# Daily Market Wire 6 May 2019 - Grain Central

> Chicago, Kansas and Minneapolis wheat all fell on May 6, while Chicago corn rose slightly. Excessive moisture persists across the Spring and Soft Red Winter wheat and corn belts, with more rain and cold temperatures forecast through mid-May. Heavy rain is also forecast for Texas, where most of the wheat crop is heading and faces quality risk.

- Date: 2019-05-06 · published 2019-05-06T12:00:00.000Z
- Category: weather · region US · magnitude medium
- Page: https://feedsoft.ai/events/7491-daily-market-wire-6-may-2019-grain-central
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Wet weather delays corn planting and threatens wheat quality and yield, which supports corn prices and raises the risk of a national yield loss.

## Read by commodity

- CORN: bullish ▲
- WHEAT: bearish ▼
- KWHEAT: bearish ▼

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| WHEAT | 2019-05-06 | 1 | -5.1% | -4.2 | It confirms Chicago, Kansas and Minneapolis wheat all fell on May 6; the wet-weather crop risk it describes would normally be supportive, so it mainly documents the drop rather than explaining it. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2017-03-21 | [Daily market wire 22 March 2017 - Grain Central](https://feedsoft.ai/events/10723-daily-market-wire-22-march-2017-grain-central.md) | +1.9% | +1.9% |
| WHEAT | 2019-11-05 | [Barley market awaits China news - Grain Central](https://feedsoft.ai/events/55973-barley-market-awaits-china-news-grain-central.md) | +3.0% | +7.4% |
| WHEAT | 2024-02-08 | [La Niña in 2024 could drive grain prices: Grain market daily \| AHDB](https://feedsoft.ai/events/31588-la-nina-in-2024-could-drive-grain-prices-grain-market-daily-ahdb.md) | -4.2% | -1.8% |
| WHEAT | 2020-11-24 | [Improved situation for EU winter cereal crops: Grain market daily \| AHDB](https://feedsoft.ai/events/50097-improved-situation-for-eu-winter-cereal-crops-grain-market-daily-ahdb.md) | -1.0% | +8.3% |
| WHEAT | 2019-06-13 | [Feedgrain Focus: Diverging seasons split wheat, barley market - Grain Central](https://feedsoft.ai/events/58668-feedgrain-focus-diverging-seasons-split-wheat-barley-market-grain-central.md) | -5.8% | -8.1% |
| KWHEAT | 2017-03-21 | [Daily market wire 22 March 2017 - Grain Central](https://feedsoft.ai/events/10723-daily-market-wire-22-march-2017-grain-central.md) | -5.4% | -5.8% |
| KWHEAT | 2019-05-22 | [Afternoon Market Recap for May 24, 2019 - HighLine Grain Growers, Inc](https://feedsoft.ai/events/5437-afternoon-market-recap-for-may-24-2019-highline-grain-growers-inc.md) | +4.0% | +4.9% |
| KWHEAT | 2025-04-23 | [Grain market review: Wheat \| World Grain](https://feedsoft.ai/events/25158-grain-market-review-wheat-world-grain.md) | -5.6% | -1.8% |

## Sources

- graincentral.com: https://www.graincentral.com/markets/daily-market-wire-6-may-2019/

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