# Wheat leads crop markets lower as rain arrives in Kansas

> Wheat futures led crop markets lower on March 21, 2017 as forecast beneficial rain fell on Kansas and Oklahoma wheat fields. Wheat condition in those states declined slightly over the prior week due to dryness. Lower equity markets, pulled down by bank shares, also weighed on crops.

- Date: 2017-03-21 · published 2017-03-21T12:00:00.000Z
- Category: weather · region US · magnitude low
- Page: https://feedsoft.ai/events/10724-wheat-leads-crop-markets-lower-as-rain-arrives-in-kansas
- Commodities: [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Rain forecasts ease dryness concerns for Plains HRW wheat, reducing the weather premium and pushing prices lower. Feed wheat values face bearish pressure in the near term.

## Read by commodity

- WHEAT: bearish ▼
- KWHEAT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| KWHEAT | 2018-03-16 | [K.C. Wheat Tumbles, Rain Heads to Kansas](https://feedsoft.ai/events/8008-k-c-wheat-tumbles-rain-heads-to-kansas.md) | -8.3% | -3.5% |
| 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 | 2017-08-14 | [Wheat Markets Act as a Drag on Durum](https://feedsoft.ai/events/69501-wheat-markets-act-as-a-drag-on-durum.md) | -6.1% | -7.3% |
| KWHEAT | 2025-04-23 | [Grain market review: Wheat \| World Grain](https://feedsoft.ai/events/25158-grain-market-review-wheat-world-grain.md) | -5.6% | -1.8% |
| KWHEAT | 2017-03-20 | [GRAINS MARKETS: Crops unable to hold early gains, end lower](https://feedsoft.ai/events/10722-grains-markets-crops-unable-to-hold-early-gains-end-lower.md) | -5.6% | -8.2% |
| WHEAT | 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) | -0.5% | +0.3% |
| WHEAT | 2018-03-16 | [K.C. Wheat Tumbles, Rain Heads to Kansas](https://feedsoft.ai/events/8008-k-c-wheat-tumbles-rain-heads-to-kansas.md) | -1.0% | +0.2% |
| WHEAT | 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) | -7.7% | -7.7% |

## Sources

- farmprogress.com: https://www.farmprogress.com/marketing/wheat-leads-crop-markets-lower-as-rain-arrives-in-kansas

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