# U.S. grains: Futures plummet on Midwest weather, profit-taking - Grainews

> US grain futures fell sharply on Wednesday as rain-damage fears eased and warmer forecasts opened a planting window for soybeans. Wheat hit near a one-week low on profit-taking, while corn was pressured by a possible US-Mexico tariff fight that Mexico has not yet targeted at corn.

- Date: 2019-06-05 · published 2019-06-05T12:00:00.000Z
- Category: weather · region US · magnitude medium
- Page: https://feedsoft.ai/events/8688-u-s-grains-futures-plummet-on-midwest-weather-profit-taking-grainews
- 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

Easing weather risk removes the premium that had supported grain prices, and profit-taking adds to the decline. Possible Mexican retaliation against US corn remains a downside risk for feed demand.

## Read by commodity

- SOY: bearish ▼
- CORN: bearish ▼
- WHEAT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2025-11-12 | [Weather having impact on wheat futures, supply \| World Grain](https://feedsoft.ai/events/21894-weather-having-impact-on-wheat-futures-supply-world-grain.md) | +2.1% | +0.9% |
| WHEAT | 2023-10-30 | [U.S. grains: South America rains push soy futures down - Grainews](https://feedsoft.ai/events/33658-u-s-grains-south-america-rains-push-soy-futures-down-grainews.md) | +2.3% | +0.4% |
| WHEAT | 2019-04-03 | [U.S. grains: Improving weather view weighs on wheat - AgCanada](https://feedsoft.ai/events/59643-u-s-grains-improving-weather-view-weighs-on-wheat-agcanada.md) | +3.3% | -2.9% |
| WHEAT | 2025-04-29 | [U.S. grains: Chicago grains, soy futures drop as U.S. planting pace accelerates - Grainews](https://feedsoft.ai/events/11121-u-s-grains-chicago-grains-soy-futures-drop-as-u-s-planting-pace-accelerates.md) | +2.1% | -2.8% |
| WHEAT | 2018-02-08 | [U.S. grains: Soybeans hit one-week top - Grainews](https://feedsoft.ai/events/10007-u-s-grains-soybeans-hit-one-week-top-grainews.md) | -0.5% | +1.3% |
| CORN | 2017-06-28 | [U.S. grains: Spring wheat futures top US$7 on weather worries - Grainews](https://feedsoft.ai/events/70514-u-s-grains-spring-wheat-futures-top-us-7-on-weather-worries-grainews.md) | +5.6% | +3.0% |
| CORN | 2021-08-26 | [U.S. grains: Corn, soy fall as Midwest rains benefit crops - Grainews](https://feedsoft.ai/events/45594-u-s-grains-corn-soy-fall-as-midwest-rains-benefit-crops-grainews.md) | -4.6% | -11.0% |
| CORN | 2024-07-10 | [U.S. grains: Soy futures fall to 2020 low on strong US crop prospects](https://feedsoft.ai/events/11196-u-s-grains-soy-futures-fall-to-2020-low-on-strong-us-crop-prospects.md) | -0.8% | -0.3% |

## Sources

- grainews.ca: https://www.grainews.ca/daily/u-s-grains-futures-plummet-on-midwest-weather-profit-taking/

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