# U.S. grains: Wheat prices bounce after steep losses - Manitoba Co-operator

> CBOT May wheat settled up 2-1/4 cents at $4.53 a bushel after dipping to $4.50, its lowest since Jan. 26, following a 3.6 percent drop on Monday. K.C. May hard red winter wheat ended down 1/4 cent at $4.70, while soybeans and corn were little changed. Weekend rains on the drought-hit Plains offered some relief to the winter wheat crop.

- Date: 2018-03-20 · published 2018-03-20T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/10379-u-s-grains-wheat-prices-bounce-after-steep-losses-manitoba-co-operator
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md)

## Why it matters

The move is a routine bounce after steep losses, with buyers cautious because rain may help the Plains wheat crop recover. Feed wheat prices are likely to stay range-bound until crop condition data gives a clearer direction.

## Read by commodity

- WHEAT: neutral
- KWHEAT: neutral

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| KWHEAT | 2018-03-18 | 1 | -5.9% | -4.0 | Confirms the steep Monday drop (CBOT -3.6%) and links it to weekend Plains rains easing drought concerns, though it is a next-day recap. |

## Sources

- manitobacooperator.ca: https://www.manitobacooperator.ca/daily/u-s-grains-wheat-prices-bounce-after-steep-losses/

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