# Chicago wheat futures ease

> Chicago wheat futures eased on Tuesday after reaching their highest level since July, facing chart resistance. Unseasonable frosts in central and southern Russia and a cut in IKAR's Russian wheat crop forecast to 86 million tons kept supply concerns in focus.

- Date: 2024-05-15 · published 2024-05-15T12:00:00.000Z
- Category: weather · region Black Sea · magnitude medium
- Page: https://feedsoft.ai/events/10909-chicago-wheat-futures-ease
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Russian frost damage and crop cuts tighten global wheat supply, supporting prices. Traders' focus on the extent of losses keeps volatility high.

## Read by commodity

- WHEAT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2024-04-23 | [Chicago wheat futures extend gains - Markets - Business Recorder](https://feedsoft.ai/events/12141-chicago-wheat-futures-extend-gains-markets-business-recorder.md) | -1.3% | +22.1% |
| WHEAT | 2024-04-29 | [Wheat Futures Erasing Early-year Losses](https://feedsoft.ai/events/30783-wheat-futures-erasing-early-year-losses.md) | -1.8% | +21.1% |
| WHEAT | 2018-03-02 | [Wheat futures surge - Grain Central](https://feedsoft.ai/events/12430-wheat-futures-surge-grain-central.md) | +0.5% | -0.4% |
| WHEAT | 2018-07-31 | [Sharp rally for wheat futures \| VIC](https://feedsoft.ai/events/64074-sharp-rally-for-wheat-futures-vic.md) | +4.1% | +1.3% |
| WHEAT | 2026-01-28 | [Wheat Futures Jump to 8-Week High](https://feedsoft.ai/events/21097-wheat-futures-jump-to-8-week-high.md) | +0.6% | +4.2% |

## Sources

- brecorder.com: https://www.brecorder.com/news/40303446/chicago-wheat-futures-ease

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