# Dry conditions in the Plains could boost wheat prices | Capital Press

> A North Dakota analyst said wheat could rise 50 to 60 cents per bushel if the Southern Plains do not get significant rain. Parts of Oklahoma and Texas have had no rain for four months, and Northern Plains rainfall is at its lowest since 1991. He added that fund buying could amplify any rally.

- Date: 2018-02-08 · published 2018-02-08T12:00:00.000Z
- Category: weather · region US · magnitude low
- Page: https://feedsoft.ai/events/66544-dry-conditions-in-the-plains-could-boost-wheat-prices-capital-press
- Commodities: [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

The forecast is conditional on continued drought, but a sustained dry spell would tighten HRW supply and lift prices. Fund buying could make moves sharper.

## Read by commodity

- WHEAT: bullish ▲
- KWHEAT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| KWHEAT | 2026-04-22 | [Dry conditions, war ruffle U.S. wheat market \| Capital Press](https://feedsoft.ai/events/19772-dry-conditions-war-ruffle-u-s-wheat-market-capital-press.md) | +8.3% | +9.4% |
| KWHEAT | 2018-05-31 | [Weather conditions drive up prices for wheat — Latifundist.com](https://feedsoft.ai/events/65073-weather-conditions-drive-up-prices-for-wheat-latifundist-com.md) | -0.2% | -14.9% |
| KWHEAT | 2018-01-11 | [Cold Temperatures in HRW Country Gets Attention; Dry Conditions Could Be Worse - U.S. Wheat Associates](https://feedsoft.ai/events/67020-cold-temperatures-in-hrw-country-gets-attention-dry-conditions-could-be-worse-u.md) | -2.5% | +7.7% |
| KWHEAT | 2024-10-23 | [Dry conditions in US Plains expected to worsen if La Niña develops \| World Grain](https://feedsoft.ai/events/27781-dry-conditions-in-us-plains-expected-to-worsen-if-la-nina-develops-world-grain.md) | -2.1% | -4.8% |
| KWHEAT | 2018-03-14 | [Wheat: The Canary in the Coal Mine](https://feedsoft.ai/events/66042-wheat-the-canary-in-the-coal-mine.md) | -7.3% | +1.9% |
| WHEAT | 2026-04-22 | [Dry conditions, war ruffle U.S. wheat market \| Capital Press](https://feedsoft.ai/events/19772-dry-conditions-war-ruffle-u-s-wheat-market-capital-press.md) | +1.2% | +2.3% |
| WHEAT | 2019-05-21 | [Wet US conditions boost corn wheat prices \| Saxo](https://feedsoft.ai/events/5630-wet-us-conditions-boost-corn-wheat-prices-saxo.md) | -13.2% | -6.0% |
| WHEAT | 2018-05-31 | [Weather conditions drive up prices for wheat — Latifundist.com](https://feedsoft.ai/events/65073-weather-conditions-drive-up-prices-for-wheat-latifundist-com.md) | +0.2% | -2.0% |

## Sources

- capitalpress.com: https://capitalpress.com/2018/02/08/dry-conditions-in-the-plains-could-boost-wheat-prices/

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