# U.S. grains: Wheat, soybean futures rally - Manitoba Co-operator

> US wheat futures rose for a sixth straight session to seven-month highs as forecasts pointed to extended dryness in the Plains. Soybeans hit a 13-month high on strong export data and drought concerns in Argentina, and corn gained in sympathy.

- Date: 2018-03-01 · published 2018-03-01T12:00:00.000Z
- Category: weather · region US · magnitude medium
- Page: https://feedsoft.ai/events/12431-u-s-grains-wheat-soybean-futures-rally-manitoba-co-operator
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Expected Plains drought cuts wheat yield prospects and Argentine dryness threatens soybean supply, both lifting feed grain and protein prices. Corn gains reflect the broader grain complex firming.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| 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% |
| WHEAT | 2026-05-20 | [Dry U.S. Plains boosting wheat markets - Manitoba Co-operator](https://feedsoft.ai/events/19315-dry-u-s-plains-boosting-wheat-markets-manitoba-co-operator.md) | -1.5% | -1.6% |
| WHEAT | 2019-05-14 | [U.S. grains: Corn, soy rally as slow planting pace ignites short-covering - Manitoba Co-operator](https://feedsoft.ai/events/6665-u-s-grains-corn-soy-rally-as-slow-planting-pace-ignites-short-covering-manitoba.md) | +11.5% | +10.0% |
| WHEAT | 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) | +0.4% | +1.5% |
| 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% |
| KWHEAT | 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) | +5.8% | +0.1% |
| 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 | 2018-07-31 | [Sharp rally for wheat futures \| VIC](https://feedsoft.ai/events/64074-sharp-rally-for-wheat-futures-vic.md) | +7.0% | -8.4% |

## Sources

- manitobacooperator.ca: https://www.manitobacooperator.ca/daily/u-s-grains-wheat-soybean-futures-rally/

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