# Wheat flat; set for second weekly drop as US weather improves - Markets - Business Recorder

> Chicago wheat was flat and set for a second weekly decline as forecast rain for the U.S. Plains winter wheat belt was expected to ease dryness. Soybeans and corn were also on track for weekly losses. Argentina's exchange cut its soybean estimate to 44 million tonnes and its corn estimate to 45 million tonnes because of dry conditions.

- Date: 2021-03-12 · published 2021-03-12T12:00:00.000Z
- Category: weather · region US · magnitude low
- Page: https://feedsoft.ai/events/5121-wheat-flat-set-for-second-weekly-drop-as-us-weather-improves-markets-business
- Commodities: [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Better U.S. Plains moisture reduces the drought risk premium on HRW wheat, while Argentine crop cuts limit the downside in soybeans and corn.

## Read by commodity

- SOY: neutral
- CORN: neutral
- WHEAT: bearish ▼
- KWHEAT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| KWHEAT | 2025-05-18 | [Chicago wheat stumbles on improved harvest prospects - Markets - Business Recorder](https://feedsoft.ai/events/24709-chicago-wheat-stumbles-on-improved-harvest-prospects-markets-business-recorder.md) | +4.3% | +3.8% |
| KWHEAT | 2023-04-25 | [Wheat hovers near 21-month low as weather, exports weigh - Markets - Business Recorder](https://feedsoft.ai/events/10361-wheat-hovers-near-21-month-low-as-weather-exports-weigh-markets-business.md) | -5.4% | -0.9% |
| KWHEAT | 2021-03-25 | [Wheat nears 3-month low on supply prospects; soy, corn also decline - Markets - Business Recorder](https://feedsoft.ai/events/12661-wheat-nears-3-month-low-on-supply-prospects-soy-corn-also-decline-markets.md) | -0.1% | +15.8% |
| 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 | 2025-04-29 | [Wheat prices are under pressure from improved weather conditions for the new crop](https://feedsoft.ai/events/25156-wheat-prices-are-under-pressure-from-improved-weather-conditions-for-the-new.md) | -0.9% | -0.0% |
| WHEAT | 2021-05-10 | [Paris wheat drops - Markets - Business Recorder](https://feedsoft.ai/events/11412-paris-wheat-drops-markets-business-recorder.md) | +3.5% | -1.9% |
| WHEAT | 2024-09-28 | [Soy futures soar on US weather woes - Markets - Business Recorder](https://feedsoft.ai/events/28337-soy-futures-soar-on-us-weather-woes-markets-business-recorder.md) | +0.6% | -6.3% |
| WHEAT | 2026-06-02 | [Chicago grain falls as US weather lifts crop outlook - Markets - Business Recorder](https://feedsoft.ai/events/10648-chicago-grain-falls-as-us-weather-lifts-crop-outlook-markets-business-recorder.md) | -1.3% | +0.7% |

## Sources

- brecorder.com: https://www.brecorder.com/news/40072930

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