# Spring Wheat Surges the Most Since 2010 - Bloomberg

> Spring wheat futures rose as much as 8.5 percent in a session, the largest intraday gain since 2010, after a planting outlook cut and expanding drought in US growing states. Prices rose 31 percent in June, outpacing 80 other tracked commodities.

- Date: 2017-06-29 · published 2017-06-29T12:00:00.000Z
- Category: weather · region US · magnitude high
- Page: https://feedsoft.ai/events/6177-spring-wheat-surges-the-most-since-2010-bloomberg
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Oats](https://feedsoft.ai/c/OATS.md)

## Why it matters

A smaller US planting and expanding drought tighten supplies of wheat and oats used in feed. Feed costs are likely to stay elevated.

## Read by commodity

- OATS: bullish ▲
- WHEAT: bullish ▲

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| WHEAT | 2017-07-03 | 5 | +6.7% | 3.0 | Spring wheat's record surge on drought and a planting outlook cut on June 29 lifted the whole wheat complex, and SRW followed through spillover and sentiment. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2026-04-28 | [Wheat Futures Surge to Highest Since 2024 on US Drought, Fertilizer Costs - Bloomberg](https://feedsoft.ai/events/19765-wheat-futures-surge-to-highest-since-2024-on-us-drought-fertilizer-costs.md) | -2.0% | +0.6% |
| WHEAT | 2018-09-04 | [Biggest Wheat Importer May Turn to Hedging After Price Spike - Bloomberg](https://feedsoft.ai/events/6995-biggest-wheat-importer-may-turn-to-hedging-after-price-spike-bloomberg.md) | -0.0% | -4.7% |
| WHEAT | 2026-07-23 | [Heat Worries US Wheat Farmers Just as Crop Prices Surge - Bloomberg](https://feedsoft.ai/events/18406-heat-worries-us-wheat-farmers-just-as-crop-prices-surge-bloomberg.md) | -2.5% | +2.2% |
| WHEAT | 2018-07-25 | [Drought forces Egypt to pay most for wheat since 2015 \| FMT](https://feedsoft.ai/events/64072-drought-forces-egypt-to-pay-most-for-wheat-since-2015-fmt.md) | -0.6% | -0.6% |
| WHEAT | 2020-10-20 | [Wheat’s Drought Battle and Surging Demand: Why Prices Are Flying - Bloomberg](https://feedsoft.ai/events/50682-wheat-s-drought-battle-and-surging-demand-why-prices-are-flying-bloomberg.md) | +0.0% | -4.6% |
| OATS | 2022-04-11 | [Oats Hit Record High With Canadian Prairies Staying Dry - Bloomberg](https://feedsoft.ai/events/41890-oats-hit-record-high-with-canadian-prairies-staying-dry-bloomberg.md) | -4.2% | -18.8% |
| OATS | 2022-05-24 | [Spring wheat, oat futures outperform, as storms hamper US sowings - Grain Price News](https://feedsoft.ai/events/41453-spring-wheat-oat-futures-outperform-as-storms-hamper-us-sowings-grain-price-news.md) | +6.4% | -1.3% |
| OATS | 2016-11-25 | [Oat prices surge as Canadian output drops following delayed harvest - The Globe and Mail](https://feedsoft.ai/events/73900-oat-prices-surge-as-canadian-output-drops-following-delayed-harvest-the-globe.md) | -7.6% | +0.6% |

## Sources

- bloomberg.com: https://www.bloomberg.com/news/articles/2017-06-29/spring-wheat-surges-most-since-2010-as-drought-plagues-crops

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