# Grain markets: Europe fails to follow US gains - 20 February 2018 Premium

> Last week Chicago wheat, corn and soybean futures rose while Paris wheat and rapeseed slipped marginally. US winter wheat drought concerns, with about 45% of the area in drought, supported Chicago wheat. Soybean prices rose on Argentine dryness.

- Date: 2018-02-20 · published 2018-02-20T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/66433-grain-markets-europe-fails-to-follow-us-gains-20-february-2018-premium
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md), [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Canola Meal](https://feedsoft.ai/c/CANMEAL.md)

## Why it matters

US drought and Argentine dryness tighten expected supplies of wheat, corn and soybeans, supporting US futures. European markets are lagging, so the gap may narrow if US weather risks ease.

## Read by commodity

- SOY: bullish ▲
- CORN: bullish ▲
- WHEAT: bullish ▲
- KWHEAT: bullish ▲
- CANMEAL: bearish ▼

## Sources

- farmersjournal.ie: https://www.farmersjournal.ie/tillage/management/grain-markets-europe-fails-to-follow-us-gains-348761

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