# Weather boosts wheat futures - Doug Niven FRAgS

> November new-crop UK feed wheat futures hit a five-month closing high of £123.50 a tonne after weather issues. French crops were downgraded by 2 to 5 per cent in one week over fusarium fears. Russia is forecast to produce 61.1 million tonnes of wheat and to be an aggressive exporter.

- Date: 2016-06-21 · published 2016-06-21T12:00:00.000Z
- Category: weather · region Europe · magnitude medium
- Page: https://feedsoft.ai/events/10756-weather-boosts-wheat-futures-doug-niven-frags
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Barley](https://feedsoft.ai/c/BARLEY.md)

## Why it matters

Crop downgrades in France support European feed wheat prices, but a large Russian crop and export push limit the rally. The price carry from old to new crop encourages farmers to store grain.

## Read by commodity

- WHEAT: bullish ▲
- BARLEY: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2016-07-14 | [Bullish weather outlook drives futures higher](https://feedsoft.ai/events/4943-bullish-weather-outlook-drives-futures-higher.md) | +0.7% | +1.0% |
| WHEAT | 2024-04-23 | [Higher Wheat Futures on Weather - ADM Investor Services](https://feedsoft.ai/events/12143-higher-wheat-futures-on-weather-adm-investor-services.md) | -1.3% | +22.1% |
| WHEAT | 2019-06-17 | [Wet weather in US pushes up wheat futures \| Farm Online \| ACT](https://feedsoft.ai/events/58618-wet-weather-in-us-pushes-up-wheat-futures-farm-online-act.md) | -6.1% | -8.7% |
| 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 | 2024-05-15 | [Chicago wheat futures ease](https://feedsoft.ai/events/10909-chicago-wheat-futures-ease.md) | +19.6% | +8.8% |

## Sources

- dougniven.co.uk: https://dougniven.co.uk/weather-boosts-wheat-futures/

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