# GRAINS-Wheat rallies as weather worries return, soy steady after slide

> Reuters reports on May 17, 2018 that CBOT wheat rose about 1.9% to $5.03-3/4 and Kansas HRW wheat rose 2.3%, after weather concerns returned over US Plains drought, dryness in Australia and Russia, and rain delays to US planting. Soybeans steadied after a near two-week low on Chinese demand fears, and corn ticked up.

- Date: 2018-05-17 · published 2018-05-17T12:00:00.000Z
- Category: weather · region Global · magnitude medium
- Page: https://feedsoft.ai/events/10237-grains-wheat-rallies-as-weather-worries-return-soy-steady-after-slide
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md), [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Drought in major wheat exporters tightens global wheat supply and supports feed wheat substitution costs. Soybeans stay pressured by trade-related demand uncertainty, limiting protein price gains.

## Read by commodity

- SOY: neutral
- CORN: bullish ▲
- WHEAT: bullish ▲
- KWHEAT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2024-09-25 | [U.S. grains: Wheat turns higher on Russia weather worries; soy, corn also rally - Grainews](https://feedsoft.ai/events/5609-u-s-grains-wheat-turns-higher-on-russia-weather-worries-soy-corn-also-rally.md) | +0.9% | -6.0% |
| WHEAT | 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) | +9.6% | +16.2% |
| WHEAT | 2018-05-17 | [GRAINS-U.S. wheat futures rise on world weather woes, corn; soy flat](https://feedsoft.ai/events/10915-grains-u-s-wheat-futures-rise-on-world-weather-woes-corn-soy-flat.md) | +4.3% | +3.0% |
| WHEAT | 2021-07-14 | [U.S. grains: Corn, soybeans up on weather worries - AgCanada](https://feedsoft.ai/events/45918-u-s-grains-corn-soybeans-up-on-weather-worries-agcanada.md) | +1.5% | +0.1% |
| WHEAT | 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) | +3.2% | -2.8% |
| KWHEAT | 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) | +20.6% | +4.0% |
| KWHEAT | 2024-04-22 | [U.S. grains: Wheat futures rally as weather risks rattle markets - AgCanada](https://feedsoft.ai/events/12140-u-s-grains-wheat-futures-rally-as-weather-risks-rattle-markets-agcanada.md) | +11.1% | +13.8% |
| KWHEAT | 2022-09-14 | [Keeping an eye on wheat weather \| World Grain](https://feedsoft.ai/events/39520-keeping-an-eye-on-wheat-weather-world-grain.md) | +2.0% | +5.0% |

## Sources

- cnbc.com: https://www.cnbc.com/2018/05/17/reuters-america-grains-wheat-rallies-as-weather-worries-return-soy-steady-after-slide.html

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