# News Archives for Markets - 2019-06-03 - Business Recorder

> US spot soybean basis weakened in the Midwest while corn basis was mixed. ICE canola fell, ending a six-day winning streak on wetter Canadian weather, and CBOT wheat rallied on harvest-risk concerns while corn and soybeans dipped.

- Date: 2019-06-03 · published 2019-06-03T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/8683-news-archives-for-markets-2019-06-03-business-recorder
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Routine cross-market moves reflect shifting weather outlooks. Wheat is supported by harvest risk, while corn, soy and canola face pressure from planting progress uncertainty.

## Read by commodity

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

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| WHEAT | 2019-06-03 | 1 | +6.6% | 3.8 | Same-day report says CBOT wheat rallied on harvest-risk concerns while corn and soybeans dipped, pointing to a wheat-specific supply driver. |

## Sources

- brecorder.com: https://www.brecorder.com/markets/commodities/2019-06-03

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