# No Rain in Plains Turns Hedge Funds Bullish on Winter Wheat

> Dry, hot conditions in parts of the U.S. Great Plains have left young winter wheat stressed, with abnormal dryness and moderate drought spreading in Kansas, Colorado, Nebraska and Oklahoma over three months. Hedge funds increased bets on a rally in hard red winter wheat to the highest in 15 months.

- Date: 2020-11-13 · published 2020-11-13T12:00:00.000Z
- Category: weather · region US · magnitude medium
- Page: https://feedsoft.ai/events/50205-no-rain-in-plains-turns-hedge-funds-bullish-on-winter-wheat
- Commodities: [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Plains drought stress raises the risk of a smaller HRW crop, and fund buying signals firmer HRW prices even though global stocks remain large.

## Read by commodity

- WHEAT: bullish ▲
- KWHEAT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| KWHEAT | 2016-11-07 | [No Rain In Plains Turns Hedge Funds Bullish On Winter Wheat \| ESM Magazine](https://feedsoft.ai/events/73887-no-rain-in-plains-turns-hedge-funds-bullish-on-winter-wheat-esm-magazine.md) | -2.1% | -6.0% |
| KWHEAT | 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) | -7.6% | +2.5% |
| KWHEAT | 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) | +9.6% | +0.1% |
| KWHEAT | 2017-06-29 | [Wheat surges on weather concerns in Plains - Brownfield Ag News](https://feedsoft.ai/events/9719-wheat-surges-on-weather-concerns-in-plains-brownfield-ag-news.md) | +15.0% | +4.2% |
| KWHEAT | 2019-12-17 | [Confluence of bullish news sends wheat futures higher - AgCanada](https://feedsoft.ai/events/6296-confluence-of-bullish-news-sends-wheat-futures-higher-agcanada.md) | -0.8% | +7.5% |
| WHEAT | 2016-11-07 | [No Rain In Plains Turns Hedge Funds Bullish On Winter Wheat \| ESM Magazine](https://feedsoft.ai/events/73887-no-rain-in-plains-turns-hedge-funds-bullish-on-winter-wheat-esm-magazine.md) | +1.2% | +0.3% |
| 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% |
| 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% |

## Sources

- drovers.com: https://www.drovers.com/news/no-rain-plains-turns-hedge-funds-bullish-winter-wheat

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