# Wheat futures rally amid worsening drought in the Northern Plains

> Spring wheat futures rose more than 3 percent as drought worsened across the Dakotas and into Montana, with extreme drought conditions spreading. Crop ratings fell to some of the lowest levels in over a decade, and Chicago winter wheat rose above $5 per bushel for the first time in a year.

- Date: 2017-06-30 · published 2017-06-30T12:00:00.000Z
- Category: weather · region US · magnitude medium
- Page: https://feedsoft.ai/events/6178-wheat-futures-rally-amid-worsening-drought-in-the-northern-plains
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md)

## Why it matters

Deteriorating crop ratings reduce expected wheat supplies and lift feed grain values. Continued dryness would sustain the upward price pressure.

## Read by commodity

- WHEAT: bullish ▲
- KWHEAT: bullish ▲

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| WHEAT | 2017-07-03 | 5 | +6.7% | 3.0 | Worsening Northern Plains drought and falling crop ratings on June 30 pushed Chicago winter wheat above $5, directly supporting SRW gains in the window. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2017-07-12 | [Drought Likely to Worsen in Northern Plains, Patches of Midwest](https://feedsoft.ai/events/69809-drought-likely-to-worsen-in-northern-plains-patches-of-midwest.md) | -2.2% | -2.1% |
| WHEAT | 2021-07-28 | [Wheat climbs on signs of drought damage in northern U.S. Plains \| Financial Post](https://feedsoft.ai/events/46100-wheat-climbs-on-signs-of-drought-damage-in-northern-u-s-plains-financial-post.md) | +2.7% | +3.0% |
| WHEAT | 2026-06-22 | [After drought and wildfires, wheat farmers in the Great Plains are in for a rough year \| HPPR](https://feedsoft.ai/events/18863-after-drought-and-wildfires-wheat-farmers-in-the-great-plains-are-in-for-a.md) | -1.6% | +1.9% |
| WHEAT | 2021-05-10 | [Drought Status Update for the Northern Great Plains \| May 10, 2021 \| Drought.gov](https://feedsoft.ai/events/46942-drought-status-update-for-the-northern-great-plains-may-10-2021-drought-gov.md) | +3.5% | -1.9% |
| WHEAT | 2026-07-30 | [Northern Plains see drought expand following hot weather - Pro Farmer](https://feedsoft.ai/events/12976-northern-plains-see-drought-expand-following-hot-weather-pro-farmer.md) | -1.3% | +3.6% |
| KWHEAT | 2026-06-22 | [After drought and wildfires, wheat farmers in the Great Plains are in for a rough year \| HPPR](https://feedsoft.ai/events/18863-after-drought-and-wildfires-wheat-farmers-in-the-great-plains-are-in-for-a.md) | -5.1% | +12.4% |
| KWHEAT | 2021-05-10 | [Drought Status Update for the Northern Great Plains \| May 10, 2021 \| Drought.gov](https://feedsoft.ai/events/46942-drought-status-update-for-the-northern-great-plains-may-10-2021-drought-gov.md) | -10.4% | -13.4% |
| KWHEAT | 2018-03-13 | [Drought threat intensifies for U.S. Plains winter wheat crop](https://feedsoft.ai/events/66052-drought-threat-intensifies-for-u-s-plains-winter-wheat-crop.md) | -7.6% | +2.5% |

## Sources

- cnbc.com: https://www.cnbc.com/2017/06/30/wheat-futures-rally-amid-worsening-drought-in-the-northern-plains.html

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