# CBOT wheat follows K.C. hard red winter wheat lower

> US wheat futures fell on April 16, led by a sharp drop in K.C. hard red winter wheat after forecasts of rain in the Plains. Analysts had expected USDA to report 30% of winter wheat rated good to excellent, unchanged from the prior week.

- Date: 2018-04-16 · published 2018-04-16T12:00:00.000Z
- Category: weather · region US · magnitude low
- Page: https://feedsoft.ai/events/65544-cbot-wheat-follows-k-c-hard-red-winter-wheat-lower
- Commodities: [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Rain forecasts improve harvest prospects for drought-hit HRW wheat, easing supply concerns and pressuring prices. Feed wheat buyers may see softer cash values if rains materialize.

## Read by commodity

- WHEAT: bearish ▼
- KWHEAT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| KWHEAT | 2021-06-23 | [CBOT weekly outlook: MGEX wheat spread widens over winter wheats - AgCanada](https://feedsoft.ai/events/46623-cbot-weekly-outlook-mgex-wheat-spread-widens-over-winter-wheats-agcanada.md) | +3.8% | +12.1% |
| KWHEAT | 2017-03-21 | [Wheat leads crop markets lower as rain arrives in Kansas](https://feedsoft.ai/events/10724-wheat-leads-crop-markets-lower-as-rain-arrives-in-kansas.md) | -5.4% | -5.8% |
| KWHEAT | 2018-03-16 | [K.C. Wheat Tumbles, Rain Heads to Kansas](https://feedsoft.ai/events/8008-k-c-wheat-tumbles-rain-heads-to-kansas.md) | -8.3% | -3.5% |
| KWHEAT | 2017-02-01 | [Premiums reduced by limited winter kills \| NSW](https://feedsoft.ai/events/72542-premiums-reduced-by-limited-winter-kills-nsw.md) | +2.3% | +8.4% |
| KWHEAT | 2024-05-17 | [Forecasts of a good wheat harvest in the US and the EU continue to lower stock prices](https://feedsoft.ai/events/10908-forecasts-of-a-good-wheat-harvest-in-the-us-and-the-eu-continue-to-lower-stock.md) | +5.6% | -6.8% |
| WHEAT | 2017-03-21 | [Wheat leads crop markets lower as rain arrives in Kansas](https://feedsoft.ai/events/10724-wheat-leads-crop-markets-lower-as-rain-arrives-in-kansas.md) | +1.9% | +1.9% |
| WHEAT | 2019-03-10 | [Warm Winter Generates Optimism For Large EU Wheat Crop \| Checkout](https://feedsoft.ai/events/60024-warm-winter-generates-optimism-for-large-eu-wheat-crop-checkout.md) | +1.1% | -1.1% |
| WHEAT | 2018-03-16 | [K.C. Wheat Tumbles, Rain Heads to Kansas](https://feedsoft.ai/events/8008-k-c-wheat-tumbles-rain-heads-to-kansas.md) | -1.0% | +0.2% |

## Sources

- reuters.com: https://www.reuters.com/article/usa-wheat-cbot-idAFC3N1NX00J/

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