# U.S. grains: Wheat rallies on Plains dryness, technical buying - AgCanada

> U.S. wheat futures rose nearly 3% on technical buying and crop concerns from drought in the U.S. Plains. USDA reported only 36% of the winter wheat crop in good-to-excellent condition, versus 52% a year earlier. Dry weather in Canada, eastern Australia and southern Russia also supported prices, while soybean planting ran ahead of average.

- Date: 2018-05-22 · published 2018-05-22T12:00:00.000Z
- Category: weather · region US · magnitude medium
- Page: https://feedsoft.ai/events/10917-u-s-grains-wheat-rallies-on-plains-dryness-technical-buying-agcanada
- 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 poor U.S. winter wheat rating signals reduced hard red wheat supply and supports prices. Ahead-of-pace soybean planting caps soybean gains.

## Read by commodity

- CORN: bullish ▲
- WHEAT: bullish ▲
- KWHEAT: bullish ▲

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| WHEAT | 2018-05-21 | 1 | +2.6% | 3.3 | Reports wheat up nearly 3% on technical buying and Plains drought, with winter wheat only 36% good-to-excellent, a supply shock matching the move magnitude, though dated 22 May and may partly describe the following day. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2017-09-27 | [U.S. grains: Wheat rises to one-month top on technical buying - AgCanada](https://feedsoft.ai/events/8514-u-s-grains-wheat-rises-to-one-month-top-on-technical-buying-agcanada.md) | +6.0% | +11.0% |
| WHEAT | 2021-01-05 | [U.S. grains: Soybeans set fresh high on supply worries, technical buying - AgCanada](https://feedsoft.ai/events/11549-u-s-grains-soybeans-set-fresh-high-on-supply-worries-technical-buying-agcanada.md) | +0.3% | -3.9% |
| WHEAT | 2018-05-23 | [CBOT wheat futures rally on technical buying](https://feedsoft.ai/events/10918-cbot-wheat-futures-rally-on-technical-buying.md) | -0.0% | -2.3% |
| WHEAT | 2022-01-19 | [U.S. grains: Wheat, corn rally to highest since December - AgCanada](https://feedsoft.ai/events/11816-u-s-grains-wheat-corn-rally-to-highest-since-december-agcanada.md) | +1.9% | -1.5% |
| WHEAT | 2025-03-17 | [U.S. grains: Wheat climbs on fears of wind damage to US crop - AgCanada](https://feedsoft.ai/events/5620-u-s-grains-wheat-climbs-on-fears-of-wind-damage-to-us-crop-agcanada.md) | +5.3% | +2.5% |
| KWHEAT | 2017-09-27 | [U.S. grains: Wheat rises to one-month top on technical buying - AgCanada](https://feedsoft.ai/events/8514-u-s-grains-wheat-rises-to-one-month-top-on-technical-buying-agcanada.md) | -2.3% | -4.0% |
| KWHEAT | 2018-05-23 | [CBOT wheat futures rally on technical buying](https://feedsoft.ai/events/10918-cbot-wheat-futures-rally-on-technical-buying.md) | +0.0% | -9.6% |
| KWHEAT | 2022-01-19 | [U.S. grains: Wheat, corn rally to highest since December - AgCanada](https://feedsoft.ai/events/11816-u-s-grains-wheat-corn-rally-to-highest-since-december-agcanada.md) | +8.0% | +4.3% |

## Sources

- agcanada.com: https://www.agcanada.com/daily/u-s-grains-wheat-rallies-on-plains-dryness-technical-buying

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