# News Archives for Markets - 2019-05-28 - Business Recorder

> US corn futures rose 4.1% to near three-year highs after persistent rains delayed planting. Soybeans, wheat and canola also rallied on US planting and growing concerns. Argentina's soy crushing was expected to fall up to 15% as the US-China trade war rerouted cargoes.

- Date: 2019-05-28 · published 2019-05-28T12:00:00.000Z
- Category: weather · region US · magnitude high
- Page: https://feedsoft.ai/events/8254-news-archives-for-markets-2019-05-28-business-recorder
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Canola Meal](https://feedsoft.ai/c/CANMEAL.md)

## Why it matters

Planting delays threaten US acreage and yields, tightening corn, soybean and wheat supplies and lifting feed grain costs. Lower Argentine crush reduces meal output, supporting protein prices.

## Read by commodity

- SOY: bullish ▲
- CORN: bullish ▲
- WHEAT: bullish ▲
- CANMEAL: bullish ▲

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| SOY | 2019-05-27 | 1 | +3.2% | 3.6 | On May 28 Business Recorder reported soybeans rallying with corn on persistent rains delaying US planting, which is the likely driver of the sharp move after the May 27 close. |
| SOY | 2019-05-29 | 5 | +8.2% | 3.9 | May 28 rally in corn, soybeans and wheat on persistent rain and planting delays added to supply fears. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2019-05-20 | [News Archives for Markets - 2019-05-20 - Business Recorder](https://feedsoft.ai/events/5633-news-archives-for-markets-2019-05-20-business-recorder.md) | +3.2% | +10.8% |
| CORN | 2021-02-16 | [US MIDDAY: Wheat climbs - Markets - Business Recorder](https://feedsoft.ai/events/9256-us-midday-wheat-climbs-markets-business-recorder.md) | +1.5% | -3.8% |
| CORN | 2019-05-30 | [Middle East Africa Commodities - Markets - Business Recorder](https://feedsoft.ai/events/59174-middle-east-africa-commodities-markets-business-recorder.md) | -0.9% | +6.0% |
| CORN | 2024-04-23 | [Chicago wheat futures extend gains - Markets - Business Recorder](https://feedsoft.ai/events/12141-chicago-wheat-futures-extend-gains-markets-business-recorder.md) | -0.1% | +4.1% |
| CORN | 2022-02-11 | [Soybeans set for 4th weekly gain on South American crop woes - Markets - Business Recorder](https://feedsoft.ai/events/42735-soybeans-set-for-4th-weekly-gain-on-south-american-crop-woes-markets-business.md) | +0.7% | +14.4% |
| SOY | 2019-05-20 | [News Archives for Markets - 2019-05-20 - Business Recorder](https://feedsoft.ai/events/5633-news-archives-for-markets-2019-05-20-business-recorder.md) | +1.0% | +11.1% |
| SOY | 2022-07-31 | [CBOT soyabean futures rally - Markets - Business Recorder](https://feedsoft.ai/events/40515-cbot-soyabean-futures-rally-markets-business-recorder.md) | -1.4% | -1.9% |
| SOY | 2020-07-11 | [CBOT soyabean futures higher - Markets - Business Recorder](https://feedsoft.ai/events/11496-cbot-soyabean-futures-higher-markets-business-recorder.md) | +0.7% | -2.4% |

## Sources

- brecorder.com: https://www.brecorder.com/markets/commodities/2019-05-28

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