# Wheat's turn-around on improved global rainfall | Stock Journal | SA

> US wheat futures retraced most of the previous week's rally after improved rainfall in key global production regions. Earlier gains had been driven by developing weather issues in several major growing areas.

- Date: 2023-07-07 · published 2023-07-07T12:00:00.000Z
- Category: weather · region Global · magnitude low
- Page: https://feedsoft.ai/events/35091-wheat-s-turn-around-on-improved-global-rainfall-stock-journal-sa
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md)

## Why it matters

Easing weather concerns reduce the risk premium in wheat, lowering wheat prices and making wheat more competitive as a feed grain.

## Read by commodity

- WHEAT: bearish ▼
- KWHEAT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2025-04-28 | [Global wheat market: Wheat prices fall as weather improves in the northern hemisphere](https://feedsoft.ai/events/25164-global-wheat-market-wheat-prices-fall-as-weather-improves-in-the-northern.md) | -0.9% | -4.3% |
| WHEAT | 2024-10-31 | [Wheat Futures Lose Ground as Rainfall Eases Dryness](https://feedsoft.ai/events/27900-wheat-futures-lose-ground-as-rainfall-eases-dryness.md) | +0.0% | -1.9% |
| WHEAT | 2023-04-21 | [Wheat prices torn between strong Russian exports and struggling US crops \| Stock Journal \| SA](https://feedsoft.ai/events/36443-wheat-prices-torn-between-strong-russian-exports-and-struggling-us-crops-stock.md) | -8.6% | -9.9% |
| WHEAT | 2025-03-25 | [Wheat Prices Drop: Rainfall's Impact in USA, Ukraine, Russia](https://feedsoft.ai/events/25634-wheat-prices-drop-rainfall-s-impact-in-usa-ukraine-russia.md) | -1.9% | +1.7% |
| WHEAT | 2019-04-03 | [U.S. grains: Improving weather view weighs on wheat - AgCanada](https://feedsoft.ai/events/59643-u-s-grains-improving-weather-view-weighs-on-wheat-agcanada.md) | +3.3% | -2.9% |
| KWHEAT | 2025-04-28 | [Global wheat market: Wheat prices fall as weather improves in the northern hemisphere](https://feedsoft.ai/events/25164-global-wheat-market-wheat-prices-fall-as-weather-improves-in-the-northern.md) | -1.8% | +0.1% |
| KWHEAT | 2024-10-31 | [Wheat Futures Lose Ground as Rainfall Eases Dryness](https://feedsoft.ai/events/27900-wheat-futures-lose-ground-as-rainfall-eases-dryness.md) | -0.3% | -8.6% |
| KWHEAT | 2017-10-20 | [Sorghum buyers go to ground as rain impacts wheat - Grain Central](https://feedsoft.ai/events/68526-sorghum-buyers-go-to-ground-as-rain-impacts-wheat-grain-central.md) | -0.2% | -2.9% |

## Sources

- stockjournal.com.au: https://www.stockjournal.com.au/story/8258824/wheat-futures-tumble/

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