# Wheat Markets Act as a Drag on Durum

> Wheat prices eased after the August WASDE projected record global wheat stocks of 264.7 Mt for 2017/18. Durum cash bids dipped for the first time since April, and crop conditions for North Dakota and Montana durum deteriorated sharply in drought.

- Date: 2017-08-14 · published 2017-08-14T12:00:00.000Z
- Category: weather · region US · magnitude medium
- Page: https://feedsoft.ai/events/69501-wheat-markets-act-as-a-drag-on-durum
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md), [Barley](https://feedsoft.ai/c/BARLEY.md)

## Why it matters

Record global stocks weigh on wheat prices, but severe drought in the northern Plains durum crop could limit the downside for durum supplies.

## Read by commodity

- WHEAT: bearish ▼
- BARLEY: neutral
- KWHEAT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2021-05-10 | [Paris wheat drops - Markets - Business Recorder](https://feedsoft.ai/events/11412-paris-wheat-drops-markets-business-recorder.md) | +3.5% | -1.9% |
| WHEAT | 2021-01-24 | [Markets suffer sharp decline \| Farm Online \| ACT](https://feedsoft.ai/events/9541-markets-suffer-sharp-decline-farm-online-act.md) | +5.0% | +3.5% |
| 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 | 2025-04-23 | [Grain market review: Wheat \| World Grain](https://feedsoft.ai/events/25158-grain-market-review-wheat-world-grain.md) | -1.8% | -4.3% |
| WHEAT | 2024-03-06 | [Grain Markets: Can We Expect a Rally in Wheat, Corn, and Soybeans Anytime Soon?](https://feedsoft.ai/events/7304-grain-markets-can-we-expect-a-rally-in-wheat-corn-and-soybeans-anytime-soon.md) | -7.7% | -7.7% |
| 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 | 2025-04-23 | [Grain market review: Wheat \| World Grain](https://feedsoft.ai/events/25158-grain-market-review-wheat-world-grain.md) | -5.6% | -1.8% |
| KWHEAT | 2024-03-06 | [Grain Markets: Can We Expect a Rally in Wheat, Corn, and Soybeans Anytime Soon?](https://feedsoft.ai/events/7304-grain-markets-can-we-expect-a-rally-in-wheat-corn-and-soybeans-anytime-soon.md) | +5.4% | -1.9% |

## Sources

- dtnpf.com: https://www.dtnpf.com/agriculture/web/Ag/blogs/canada-markets/blog-post/2017/08/14/wheat-markets-act-drag-durum

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