# Winter Wheat Futures Bulls Come to Life. Here’s Why More Price Upside Is Possible.

> Chicago SRW and Kansas City HRW wheat futures hit three-month-plus highs on February 14, 2025. IKAR cut its Russian 2024-25 wheat export forecast to 43 million MT and its 2025 Russian harvest forecast to 82 million MT, citing dry weather and frost.

- Date: 2025-02-17 · published 2025-02-17T12:00:00.000Z
- Category: weather · region Black Sea · magnitude medium
- Page: https://feedsoft.ai/events/26090-winter-wheat-futures-bulls-come-to-life-here-s-why-more-price-upside-is-possible
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md)

## Why it matters

A smaller Russian crop and export forecast tighten global wheat supplies and support prices. Higher wheat values make wheat less competitive as a feed ingredient.

## Read by commodity

- WHEAT: bullish ▲
- KWHEAT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2020-11-13 | [No Rain in Plains Turns Hedge Funds Bullish on Winter Wheat](https://feedsoft.ai/events/50205-no-rain-in-plains-turns-hedge-funds-bullish-on-winter-wheat.md) | -2.7% | +4.2% |
| WHEAT | 2019-12-17 | [Confluence of bullish news sends wheat futures higher - AgCanada](https://feedsoft.ai/events/6296-confluence-of-bullish-news-sends-wheat-futures-higher-agcanada.md) | -0.4% | +2.6% |
| WHEAT | 2017-05-02 | [Storm Damages Midwest Wheat Crop; More Heavy Rain to Come](https://feedsoft.ai/events/7003-storm-damages-midwest-wheat-crop-more-heavy-rain-to-come.md) | -2.3% | -1.4% |
| WHEAT | 2016-11-07 | [No Rain In Plains Turns Hedge Funds Bullish On Winter Wheat \| ESM Magazine](https://feedsoft.ai/events/73887-no-rain-in-plains-turns-hedge-funds-bullish-on-winter-wheat-esm-magazine.md) | +1.2% | +0.3% |
| WHEAT | 2026-05-05 | [Drought, frost provide lift for U.S. hard red wheat price \| The Western Producer](https://feedsoft.ai/events/19313-drought-frost-provide-lift-for-u-s-hard-red-wheat-price-the-western-producer.md) | +1.8% | -0.2% |
| KWHEAT | 2020-11-13 | [No Rain in Plains Turns Hedge Funds Bullish on Winter Wheat](https://feedsoft.ai/events/50205-no-rain-in-plains-turns-hedge-funds-bullish-on-winter-wheat.md) | +0.9% | +6.4% |
| KWHEAT | 2019-12-17 | [Confluence of bullish news sends wheat futures higher - AgCanada](https://feedsoft.ai/events/6296-confluence-of-bullish-news-sends-wheat-futures-higher-agcanada.md) | -0.8% | +7.5% |
| KWHEAT | 2017-05-02 | [Storm Damages Midwest Wheat Crop; More Heavy Rain to Come](https://feedsoft.ai/events/7003-storm-damages-midwest-wheat-crop-more-heavy-rain-to-come.md) | -4.5% | -4.3% |

## Sources

- barchart.com: https://www.barchart.com/story/news/30969084/winter-wheat-futures-bulls-come-to-life-heres-why-more-price-upside-is-possible

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