# Weekly Commodity Report w/e 14-7-17 | Wynnstay Humphrey Feeds & Pullets | Advancing Poultry Performance

> Wynnstay reports November wheat futures fell from a high of £154.75 to close the week at £149. A bearish USDA report that raised winter wheat and lowered spring wheat, combined with rain forecasts for drought-stressed areas, drove prices lower. CBOT wheat fell about $14/t from Wednesday to Thursday.

- Date: 2017-07-14 · published 2017-07-14T12:00:00.000Z
- Category: weather · region Global · magnitude medium
- Page: https://feedsoft.ai/events/6476-weekly-commodity-report-w-e-14-7-17-wynnstay-humphrey-feeds-and-pullets
- 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

Rain forecasts easing US drought concerns reduce the wheat price premium, which lowers feed wheat costs for UK and EU buyers. The author views the earlier rally as an overreaction, suggesting further downside if weather holds.

## Read by commodity

- SOY: bearish ▼
- CORN: bearish ▼
- WHEAT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2017-08-04 | [Weekly Commodity Report w/e 4th August 2017 \| Wynnstay Humphrey Feeds & Pullets \| Advancing Poultry Performance](https://feedsoft.ai/events/69540-weekly-commodity-report-w-e-4th-august-2017-wynnstay-humphrey-feeds-and-pullets.md) | -3.9% | -3.9% |
| WHEAT | 2022-07-15 | [Weather and recession fears trump USDA report - Agweek \| #1 source for agriculture news, farming, markets](https://feedsoft.ai/events/5593-weather-and-recession-fears-trump-usda-report-agweek-1-source-for-agriculture.md) | +8.2% | +8.9% |
| WHEAT | 2026-02-16 | [France reports best winter grain conditions in three years](https://feedsoft.ai/events/20524-france-reports-best-winter-grain-conditions-in-three-years.md) | +2.1% | +6.2% |
| WHEAT | 2018-10-18 | [Feed weekly outlook: Grains flood Alberta market - Manitoba Co-operator](https://feedsoft.ai/events/62584-feed-weekly-outlook-grains-flood-alberta-market-manitoba-co-operator.md) | +0.3% | -3.9% |
| WHEAT | 2023-12-22 | [Grains respond to continued hot, dry weather in Brazil - Agweek \| #1 source for agriculture news, farming, markets](https://feedsoft.ai/events/11282-grains-respond-to-continued-hot-dry-weather-in-brazil-agweek-1-source-for.md) | +0.9% | +1.5% |
| CORN | 2016-11-09 | [Warm autumn weather cools U.S. feed demand, worsening grain glut - Agweek \| #1 source for agriculture news, farming, markets](https://feedsoft.ai/events/73882-warm-autumn-weather-cools-u-s-feed-demand-worsening-grain-glut-agweek-1-source.md) | -6.6% | -4.5% |
| CORN | 2025-09-15 | [South America Weather Returns to Normal: Strong Early Spring Prospects for Wheat, Barley, Soybeans, Corn](https://feedsoft.ai/events/13472-south-america-weather-returns-to-normal-strong-early-spring-prospects-for-wheat.md) | +5.1% | +2.8% |
| CORN | 2024-08-08 | [Sixty-six per cent chance of La Niña weather emerging, U.S. forecaster says - AgCanada](https://feedsoft.ai/events/28679-sixty-six-per-cent-chance-of-la-nina-weather-emerging-u-s-forecaster-says.md) | -0.2% | +1.9% |

## Sources

- feedsandpullets.co.uk: https://www.feedsandpullets.co.uk/poultry-performance-centre/2017/7/14/weekly-commodity-report-we-14-7-17

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