# Wheat: The Canary in the Coal Mine

> DTN analyst Elaine Kub notes KC wheat futures have risen 22% since January on Southern Plains drought, with Chicago up 18%, European milling wheat up 7%, and Minneapolis barely moved. She questions why the rally persists given large global wheat inventories.

- Date: 2018-03-14 · published 2018-03-14T12:00:00.000Z
- Category: weather · region US · magnitude medium
- Page: https://feedsoft.ai/events/66042-wheat-the-canary-in-the-coal-mine
- Commodities: [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Drought-driven KC gains lift hard wheat prices, but ample world stocks may limit sustained upside for wheat in feed markets.

## Read by commodity

- WHEAT: bullish ▲
- KWHEAT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| KWHEAT | 2018-02-08 | [Dry conditions in the Plains could boost wheat prices \| Capital Press](https://feedsoft.ai/events/66544-dry-conditions-in-the-plains-could-boost-wheat-prices-capital-press.md) | -2.3% | +8.1% |
| KWHEAT | 2023-05-29 | [Corn, Soybeans and Wheat in the Grips of Drought - AgWeb](https://feedsoft.ai/events/13276-corn-soybeans-and-wheat-in-the-grips-of-drought-agweb.md) | +0.4% | +2.3% |
| KWHEAT | 2022-04-22 | [Rabobank: ‘The wheat market is on fire’](https://feedsoft.ai/events/41887-rabobank-the-wheat-market-is-on-fire.md) | -0.1% | +13.8% |
| KWHEAT | 2018-04-27 | [Farming News - Weather impacting on the Wheat Markets](https://feedsoft.ai/events/11223-farming-news-weather-impacting-on-the-wheat-markets.md) | +9.1% | +9.4% |
| KWHEAT | 2024-04-29 | [The Latest News About the U.S. Wheat Crop](https://feedsoft.ai/events/30782-the-latest-news-about-the-u-s-wheat-crop.md) | +2.1% | +11.6% |
| WHEAT | 2018-02-08 | [Dry conditions in the Plains could boost wheat prices \| Capital Press](https://feedsoft.ai/events/66544-dry-conditions-in-the-plains-could-boost-wheat-prices-capital-press.md) | -0.5% | +1.3% |
| WHEAT | 2023-05-29 | [Corn, Soybeans and Wheat in the Grips of Drought - AgWeb](https://feedsoft.ai/events/13276-corn-soybeans-and-wheat-in-the-grips-of-drought-agweb.md) | -1.4% | -1.7% |
| WHEAT | 2022-04-22 | [Rabobank: ‘The wheat market is on fire’](https://feedsoft.ai/events/41887-rabobank-the-wheat-market-is-on-fire.md) | +8.5% | +12.7% |

## Sources

- dtnpf.com: https://www.dtnpf.com/agriculture/web/ag/news/article/2018/03/14/wheat-canary-coal-mine

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