# U.S. grains: Wheat rises as dry weather curbs Russian output; corn firm - AgCanada

> CBOT wheat settled about 1% higher on July 29, with corn and soybeans also firm on dry Midwest weather. SovEcon cut its forecast for Russia's 2019/20 grain exports by 7 million tonnes to 41.9 million tonnes. Corn and soybean prices were supported by the Midwest dryness.

- Date: 2019-07-29 · published 2019-07-29T12:00:00.000Z
- Category: weather · region Black Sea · magnitude medium
- Page: https://feedsoft.ai/events/58150-u-s-grains-wheat-rises-as-dry-weather-curbs-russian-output-corn-firm-agcanada
- 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

Lower Russian export availability and Midwest dryness both support wheat, corn and soybean prices, which raises feed grain costs.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 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) | +0.4% | +1.5% |
| WHEAT | 2021-07-14 | [U.S. grains: Corn, soybeans up on weather worries - AgCanada](https://feedsoft.ai/events/45918-u-s-grains-corn-soybeans-up-on-weather-worries-agcanada.md) | +1.5% | +0.1% |
| WHEAT | 2017-05-19 | [U.S. grains: Corn hits one-week high on weather worries - AgCanada](https://feedsoft.ai/events/7590-u-s-grains-corn-hits-one-week-high-on-weather-worries-agcanada.md) | +3.0% | +2.4% |
| 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 | 2019-01-23 | [U.S. grains: Soybeans firm on South America weather worries - AgCanada](https://feedsoft.ai/events/7654-u-s-grains-soybeans-firm-on-south-america-weather-worries-agcanada.md) | -0.3% | -2.7% |
| CORN | 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) | -0.6% | +2.1% |
| CORN | 2021-07-14 | [U.S. grains: Corn, soybeans up on weather worries - AgCanada](https://feedsoft.ai/events/45918-u-s-grains-corn-soybeans-up-on-weather-worries-agcanada.md) | -9.8% | -13.0% |
| CORN | 2017-05-19 | [U.S. grains: Corn hits one-week high on weather worries - AgCanada](https://feedsoft.ai/events/7590-u-s-grains-corn-hits-one-week-high-on-weather-worries-agcanada.md) | +1.3% | +2.6% |

## Sources

- agcanada.com: https://www.agcanada.com/daily/u-s-grains-wheat-rises-as-dry-weather-curbs-russian-output-corn-firm

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