# Wet weather in US pushes up wheat futures | Farm Online | ACT

> Wet weather in the US corn belt pushed Chicago wheat futures to new highs, with July contracts trading near 544 cents per bushel, the highest since the May low. Rain is disrupting the winter wheat harvest and hampering replanting of failed corn crops.

- Date: 2019-06-17 · published 2019-06-17T12:00:00.000Z
- Category: weather · region US · magnitude medium
- Page: https://feedsoft.ai/events/58618-wet-weather-in-us-pushes-up-wheat-futures-farm-online-act
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Corn](https://feedsoft.ai/c/CORN.md), [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md)

## Why it matters

Wheat is following corn higher, and lower-quality wet-harvested wheat is likely to flow into feed markets, supporting feed grain prices.

## Read by commodity

- CORN: bullish ▲
- WHEAT: bullish ▲
- KWHEAT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2019-12-15 | [Wheat crop size under pressure \| Farm Online \| ACT](https://feedsoft.ai/events/55532-wheat-crop-size-under-pressure-farm-online-act.md) | +2.0% | +4.8% |
| WHEAT | 2017-05-02 | [Massive US storm impacts wheat markets \| Farm Online \| ACT](https://feedsoft.ai/events/6138-massive-us-storm-impacts-wheat-markets-farm-online-act.md) | -2.3% | -1.4% |
| WHEAT | 2024-04-23 | [Higher Wheat Futures on Weather - ADM Investor Services](https://feedsoft.ai/events/12143-higher-wheat-futures-on-weather-adm-investor-services.md) | -1.3% | +22.1% |
| WHEAT | 2019-11-18 | [WA wheat crop forecast dives \| Farm Online \| ACT](https://feedsoft.ai/events/56007-wa-wheat-crop-forecast-dives-farm-online-act.md) | +3.8% | +3.1% |
| WHEAT | 2024-05-14 | [Wheat market hits highest levels since July on weather concerns \| Farm Online \| ACT](https://feedsoft.ai/events/10913-wheat-market-hits-highest-levels-since-july-on-weather-concerns-farm-online-act.md) | +18.9% | +7.8% |
| CORN | 2017-07-27 | [Drier Weather Pushes Grain, Soybean Futures Higher \| Fox Business](https://feedsoft.ai/events/7124-drier-weather-pushes-grain-soybean-futures-higher-fox-business.md) | -1.3% | -7.0% |
| CORN | 2024-06-14 | [Heatwave in the USA pushes up corn prices on the CBoT](https://feedsoft.ai/events/29811-heatwave-in-the-usa-pushes-up-corn-prices-on-the-cbot.md) | -3.2% | -10.7% |
| CORN | 2021-02-16 | [Wheat at one-week high as freezing US weather in focus - Markets - Business Recorder](https://feedsoft.ai/events/9253-wheat-at-one-week-high-as-freezing-us-weather-in-focus-markets-business-recorder.md) | +1.5% | -3.8% |

## Sources

- farmonline.com.au: https://www.farmonline.com.au/story/6220509/wet-weather-in-us-pushes-up-wheat-futures/

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