# GRAINS-U.S. wheat futures rise on world weather woes, corn; soy flat

> CBOT soft red winter wheat rallied for a third straight session on concerns that adverse weather would cut crops in key growing regions. Dryness was reported in Australia and Russia, major wheat exporters. Corn and soybean futures were roughly unchanged as traders assessed Midwest planting rains.

- Date: 2018-05-17 · published 2018-05-17T12:00:00.000Z
- Category: weather · region Global · magnitude medium
- Page: https://feedsoft.ai/events/10915-grains-u-s-wheat-futures-rise-on-world-weather-woes-corn-soy-flat
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Dryness in major wheat exporters tightens expected global supplies and supports wheat prices. Feed-grain prices are less affected since corn and soy were flat.

## Read by commodity

- WHEAT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2019-05-30 | [U.S. grains: Wheat, corn, soy rally on weather woes - Grainews](https://feedsoft.ai/events/9307-u-s-grains-wheat-corn-soy-rally-on-weather-woes-grainews.md) | +9.6% | +16.2% |
| WHEAT | 2024-05-06 | [U.S. grains: Wheat, soy, corn futures extend surge on volatile global weather - AgCanada](https://feedsoft.ai/events/11627-u-s-grains-wheat-soy-corn-futures-extend-surge-on-volatile-global-weather.md) | +2.2% | +13.7% |
| WHEAT | 2017-06-28 | [U.S. grains: Spring wheat futures top US$7 on weather worries - Grainews](https://feedsoft.ai/events/70514-u-s-grains-spring-wheat-futures-top-us-7-on-weather-worries-grainews.md) | +3.2% | -2.8% |
| WHEAT | 2024-09-25 | [U.S. grains: Wheat turns higher on Russia weather worries; soy, corn also rally - Grainews](https://feedsoft.ai/events/5609-u-s-grains-wheat-turns-higher-on-russia-weather-worries-soy-corn-also-rally.md) | +0.9% | -6.0% |
| WHEAT | 2018-05-18 | [GRAINS-U.S. wheat futures rally; corn, soy firm on hopes for export deal](https://feedsoft.ai/events/10916-grains-u-s-wheat-futures-rally-corn-soy-firm-on-hopes-for-export-deal.md) | +4.1% | +2.4% |

## Sources

- cnbc.com: https://www.cnbc.com/2018/05/17/reuters-america-grains-u-s-wheat-futures-rise-on-world-weather-woes-corn-soy-flat.html

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