# U.S. grains: Wheat, corn rally to highest since December - AgCanada

> US wheat futures rose 3.6% to a three-week high on dry and cold weather in Midwest and southern Plains growing areas, and corn hit its highest since December 28. Soybeans also rallied on weather concerns despite recent South American rains, while Russian troop buildup near Ukraine added support.

- Date: 2022-01-19 · published 2022-01-19T12:00:00.000Z
- Category: weather · region US · magnitude medium
- Page: https://feedsoft.ai/events/11816-u-s-grains-wheat-corn-rally-to-highest-since-december-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), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Winter stress in US wheat and dryness in South America lift feed grain and meal prices, with Russia-Ukraine tensions adding a geopolitical premium.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2021-04-23 | [U.S. grains: Corn highest since 2013 - AgCanada](https://feedsoft.ai/events/10295-u-s-grains-corn-highest-since-2013-agcanada.md) | +3.2% | -0.2% |
| WHEAT | 2019-05-17 | [U.S. grains: Corn extends rally, wheat touches six-week high - Grainews](https://feedsoft.ai/events/5631-u-s-grains-corn-extends-rally-wheat-touches-six-week-high-grainews.md) | +9.7% | +9.5% |
| WHEAT | 2019-09-24 | [U.S. grains: MGEX spring wheat rallies to highest since mid-June - Country Guide](https://feedsoft.ai/events/57104-u-s-grains-mgex-spring-wheat-rallies-to-highest-since-mid-june-country-guide.md) | +0.9% | -1.0% |
| WHEAT | 2021-02-17 | [U.S. grains: Wheat climbs to one-week high on frigid U.S. weather - AgCanada](https://feedsoft.ai/events/9252-u-s-grains-wheat-climbs-to-one-week-high-on-frigid-u-s-weather-agcanada.md) | +0.8% | -0.3% |
| WHEAT | 2017-05-19 | [U.S. grains: Corn hits one-week high on weather worries - AgCanada](https://feedsoft.ai/events/7590-u-s-grains-corn-hits-one-week-high-on-weather-worries-agcanada.md) | +3.0% | +2.4% |
| KWHEAT | 2021-02-17 | [U.S. grains: Wheat climbs to one-week high on frigid U.S. weather - AgCanada](https://feedsoft.ai/events/9252-u-s-grains-wheat-climbs-to-one-week-high-on-frigid-u-s-weather-agcanada.md) | +0.5% | -4.6% |
| KWHEAT | 2024-04-22 | [U.S. grains: Wheat futures rally as weather risks rattle markets - AgCanada](https://feedsoft.ai/events/12140-u-s-grains-wheat-futures-rally-as-weather-risks-rattle-markets-agcanada.md) | +11.1% | +13.8% |
| KWHEAT | 2018-04-03 | [U.S. grains: Wheat surges as USDA says crop conditions worst since 2002 - AgCanada](https://feedsoft.ai/events/65542-u-s-grains-wheat-surges-as-usda-says-crop-conditions-worst-since-2002-agcanada.md) | +11.8% | +10.9% |

## Sources

- agcanada.com: https://www.agcanada.com/daily/u-s-grains-wheat-corn-rally-to-highest-since-december

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