# Wheat prices are rising because of the hot and dry weather

> Wheat futures hit 10-month highs on forecasts of hot, dry weather in US, Ukrainian and Russian growing areas. A Russian research institute cut its Russian wheat production forecast by 3 million tonnes to 69.5-77.5 million tonnes, and Russian spring wheat planting is lagging.

- Date: 2018-05-29 · published 2018-05-29T12:00:00.000Z
- Category: weather · region Global · magnitude high
- Page: https://feedsoft.ai/events/65065-wheat-prices-are-rising-because-of-the-hot-and-dry-weather
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Russian crop cuts and heat risk across major exporters tighten world wheat supplies, lifting feed wheat and competing feed grain prices.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2026-03-31 | [War with Iran and dry weather in the US are pushing up US wheat prices, but they are limited by significant supply](https://feedsoft.ai/events/20213-war-with-iran-and-dry-weather-in-the-us-are-pushing-up-us-wheat-prices-but-they.md) | -0.7% | +1.7% |
| WHEAT | 2020-09-24 | [Wheat prices rose because of lower production forecast for Argentina](https://feedsoft.ai/events/10435-wheat-prices-rose-because-of-lower-production-forecast-for-argentina.md) | +6.7% | +11.0% |
| WHEAT | 2023-10-09 | [Wheat rises as dry weather fans fears of tighter supply](https://feedsoft.ai/events/33576-wheat-rises-as-dry-weather-fans-fears-of-tighter-supply.md) | +5.3% | +5.3% |
| WHEAT | 2024-04-19 | [Wheat Prices Rise On Russia Dryness](https://feedsoft.ai/events/30701-wheat-prices-rise-on-russia-dryness.md) | +0.8% | +2.3% |
| WHEAT | 2026-01-26 | [Wheat: Cold ground, hot market: wheat prices rise](https://feedsoft.ai/events/21101-wheat-cold-ground-hot-market-wheat-prices-rise.md) | +2.3% | +5.5% |
| KWHEAT | 2026-03-31 | [War with Iran and dry weather in the US are pushing up US wheat prices, but they are limited by significant supply](https://feedsoft.ai/events/20213-war-with-iran-and-dry-weather-in-the-us-are-pushing-up-us-wheat-prices-but-they.md) | -3.0% | +11.3% |
| KWHEAT | 2026-01-26 | [Wheat: Cold ground, hot market: wheat prices rise](https://feedsoft.ai/events/21101-wheat-cold-ground-hot-market-wheat-prices-rise.md) | +0.7% | +3.6% |
| KWHEAT | 2026-01-29 | [Wheat turns up: Dry weather and a weak dollar drive up](https://feedsoft.ai/events/21096-wheat-turns-up-dry-weather-and-a-weak-dollar-drive-up.md) | -2.2% | +1.7% |

## Sources

- graintrade.com.ua: https://graintrade.com.ua/en/novosti/tcini-na-pshenitcyu-zrostayut-cherez-spekotnu-ta-posushlivu-pogodu.html

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