# Weekly Grain Movement - May 16, 2016

> New-crop soybean sales surged after the USDA crop report pushed futures near $10.80 a bushel. New-crop corn sales were considerably lighter, and old-crop sales stayed light. Planting was ahead of the five-year average, with 75% of corn and 36% of soybeans planted.

- Date: 2016-05-16 · published 2016-05-16T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/6790-weekly-grain-movement-may-16-2016
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Heavy forward selling of new-crop soybeans can add harvest pressure later in the year, while early planting progress points to a normal crop. Price effects are likely limited for now.

## Read by commodity

- SOY: neutral
- CORN: neutral

## Sources

- farmprogress.com: https://www.farmprogress.com/soybean/weekly-grain-movement-may-16-2016

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