# Grain Markets Move Sharply Up or Down, Analyst Says

> Grain markets rallied to new highs in early May after planting delays from cold, wet soils in the US, then pulled back as weather improved. Brazil's central and southern regions are suffering drought that has hurt second-crop corn, with some rain forecast in the eight-to-14-day outlook.

- Date: 2018-05-08 · published 2018-05-08T12:00:00.000Z
- Category: weather · region Brazil · magnitude medium
- Page: https://feedsoft.ai/events/7883-grain-markets-move-sharply-up-or-down-analyst-says
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Sorghum](https://feedsoft.ai/c/SORGHUM.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Brazilian drought damage to safrinha corn supports corn prices and feed supplies, while improving US planting weather limits upside.

## Read by commodity

- CORN: bullish ▲
- WHEAT: neutral
- SORGHUM: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2021-05-05 | [?Perfect storm? for grain futures, market analyst says \| Iowa Agribusiness Radio Network](https://feedsoft.ai/events/11305-perfect-storm-for-grain-futures-market-analyst-says-iowa-agribusiness-radio.md) | +1.4% | -4.0% |
| CORN | 2017-05-20 | [GRAIN MARKETS: Cold and wet forecast for Midwest lifts corn](https://feedsoft.ai/events/10219-grain-markets-cold-and-wet-forecast-for-midwest-lifts-corn.md) | +1.0% | +2.3% |
| CORN | 2020-12-08 | [ANALYSIS: Ukraine's terminals compete as grain exports fall short - Fastmarkets](https://feedsoft.ai/events/49506-analysis-ukraine-s-terminals-compete-as-grain-exports-fall-short-fastmarkets.md) | +0.1% | +9.5% |
| CORN | 2017-06-09 | [Weather fears bolster grain markets against](https://feedsoft.ai/events/70424-weather-fears-bolster-grain-markets-against.md) | -1.0% | +0.3% |
| CORN | 2021-07-06 | [Weather, tight stocks dictate grain markets](https://feedsoft.ai/events/46120-weather-tight-stocks-dictate-grain-markets.md) | -1.9% | -12.4% |
| WHEAT | 2021-01-21 | [Analyst Insight: The Brazilian Safrinha crop could drive global grain markets \| AHDB](https://feedsoft.ai/events/48974-analyst-insight-the-brazilian-safrinha-crop-could-drive-global-grain-markets.md) | +4.0% | +2.4% |
| WHEAT | 2018-02-07 | [Grain prices: a week of downward movements -  Premium](https://feedsoft.ai/events/66560-grain-prices-a-week-of-downward-movements-premium.md) | +0.3% | +2.2% |
| WHEAT | 2018-01-19 | [GRAIN MARKETS: Soybeans step higher on South American weather](https://feedsoft.ai/events/12099-grain-markets-soybeans-step-higher-on-south-american-weather.md) | +2.8% | +6.0% |

## Sources

- agriculture.com: https://www.agriculture.com/markets/analysis/grain-markets-move-sharply-up-or-down-analyst-says

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