# International grain markets catch fire | Farm Online | ACT

> International grain futures rallied in recent weeks as saturated fields in the US Midwest delayed planting. US corn reached a three-year high and soybeans rose despite trade war concerns. ASX January 2020 wheat futures spiked to A$359 a tonne amid dry conditions in Western Australia.

- Date: 2019-05-30 · published 2019-05-30T12:00:00.000Z
- Category: weather · region Global · magnitude medium
- Page: https://feedsoft.ai/events/8255-international-grain-markets-catch-fire-farm-online-act
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Waterlogged US fields and a possible switch from corn to soybean planting threaten yields and tighten feed grain supplies. Dry Australian conditions add to upward pressure on wheat prices.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2026-08-26 | [Global corn market surges, driven by US, Europe crop concerns \| Farm Online \| ACT](https://feedsoft.ai/events/12348-global-corn-market-surges-driven-by-us-europe-crop-concerns-farm-online-act.md) | +3.3% | +5.7% |
| CORN | 2019-05-14 | [Weather, China, carryout = grim grain markets - Farm and Dairy](https://feedsoft.ai/events/5737-weather-china-carryout-grim-grain-markets-farm-and-dairy.md) | +7.0% | +11.7% |
| CORN | 2020-07-20 | [Grain Market Update 21st July - Irish Farmers' Association](https://feedsoft.ai/events/6207-grain-market-update-21st-july-irish-farmers-association.md) | -1.2% | -0.3% |
| CORN | 2022-07-29 | [Grain Market Update 29th July - Irish Farmers' Association](https://feedsoft.ai/events/11487-grain-market-update-29th-july-irish-farmers-association.md) | +2.4% | +3.2% |
| CORN | 2020-12-03 | [Strong grain prices set to continue until at least mid-2021 \| Farm Online \| ACT](https://feedsoft.ai/events/5273-strong-grain-prices-set-to-continue-until-at-least-mid-2021-farm-online-act.md) | +0.0% | +3.9% |
| SOY | 2020-12-03 | [Strong grain prices set to continue until at least mid-2021 \| Farm Online \| ACT](https://feedsoft.ai/events/5273-strong-grain-prices-set-to-continue-until-at-least-mid-2021-farm-online-act.md) | +0.5% | +14.1% |
| SOY | 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) | +6.1% | +9.9% |
| SOY | 2018-02-28 | [Daily market wire 2 March 2018 - Grain Central](https://feedsoft.ai/events/12436-daily-market-wire-2-march-2018-grain-central.md) | +2.6% | -1.8% |

## Sources

- farmonline.com.au: https://www.farmonline.com.au/story/6191644/international-grain-markets-catch-fire/

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