in Overnight Reversal

> Grain futures rose sharply overnight, with corn reaching 12-month highs and soybeans and wheat at multi-month highs. Analysts cited dire balance sheets and talk of demand rationing near 1 billion bushels. Producer selling had slowed, and speculators still held large net short positions.

- Date: 2019-05-30 · published 2019-05-30T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/6688-grains-posting-modest-gains-in-overnight-reversal
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md)

## Why it matters

Demand rationing estimates point to tight supplies, which supports higher prices. Large net short positions could add to the upward move if weather or data turn bullish.

## Read by commodity

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

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| KWHEAT | 2019-05-29 | 1 | +5.7% | 3.5 | It describes an overnight surge in grains with wheat at multi-month highs and large speculative short positions, which implies short-covering, but it is dated May 30, after the move, so it is likely a continuation of the same rally. |

## Sources

- dtnpf.com: https://www.dtnpf.com/agriculture/web/ag/news/article/2019/05/30/grains-posting-modest-gains-reversal

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