# U.S. grains: Wheat, soybeans firm - Alberta Farmer Express

> US wheat and soybeans edged higher on Monday as forecasts showed little rain for dry Plains wheat and Argentine drought areas. May Chicago wheat and Kansas City HRW rose about 1 to 2 per cent. Traders positioned ahead of a USDA report expected to show slightly larger US wheat stocks.

- Date: 2018-03-05 · published 2018-03-05T12:00:00.000Z
- Category: weather · region US · magnitude low
- Page: https://feedsoft.ai/events/12437-u-s-grains-wheat-soybeans-firm-alberta-farmer-express
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Ongoing Plains dryness supports HRW wheat prices, while Argentine drought underpins soybean values. Expectations for a larger USDA stocks figure may limit further gains until the report is released.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2019-01-23 | [U.S. grains: Soybeans firm on South America weather worries - AgCanada](https://feedsoft.ai/events/7654-u-s-grains-soybeans-firm-on-south-america-weather-worries-agcanada.md) | -0.3% | -2.7% |
| 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 | 2018-03-01 | [U.S. grains: Wheat, soybean futures rally - Manitoba Co-operator](https://feedsoft.ai/events/12431-u-s-grains-wheat-soybean-futures-rally-manitoba-co-operator.md) | +1.2% | +0.1% |
| WHEAT | 2021-12-29 | [Checking for Tailwinds in Wheat - Alberta Grains](https://feedsoft.ai/events/43648-checking-for-tailwinds-in-wheat-alberta-grains.md) | -0.4% | +9.8% |
| WHEAT | 2021-11-29 | [Wheat Markets Find New Legs in Australia - Alberta Grains](https://feedsoft.ai/events/44081-wheat-markets-find-new-legs-in-australia-alberta-grains.md) | -1.1% | -3.5% |
| 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 | 2018-03-01 | [U.S. grains: Wheat, soybean futures rally - Manitoba Co-operator](https://feedsoft.ai/events/12431-u-s-grains-wheat-soybean-futures-rally-manitoba-co-operator.md) | +2.5% | -9.3% |
| KWHEAT | 2021-12-29 | [Checking for Tailwinds in Wheat - Alberta Grains](https://feedsoft.ai/events/43648-checking-for-tailwinds-in-wheat-alberta-grains.md) | -2.2% | -0.7% |

## Sources

- albertafarmexpress.ca: https://www.albertafarmexpress.ca/daily/u-s-grains-wheat-soybeans-firm/

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