# Corn, Soy Pare Sharp Overnight Gains, Wheat Crumbles

> Corn planting was 67% complete as of June 2, below the trade estimate of 71% and far behind last year's 96%. Corn rallied before retreating at resistance near $4.38 for July and $4.54 for December, while wheat fell.

- Date: 2019-06-04 · published 2019-06-04T12:00:00.000Z
- Category: weather · region US · magnitude medium
- Page: https://feedsoft.ai/events/8685-corn-soy-pare-sharp-overnight-gains-wheat-crumbles
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Planting delays of this scale threaten yield and raise the odds of a corn supply shortfall, supporting feed grain prices. Wheat weakness suggests traders see less weather risk there.

## Read by commodity

- CORN: bullish ▲
- WHEAT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2019-05-30 | [U.S. grains: Wheat, corn, soy rally on weather woes - Grainews](https://feedsoft.ai/events/9307-u-s-grains-wheat-corn-soy-rally-on-weather-woes-grainews.md) | -0.9% | +6.0% |
| CORN | 2026-08-31 | [Corn sees slight gains as wheat takes profits - Brownfield Ag News](https://feedsoft.ai/events/17940-corn-sees-slight-gains-as-wheat-takes-profits-brownfield-ag-news.md) | -0.3% | +2.6% |
| CORN | 2023-05-29 | [Corn, Soybeans and Wheat in the Grips of Drought - AgWeb](https://feedsoft.ai/events/13276-corn-soybeans-and-wheat-in-the-grips-of-drought-agweb.md) | -4.6% | -4.0% |
| CORN | 2024-05-04 | [Corn hits 3-month high; soy, wheat climb on global crop weather woes](https://feedsoft.ai/events/6453-corn-hits-3-month-high-soy-wheat-climb-on-global-crop-weather-woes.md) | +1.8% | +3.9% |
| CORN | 2018-05-18 | [GRAINS-U.S. wheat futures rally; corn, soy firm on hopes for export deal](https://feedsoft.ai/events/10916-grains-u-s-wheat-futures-rally-corn-soy-firm-on-hopes-for-export-deal.md) | +1.3% | -5.6% |
| WHEAT | 2018-03-19 | [U.S. grains: Wheat tumbles as rains cross drought-hit Plains - Grainews](https://feedsoft.ai/events/8007-u-s-grains-wheat-tumbles-as-rains-cross-drought-hit-plains-grainews.md) | -0.5% | +3.6% |
| WHEAT | 2021-06-17 | [GRAINS-Corn drops over 2% on U.S. weather outlook; soy, wheat also down \| CNBC Africa](https://feedsoft.ai/events/7308-grains-corn-drops-over-2-on-u-s-weather-outlook-soy-wheat-also-down-cnbc-africa.md) | -7.8% | -12.3% |
| WHEAT | 2019-05-20 | [EU Wheat In Good Shape After Rain Eases Concerns Over Dry Spring \| Checkout](https://feedsoft.ai/events/59022-eu-wheat-in-good-shape-after-rain-eases-concerns-over-dry-spring-checkout.md) | +10.5% | +9.7% |

## Sources

- dtnpf.com: https://www.dtnpf.com/agriculture/web/ag/news/article/2019/06/04/corn-soy-pare-sharp-overnight-gains

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