# Markets dealing with multitude of drivers - Agweek | #1 source for agriculture news, farming, markets

> Wheat in Chicago and Kansas City has been supported by dryness in the US Central Plains, while Minneapolis has seen little spillover. Global wheat supplies remain comfortable, which limits upside. Spring weather and planting decisions are the next key drivers.

- Date: 2018-02-05 · published 2018-02-05T12:00:00.000Z
- Category: weather · region US · magnitude low
- Page: https://feedsoft.ai/events/66601-markets-dealing-with-multitude-of-drivers-agweek-1-source-for-agriculture-news
- Commodities: [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Dry US Plains conditions give wheat some support, but a large global surplus caps rallies, keeping feed wheat costs relatively contained.

## Read by commodity

- WHEAT: bullish ▲
- KWHEAT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| KWHEAT | 2018-03-11 | [Dry weather fueling bulls - Agweek \| #1 source for agriculture news, farming, markets](https://feedsoft.ai/events/65958-dry-weather-fueling-bulls-agweek-1-source-for-agriculture-news-farming-markets.md) | -1.7% | +2.9% |
| KWHEAT | 2024-08-23 | [Low falling numbers could have a big impact on wheat market - Agweek \| #1 source for agriculture news, farming, markets](https://feedsoft.ai/events/28814-low-falling-numbers-could-have-a-big-impact-on-wheat-market-agweek-1-source-for.md) | +3.1% | +6.6% |
| KWHEAT | 2018-11-04 | [Wheat markets mixed during week - Agriculture News Network](https://feedsoft.ai/events/11215-wheat-markets-mixed-during-week-agriculture-news-network.md) | -3.3% | -4.0% |
| 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 | 2026-06-22 | [Plains Drought Cuts Winter Wheat Production Forecast \| Agriculture of America](https://feedsoft.ai/events/18860-plains-drought-cuts-winter-wheat-production-forecast-agriculture-of-america.md) | -5.1% | +12.4% |
| WHEAT | 2022-01-21 | [The market rally after the reports - Agweek \| #1 source for agriculture news, farming, markets](https://feedsoft.ai/events/10893-the-market-rally-after-the-reports-agweek-1-source-for-agriculture-news-farming.md) | +0.5% | -1.6% |
| WHEAT | 2019-05-19 | [Markets finally respond to wet weather - Agweek \| #1 source for agriculture news, farming, markets](https://feedsoft.ai/events/5629-markets-finally-respond-to-wet-weather-agweek-1-source-for-agriculture-news.md) | +10.5% | +9.7% |
| WHEAT | 2019-09-30 | [Markets moving back to the fundamentals - Agweek \| #1 source for agriculture news, farming, markets](https://feedsoft.ai/events/57107-markets-moving-back-to-the-fundamentals-agweek-1-source-for-agriculture-news.md) | +0.6% | -1.3% |

## Sources

- agweek.com: https://www.agweek.com/opinion/markets-dealing-with-multitude-of-drivers

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