# Morning Market Review for May 7, 2019 - HighLine Grain Growers, Inc

> Grain futures recovered part of the previous day's sharp drop after new US tariff threats on China. Forecasts call for below-normal rainfall across most of the Corn Belt after the next week, while southern crop areas stay very wet. Many growers are still waiting for fields to dry before planting corn.

- Date: 2019-05-07 · published 2019-05-07T12:00:00.000Z
- Category: weather · region US · magnitude medium
- Page: https://feedsoft.ai/events/7492-morning-market-review-for-may-7-2019-highline-grain-growers-inc
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Corn planting delays and a drier outlook in the later forecast period support corn prices, while tariff uncertainty continues to weigh on wheat and soybeans.

## Read by commodity

- SOY: neutral
- CORN: bullish ▲
- WHEAT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 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% | +9.2% |
| CORN | 2021-05-14 | [Morning Market Review for May 14, 2021 - Morrow County Grain Growers](https://feedsoft.ai/events/12362-morning-market-review-for-may-14-2021-morrow-county-grain-growers.md) | -3.9% | +1.6% |
| CORN | 2019-05-24 | [Grain market week in review - May 24, 2019](https://feedsoft.ai/events/10897-grain-market-week-in-review-may-24-2019.md) | +7.1% | +10.0% |
| CORN | 2019-03-15 | [Grain market week in review - March 15, 2019](https://feedsoft.ai/events/6538-grain-market-week-in-review-march-15-2019.md) | +4.2% | -1.8% |
| CORN | 2024-05-03 | [Morning Highlights 5.3.24 - Larson Grain](https://feedsoft.ai/events/6451-morning-highlights-5-3-24-larson-grain.md) | -0.7% | +3.5% |
| WHEAT | 2025-04-23 | [Grain market review: Wheat \| World Grain](https://feedsoft.ai/events/25158-grain-market-review-wheat-world-grain.md) | -1.8% | -4.3% |
| WHEAT | 2019-05-06 | [Daily Market Wire 6 May 2019 - Grain Central](https://feedsoft.ai/events/7491-daily-market-wire-6-may-2019-grain-central.md) | -5.4% | -9.6% |
| WHEAT | 2019-04-23 | [Global Wheat Market Outlook For Australian Growers](https://feedsoft.ai/events/59641-global-wheat-market-outlook-for-australian-growers.md) | -4.2% | -0.6% |

## Sources

- highlinegrain.com: https://highlinegrain.com/story-morning-market-review-may-7-2019-22-189642

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