# U.S. grains: CBOT wheat drops as Kansas tour projects above-average crop - Grainews

> CBOT wheat futures fell on Friday after a Kansas crop tour projected above-average winter wheat yields, with the tour estimating yield potential at 46.5 bushels per acre, the highest since 2021. Corn also closed lower on improving U.S. weather forecasts, while soybeans rose on concern about flood damage in southern Brazil.

- Date: 2024-05-17 · published 2024-05-17T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/10907-u-s-grains-cbot-wheat-drops-as-kansas-tour-projects-above-average-crop-grainews
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

A larger-than-expected Kansas HRW crop eases supply worries and pressures wheat and feed-grain prices. Better U.S. weather lowers the risk premium in corn.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2021-06-08 | [Australia winter wheat crop estimate above average  \| World Grain](https://feedsoft.ai/events/46544-australia-winter-wheat-crop-estimate-above-average-world-grain.md) | +6.1% | -4.4% |
| WHEAT | 2023-08-25 | [French soft wheat crop shows above-average protein -FranceAgriMer](https://feedsoft.ai/events/34516-french-soft-wheat-crop-shows-above-average-protein-franceagrimer.md) | -4.8% | -2.3% |
| WHEAT | 2017-08-11 | [U.S. grains: Wheat falls; corn, soy firm - Grainews](https://feedsoft.ai/events/69495-u-s-grains-wheat-falls-corn-soy-firm-grainews.md) | +0.3% | -0.2% |
| WHEAT | 2026-07-22 | [CSIRO predicts well above average national wheat yield](https://feedsoft.ai/events/18309-csiro-predicts-well-above-average-national-wheat-yield.md) | -1.8% | +2.5% |
| WHEAT | 2019-08-27 | [U.S. grains: Soy slumps on improved crop rating - Grainews](https://feedsoft.ai/events/57605-u-s-grains-soy-slumps-on-improved-crop-rating-grainews.md) | -3.4% | +0.7% |
| KWHEAT | 2017-07-12 | [Corn, winter wheat drag grains lower, as US supply](https://feedsoft.ai/events/69892-corn-winter-wheat-drag-grains-lower-as-us-supply.md) | -7.1% | -14.9% |
| KWHEAT | 2019-05-24 | [USDA WASDE predicts $4.70 average wheat price](https://feedsoft.ai/events/59127-usda-wasde-predicts-4-70-average-wheat-price.md) | +11.2% | +6.4% |
| KWHEAT | 2026-01-15 | [USDA raises projections for US, global wheat ending stocks \| World Grain](https://feedsoft.ai/events/21103-usda-raises-projections-for-us-global-wheat-ending-stocks-world-grain.md) | +0.7% | +6.1% |

## Sources

- grainews.ca: https://www.grainews.ca/daily/u-s-grains-cbot-wheat-drops-as-kansas-tour-projects-above-average-crop/

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