# U.S. grains: Minneapolis, K.C. wheat futures rise - Grainews

> MGEX spring wheat futures soared to a 10-week high on weather concerns, while K.C. hard red winter wheat rose slightly and Chicago SRW eased. Chinese importers bought about 600,000 tonnes of US soybeans for October to December shipment, and CBOT November soybeans settled up 9-3/4 cents at $8.92-1/2.

- Date: 2019-09-23 · published 2019-09-23T12:00:00.000Z
- Category: weather · region US · magnitude medium
- Page: https://feedsoft.ai/events/57121-u-s-grains-minneapolis-k-c-wheat-futures-rise-grainews
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Excess rain in the Midwest threatens crop quality and China's soybean buying supports soy complex prices, though the rally is tied to a routine weekly move.

## Read by commodity

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

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| WHEAT | 2019-09-23 | 1 | +2.6% | 3.5 | Same-day report of MGEX spring wheat surging to a 10-week high and KC wheat firming on weather concerns suggests spillover buying across US wheat, though it notes Chicago SRW eased that day. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2018-03-01 | [U.S. grains: Wheat, soybean futures rally - Manitoba Co-operator](https://feedsoft.ai/events/12431-u-s-grains-wheat-soybean-futures-rally-manitoba-co-operator.md) | +1.0% | -2.6% |
| SOY | 2024-04-22 | [U.S. grains: Wheat futures rally as weather risks rattle markets - AgCanada](https://feedsoft.ai/events/12140-u-s-grains-wheat-futures-rally-as-weather-risks-rattle-markets-agcanada.md) | +0.8% | +6.7% |
| SOY | 2019-05-30 | [U.S. grains: Wheat, corn, soy rally on weather woes - Grainews](https://feedsoft.ai/events/9307-u-s-grains-wheat-corn-soy-rally-on-weather-woes-grainews.md) | -0.3% | +2.6% |
| SOY | 2021-03-06 | [U.S. grains: Soy futures rally on dry Argentina weather - Grainews](https://feedsoft.ai/events/8633-u-s-grains-soy-futures-rally-on-dry-argentina-weather-grainews.md) | -1.3% | -1.5% |
| SOY | 2018-05-18 | [GRAINS-U.S. wheat futures rally; corn, soy firm on hopes for export deal](https://feedsoft.ai/events/10916-grains-u-s-wheat-futures-rally-corn-soy-firm-on-hopes-for-export-deal.md) | +4.1% | -9.0% |
| WHEAT | 2018-05-17 | [GRAINS-U.S. wheat futures rise on world weather woes, corn; soy flat](https://feedsoft.ai/events/10915-grains-u-s-wheat-futures-rise-on-world-weather-woes-corn-soy-flat.md) | +4.3% | +3.0% |
| WHEAT | 2017-06-28 | [U.S. grains: Spring wheat futures top US$7 on weather worries - Grainews](https://feedsoft.ai/events/70514-u-s-grains-spring-wheat-futures-top-us-7-on-weather-worries-grainews.md) | +3.2% | -2.8% |
| WHEAT | 2019-09-27 | [Minneapolis wheat futures rally on poor spring crop - Brownfield Ag News](https://feedsoft.ai/events/57103-minneapolis-wheat-futures-rally-on-poor-spring-crop-brownfield-ag-news.md) | +0.6% | -1.3% |

## Sources

- grainews.ca: https://www.grainews.ca/daily/u-s-grains-minneapolis-k-c-wheat-futures-rise/

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