# Farming News - Wheat Market update from ADM

> ADM's head of grain trading said US wheat prices were little changed after a volatile week, while corn fell about $15/t as corn-wheat spreads liquidated and talk of higher US corn area grew. Crop ratings for US spring wheat, corn and soybeans kept declining amid drought-like conditions in the western Corn Belt and northern Plains.

- Date: 2021-06-25 · published 2021-06-25T12:00:00.000Z
- Category: weather · region US · magnitude medium
- Page: https://feedsoft.ai/events/46525-farming-news-wheat-market-update-from-adm
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Deteriorating US crop ratings from drought raise the risk of yield losses, which supports corn prices, but expanded corn acreage talk offsets part of that. Canadian dryness adds to the supply uncertainty.

## Read by commodity

- CORN: bullish ▲
- WHEAT: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2020-08-28 | [Farming News - ADM Wheat & OSR weekly market update](https://feedsoft.ai/events/51661-farming-news-adm-wheat-and-osr-weekly-market-update.md) | +0.0% | +5.4% |
| CORN | 2021-04-16 | [Farming News - Wheat and OSR market update](https://feedsoft.ai/events/9791-farming-news-wheat-and-osr-market-update.md) | +5.1% | +18.3% |
| CORN | 2019-06-03 | [Agri Marketing Update](https://feedsoft.ai/events/11385-agri-marketing-update.md) | -1.9% | +1.4% |
| CORN | 2021-04-23 | [Farming News - ADM Wheat & OSR Market Report - dry weather causes concern in key N Hemisphere wheat growing regions](https://feedsoft.ai/events/47651-farming-news-adm-wheat-and-osr-market-report-dry-weather-causes-concern-in-key.md) | +10.5% | +8.1% |
| CORN | 2019-11-27 | [Falling numbers hit wheat farmers hard \| AP News](https://feedsoft.ai/events/56112-falling-numbers-hit-wheat-farmers-hard-ap-news.md) | +0.8% | +2.4% |
| WHEAT | 2020-01-07 | [Wheat Market Update: EU And Russia Crop Risks](https://feedsoft.ai/events/54992-wheat-market-update-eu-and-russia-crop-risks.md) | +1.5% | -3.3% |
| WHEAT | 2019-06-12 | [Weather Concerns Impacting Wheat Market \| Red River Farm Network](https://feedsoft.ai/events/58652-weather-concerns-impacting-wheat-market-red-river-farm-network.md) | -5.3% | -8.6% |
| WHEAT | 2022-11-02 | [Oklahoma Cattle Market Update](https://feedsoft.ai/events/38825-oklahoma-cattle-market-update.md) | +6.5% | +7.6% |

## Sources

- farming.co.uk: https://farming.co.uk/news/wheat-market-update-from-adm

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