# Markets preparing for spring - Agweek | #1 source for agriculture news, farming, markets

> Agweek commentary on March 19, 2017 says wheat markets were pressured over the prior week, falling to their lowest since early February. USDA data showed little change in US supplies while global stocks rose on higher Argentine and Australian output. Attention is shifting to the upcoming Prospective Plantings report.

- Date: 2017-03-19 · published 2017-03-19T12:00:00.000Z
- Category: report · region US · magnitude low
- Page: https://feedsoft.ai/events/10725-markets-preparing-for-spring-agweek-1-source-for-agriculture-news-farming
- 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

Higher global wheat stocks from Argentina and Australia weigh on prices, and the coming Prospective Plantings report will set acreage expectations for corn, soybeans and spring wheat.

## Read by commodity

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

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| WHEAT | 2017-03-20 | 1 | -1.9% | -3.3 | Weekly commentary shows wheat already at lowest since early February with rising global stocks, setting a weak technical and fundamental backdrop for the selloff. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| 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 | 2020-06-07 | [Have the markets found a bottom? - Agweek \| #1 source for agriculture news, farming, markets](https://feedsoft.ai/events/9493-have-the-markets-found-a-bottom-agweek-1-source-for-agriculture-news-farming.md) | -0.3% | -6.4% |
| WHEAT | 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) | -0.4% | -3.9% |
| 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% |
| KWHEAT | 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) | +2.0% | +12.2% |
| KWHEAT | 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) | -0.6% | -11.6% |
| KWHEAT | 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) | -1.7% | -1.4% |

## Sources

- agweek.com: https://www.agweek.com/opinion/markets-preparing-for-spring

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