# Russian weak markets affected by recent rains | Dry Bulk

> Rain fell over western parts of the Russian Caucasus, where a lack of rain in March and April had raised worries for winter wheat. Chicago wheat futures fell about 2% and Paris milling wheat about 2% in profit-taking after a steep rally.

- Date: 2024-04-30 · published 2024-04-30T12:00:00.000Z
- Category: weather · region Black Sea · magnitude low
- Page: https://feedsoft.ai/events/30781-russian-weak-markets-affected-by-recent-rains-dry-bulk
- Commodities: [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Easing Russian dryness reduces the weather premium in wheat, pressuring feed wheat prices, though dry eastern and northern areas keep some support.

## Read by commodity

- WHEAT: bearish ▼
- KWHEAT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| KWHEAT | 2024-03-06 | [Grain Markets: Can We Expect a Rally in Wheat, Corn, and Soybeans Anytime Soon?](https://feedsoft.ai/events/7304-grain-markets-can-we-expect-a-rally-in-wheat-corn-and-soybeans-anytime-soon.md) | +5.4% | -1.9% |
| KWHEAT | 2021-03-12 | [Wheat flat; set for second weekly drop as US weather improves - Markets - Business Recorder](https://feedsoft.ai/events/5121-wheat-flat-set-for-second-weekly-drop-as-us-weather-improves-markets-business.md) | -1.5% | -1.6% |
| KWHEAT | 2017-08-14 | [Wheat Markets Act as a Drag on Durum](https://feedsoft.ai/events/69501-wheat-markets-act-as-a-drag-on-durum.md) | -6.1% | -7.3% |
| KWHEAT | 2023-04-25 | [Wheat hovers near 21-month low as weather, exports weigh - Markets - Business Recorder](https://feedsoft.ai/events/10361-wheat-hovers-near-21-month-low-as-weather-exports-weigh-markets-business.md) | -5.4% | -0.9% |
| KWHEAT | 2017-03-21 | [Wheat leads crop markets lower as rain arrives in Kansas](https://feedsoft.ai/events/10724-wheat-leads-crop-markets-lower-as-rain-arrives-in-kansas.md) | -5.4% | -5.8% |
| WHEAT | 2021-03-22 | [Russian wheat export prices down amid weak demand - Markets - Business Recorder](https://feedsoft.ai/events/12405-russian-wheat-export-prices-down-amid-weak-demand-markets-business-recorder.md) | +0.9% | +0.3% |
| WHEAT | 2021-05-10 | [Paris wheat drops - Markets - Business Recorder](https://feedsoft.ai/events/11412-paris-wheat-drops-markets-business-recorder.md) | +3.5% | -1.9% |
| WHEAT | 2021-01-20 | [Soybeans down for third session on South America rains; wheat, corn fall - Markets - Business Recorder](https://feedsoft.ai/events/8238-soybeans-down-for-third-session-on-south-america-rains-wheat-corn-fall-markets.md) | +4.0% | +2.6% |

## Sources

- drybulkmagazine.com: https://www.drybulkmagazine.com/dry-bulk/30042024/russian-weak-markets-affected-by-recent-rains/

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