# Grain Markets Start the Week Higher - ProAg

> Wheat futures rose overnight on dry conditions in key eastern European growing areas and dryness across the southern and central US Plains. Corn and soybean futures followed higher as traders extended net-long positions to their highest in over a year.

- Date: 2020-10-05 · published 2020-10-05T12:00:00.000Z
- Category: weather · region Global · magnitude medium
- Page: https://feedsoft.ai/events/11633-grain-markets-start-the-week-higher-proag
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Dry weather in major exporting regions raises wheat supply risk, and fund buying signals expectations of further price gains. Feed grain buyers face higher corn and soybean costs.

## Read by commodity

- SOY: bullish ▲
- CORN: bullish ▲
- WHEAT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2019-05-18 | [Politics lure prices higher — this week in the grain markets - RealAgriculture](https://feedsoft.ai/events/12126-politics-lure-prices-higher-this-week-in-the-grain-markets-realagriculture.md) | +10.5% | +9.7% |
| WHEAT | 2021-06-29 | [Protein premiums push higher: Grain market daily \| AHDB](https://feedsoft.ai/events/46637-protein-premiums-push-higher-grain-market-daily-ahdb.md) | -1.2% | -4.3% |
| WHEAT | 2017-06-09 | [Weather fears bolster grain markets against](https://feedsoft.ai/events/70424-weather-fears-bolster-grain-markets-against.md) | -1.0% | +0.5% |
| WHEAT | 2020-09-19 | [Black Sea grain market: start of 2020/21 MY](https://feedsoft.ai/events/50975-black-sea-grain-market-start-of-2020-21-my.md) | -1.9% | +7.9% |
| WHEAT | 2017-03-15 | [Grain markets don’t wait for Fed](https://feedsoft.ai/events/11201-grain-markets-don-t-wait-for-fed.md) | -1.7% | +1.1% |
| CORN | 2019-05-18 | [Politics lure prices higher — this week in the grain markets - RealAgriculture](https://feedsoft.ai/events/12126-politics-lure-prices-higher-this-week-in-the-grain-markets-realagriculture.md) | +3.2% | +10.8% |
| CORN | 2021-07-06 | [Weather, tight stocks dictate grain markets](https://feedsoft.ai/events/46120-weather-tight-stocks-dictate-grain-markets.md) | -1.9% | -12.4% |
| CORN | 2020-08-19 | [Midweek Markets: Where are grain prices headed next?](https://feedsoft.ai/events/51664-midweek-markets-where-are-grain-prices-headed-next.md) | +2.3% | +8.3% |

## Sources

- proag.com: https://www.proag.com/news/grain-markets-start-the-week-higher/

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