# GRAINS MARKETS: Crops unable to hold early gains, end lower

> Corn, soybeans and wheat all ended lower on March 20, 2017 after failing to hold early gains. Hard red winter wheat was pressured as rain was forecast for key Plains production areas. CFTC data showed hedge funds turning bearish, with funds net short corn and reducing soybean longs.

- Date: 2017-03-20 · published 2017-03-20T12:00:00.000Z
- Category: weather · region US · magnitude low
- Page: https://feedsoft.ai/events/10722-grains-markets-crops-unable-to-hold-early-gains-end-lower
- Commodities: [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md), [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Forecast rain in the Plains eases drought concerns for HRW wheat, and fund selling adds downward pressure on prices. Feed buyers may see softer corn, soybean and wheat values in the near term.

## Read by commodity

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

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| WHEAT | 2017-03-20 | 1 | -1.9% | -3.3 | Same-day report: grains failed to hold early gains, rain forecast for Plains pressured wheat, and funds turned bearish, directly explaining the drop. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| KWHEAT | 2017-03-21 | [Wheat leads crop markets lower as rain arrives in Kansas](https://feedsoft.ai/events/10724-wheat-leads-crop-markets-lower-as-rain-arrives-in-kansas.md) | -5.4% | -5.8% |
| KWHEAT | 2016-06-27 | [Grain slides on global markets tumble​ \| Queensland Country Life \| QLD](https://feedsoft.ai/events/11729-grain-slides-on-global-markets-tumble-queensland-country-life-qld.md) | -6.7% | +0.1% |
| KWHEAT | 2022-05-02 | [Grain markets close mostly lower in very volatile day of trade. Monday, May 2, 2022 03.05.2022 - UkrAgroConsult](https://feedsoft.ai/events/5841-grain-markets-close-mostly-lower-in-very-volatile-day-of-trade-monday-may-2.md) | +5.9% | +12.9% |
| KWHEAT | 2024-03-06 | [Grain Markets: Can We Expect a Rally in Wheat, Corn, and Soybeans Anytime Soon?](https://feedsoft.ai/events/7304-grain-markets-can-we-expect-a-rally-in-wheat-corn-and-soybeans-anytime-soon.md) | +5.4% | -1.9% |
| KWHEAT | 2026-06-26 | [OSU’s Todd Hubbs says Favorable Weather and Heavy Supplies Stifle Grain Markets - Oklahoma Farm Report](https://feedsoft.ai/events/11700-osu-s-todd-hubbs-says-favorable-weather-and-heavy-supplies-stifle-grain-markets.md) | +1.0% | +20.1% |
| CORN | 2017-06-12 | [GRAIN MARKETS: Crops tumble as rain moves in](https://feedsoft.ai/events/70423-grain-markets-crops-tumble-as-rain-moves-in.md) | -0.6% | +2.1% |
| CORN | 2026-06-05 | [Crops Analysis \| Grains, soy mark hefty weekly losses - Pro Farmer](https://feedsoft.ai/events/5199-crops-analysis-grains-soy-mark-hefty-weekly-losses-pro-farmer.md) | -2.6% | -1.2% |
| CORN | 2022-12-19 | [EU grains harvest in 2023 to recover nearly all lost ground, despite early test from cold - Grain Price News](https://feedsoft.ai/events/38167-eu-grains-harvest-in-2023-to-recover-nearly-all-lost-ground-despite-early-test.md) | +1.3% | +2.9% |

## Sources

- feedstuffs.com: https://www.feedstuffs.com/grain-market-news/grains-markets-crops-unable-to-hold-early-gains-end-lower

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