# Daily market wire 2 May 2017 - Grain Central

> Wheat led grain markets higher overnight after snow, sleet and frost damaged HRW areas, and heavy rain hit SRW regions. Kansas wheat rose 28.5 cents and CBOT wheat rose 23.75 cents, while corn and soybeans also gained.

- Date: 2017-05-01 · published 2017-05-01T12:00:00.000Z
- Category: weather · region US · magnitude medium
- Page: https://feedsoft.ai/events/6137-daily-market-wire-2-may-2017-grain-central
- Commodities: [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md), [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

Crop damage concerns and disease risk from wet conditions support grain prices, and funds that had built large short positions are exposed to a squeeze.

## Read by commodity

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

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| CORN | 2017-05-01 | 1 | +1.9% | 3.4 | Wire describes overnight gains in corn alongside wheat after storms and heavy rain; wheat leadership spilled over to corn, though dated one session later. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| KWHEAT | 2019-05-21 | [Daily Market Wire 21 May 2019 - Grain Central](https://feedsoft.ai/events/5632-daily-market-wire-21-may-2019-grain-central.md) | +6.0% | +7.1% |
| KWHEAT | 2018-02-28 | [Daily market wire 2 March 2018 - Grain Central](https://feedsoft.ai/events/12436-daily-market-wire-2-march-2018-grain-central.md) | +8.2% | -5.1% |
| KWHEAT | 2025-03-17 | [Daily Market Wire 18 March 2025 - Grain Central](https://feedsoft.ai/events/5625-daily-market-wire-18-march-2025-grain-central.md) | +2.7% | -1.0% |
| KWHEAT | 2018-02-26 | [Daily market wire 27 February 2018 - Grain Central](https://feedsoft.ai/events/11656-daily-market-wire-27-february-2018-grain-central.md) | +11.3% | +2.2% |
| KWHEAT | 2021-02-17 | [Daily Market Wire 17 February 2021 - Grain Central](https://feedsoft.ai/events/9255-daily-market-wire-17-february-2021-grain-central.md) | +0.5% | -4.6% |
| WHEAT | 2019-05-21 | [Daily Market Wire 21 May 2019 - Grain Central](https://feedsoft.ai/events/5632-daily-market-wire-21-may-2019-grain-central.md) | -13.2% | -6.0% |
| WHEAT | 2018-02-28 | [Daily market wire 2 March 2018 - Grain Central](https://feedsoft.ai/events/12436-daily-market-wire-2-march-2018-grain-central.md) | +2.3% | +1.0% |
| WHEAT | 2017-11-19 | [Daily market wire 20 November 2017 - Grain Central](https://feedsoft.ai/events/68031-daily-market-wire-20-november-2017-grain-central.md) | -3.0% | -2.7% |

## Sources

- graincentral.com: https://www.graincentral.com/markets/daily-market-wire-2-may-2017/

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