# Severe Christmas frosts in the USA led to a speculative increase in wheat prices

> Severe Christmas frosts with temperatures of -20 to -25 C hit the US Midwest and Plains, prompting a brief speculative rally in wheat futures on concern for winter wheat not covered by snow. Prices rose only 1-2.6% and traded lower than a year earlier, with US export sales weak.

- Date: 2022-12-26 · published 2022-12-26T12:00:00.000Z
- Category: weather · region US · magnitude low
- Page: https://feedsoft.ai/events/38286-severe-christmas-frosts-in-the-usa-led-to-a-speculative-increase-in-wheat-prices
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md)

## Why it matters

Frost risk to US winter wheat is a short-lived supply concern, and weak export sales limit any sustained price gain for feed buyers.

## Read by commodity

- WHEAT: bullish ▲
- KWHEAT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2020-05-15 | [Wheat prices have started to recover thanks to the speculators](https://feedsoft.ai/events/53181-wheat-prices-have-started-to-recover-thanks-to-the-speculators.md) | +0.5% | +0.7% |
| WHEAT | 2019-05-15 | [The price of wheat in the United States and Europe has increased dramatically](https://feedsoft.ai/events/12091-the-price-of-wheat-in-the-united-states-and-europe-has-increased-dramatically.md) | +11.2% | +10.0% |
| WHEAT | 2023-06-06 | [Wheat prices are recovering amid increased demand and lower crop forecasts](https://feedsoft.ai/events/35513-wheat-prices-are-recovering-amid-increased-demand-and-lower-crop-forecasts.md) | -0.1% | +2.2% |
| WHEAT | 2021-11-01 | [Wheat Price Surge Threatens to Speed Up Food Inflation - TT](https://feedsoft.ai/events/7314-wheat-price-surge-threatens-to-speed-up-food-inflation-tt.md) | +9.3% | +8.1% |
| WHEAT | 2020-11-05 | [French grain exports to China increase as Black Sea prices surge \| S&P Global](https://feedsoft.ai/events/50042-french-grain-exports-to-china-increase-as-black-sea-prices-surge-s-and-p-global.md) | +0.4% | -6.0% |
| KWHEAT | 2019-05-15 | [The price of wheat in the United States and Europe has increased dramatically](https://feedsoft.ai/events/12091-the-price-of-wheat-in-the-united-states-and-europe-has-increased-dramatically.md) | +8.5% | +15.2% |
| KWHEAT | 2023-06-06 | [Wheat prices are recovering amid increased demand and lower crop forecasts](https://feedsoft.ai/events/35513-wheat-prices-are-recovering-amid-increased-demand-and-lower-crop-forecasts.md) | -3.1% | +3.3% |
| KWHEAT | 2020-10-01 | [Wheat price increases 34 cents in one day](https://feedsoft.ai/events/8789-wheat-price-increases-34-cents-in-one-day.md) | +6.8% | +6.6% |

## Sources

- ukragroconsult.com: https://ukragroconsult.com/en/news/severe-christmas-frosts-in-the-usa-led-to-a-speculative-increase-in-wheat-prices/

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