# Have the markets found a bottom? - Agweek | #1 source for agriculture news, farming, markets

> The June 1 Crop Progress report showed spring wheat planting at 91% complete and winter wheat at 51% good/excellent, with spring wheat ratings at 80% good/excellent. Corn planting was 93% complete, slightly behind expectations, and corn condition rated 74% good/excellent.

- Date: 2020-06-07 · published 2020-06-07T12:00:00.000Z
- Category: report · region US · magnitude low
- Page: https://feedsoft.ai/events/9493-have-the-markets-found-a-bottom-agweek-1-source-for-agriculture-news-farming
- 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

Crop ratings above expectations for spring wheat and corn point to ample near-term supply, which tends to weigh on grain prices unless weather turns.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2017-03-19 | [Markets preparing for spring - Agweek \| #1 source for agriculture news, farming, markets](https://feedsoft.ai/events/10725-markets-preparing-for-spring-agweek-1-source-for-agriculture-news-farming.md) | -2.8% | -0.8% |
| WHEAT | 2017-08-26 | [New contract lows - Agweek \| #1 source for agriculture news, farming, markets](https://feedsoft.ai/events/69471-new-contract-lows-agweek-1-source-for-agriculture-news-farming-markets.md) | +3.6% | +7.1% |
| WHEAT | 2017-07-16 | [Supply report hurts markets - Agweek \| #1 source for agriculture news, farming, markets](https://feedsoft.ai/events/69893-supply-report-hurts-markets-agweek-1-source-for-agriculture-news-farming-markets.md) | -1.0% | -1.4% |
| WHEAT | 2019-10-13 | [USDA's estimates baffle the trade - Agweek \| #1 source for agriculture news, farming, markets](https://feedsoft.ai/events/56501-usda-s-estimates-baffle-the-trade-agweek-1-source-for-agriculture-news-farming.md) | +4.5% | +1.5% |
| WHEAT | 2020-05-17 | [WASDE not as bad as expected, for now - Agweek \| #1 source for agriculture news, farming, markets](https://feedsoft.ai/events/53062-wasde-not-as-bad-as-expected-for-now-agweek-1-source-for-agriculture-news.md) | +0.6% | +1.2% |
| CORN | 2021-03-12 | [Market shows what happens when the bulls don't get fed - Agweek \| #1 source for agriculture news, farming, markets](https://feedsoft.ai/events/5124-market-shows-what-happens-when-the-bulls-don-t-get-fed-agweek-1-source-for.md) | -9.6% | +2.3% |
| CORN | 2017-10-15 | [WASDE Report surprises soybean market - Agweek \| #1 source for agriculture news, farming, markets](https://feedsoft.ai/events/68415-wasde-report-surprises-soybean-market-agweek-1-source-for-agriculture-news.md) | -1.9% | -5.7% |
| CORN | 2020-07-10 | [July WASDE report gets bearish reaction - Agweek \| #1 source for agriculture news, farming, markets](https://feedsoft.ai/events/5364-july-wasde-report-gets-bearish-reaction-agweek-1-source-for-agriculture-news.md) | -4.9% | -7.5% |

## Sources

- agweek.com: https://www.agweek.com/business/have-the-markets-found-a-bottom

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