# Wheat climbs on signs of drought damage in northern U.S. Plains | Financial Post

> US wheat futures rallied more than 2% after a crop tour showed drought damage in North Dakota, the top spring wheat state. Tour scouts projected spring wheat yields well below the five-year average. Corn and soybeans also firmed modestly.

- Date: 2021-07-28 · published 2021-07-28T12:00:00.000Z
- Category: weather · region US · magnitude medium
- Page: https://feedsoft.ai/events/46100-wheat-climbs-on-signs-of-drought-damage-in-northern-u-s-plains-financial-post
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Sharply lower US spring wheat yields reduce supplies and support wheat prices, while drought concerns give modest support to corn and soybeans.

## Read by commodity

- SOY: bullish ▲
- CORN: bullish ▲
- WHEAT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2017-06-30 | [Wheat futures rally amid worsening drought in the Northern Plains](https://feedsoft.ai/events/6178-wheat-futures-rally-amid-worsening-drought-in-the-northern-plains.md) | +1.3% | -3.7% |
| WHEAT | 2017-12-16 | [Drought leaves U.S. Plains wheat vulnerable to freeze damage](https://feedsoft.ai/events/10328-drought-leaves-u-s-plains-wheat-vulnerable-to-freeze-damage.md) | +0.3% | +0.8% |
| WHEAT | 2025-03-17 | [U.S. grains: Wheat climbs on fears of wind damage to US crop - AgCanada](https://feedsoft.ai/events/5620-u-s-grains-wheat-climbs-on-fears-of-wind-damage-to-us-crop-agcanada.md) | +5.3% | +2.5% |
| WHEAT | 2017-07-12 | [Drought Likely to Worsen in Northern Plains, Patches of Midwest](https://feedsoft.ai/events/69809-drought-likely-to-worsen-in-northern-plains-patches-of-midwest.md) | -2.2% | -2.1% |
| WHEAT | 2018-03-13 | [Drought threat intensifies for U.S. Plains winter wheat crop](https://feedsoft.ai/events/66052-drought-threat-intensifies-for-u-s-plains-winter-wheat-crop.md) | -1.6% | +0.5% |
| CORN | 2025-03-17 | [U.S. grains: Wheat climbs on fears of wind damage to US crop - AgCanada](https://feedsoft.ai/events/5620-u-s-grains-wheat-climbs-on-fears-of-wind-damage-to-us-crop-agcanada.md) | +7.3% | +7.8% |
| CORN | 2017-06-22 | [Northern Plains drought intensifies](https://feedsoft.ai/events/70338-northern-plains-drought-intensifies.md) | -2.7% | +3.8% |
| CORN | 2017-07-12 | [Drought Likely to Worsen in Northern Plains, Patches of Midwest](https://feedsoft.ai/events/69809-drought-likely-to-worsen-in-northern-plains-patches-of-midwest.md) | -4.1% | -5.2% |

## Sources

- financialpost.com: https://financialpost.com/pmn/business-pmn/wheat-climbs-on-signs-of-drought-damage-in-northern-u-s-plains

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