# Cold damage pushes wheat market up

> A late freeze with snow and frost in western Kansas and the Oklahoma Panhandle produced a 28-cent one-day wheat rally, completing a 55-cent move. The article estimates the frost could cut hard red winter wheat output by about 2 percent, or roughly 18 million bushels. Funds had built record short positions and were reported buying 25,000 contracts on the rally day.

- Date: 2017-05-02 · published 2017-05-02T12:00:00.000Z
- Category: weather · region US · magnitude medium
- Page: https://feedsoft.ai/events/7005-cold-damage-pushes-wheat-market-up
- Commodities: [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md)

## Why it matters

An 18 million bushel cut to hard red winter wheat reduces ending stocks and supports K.C. wheat futures. Heavy fund short-covering amplified the move, so prices may stay volatile until yield losses are confirmed.

## Read by commodity

- KWHEAT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| KWHEAT | 2026-01-26 | [Wheat: Cold ground, hot market: wheat prices rise](https://feedsoft.ai/events/21101-wheat-cold-ground-hot-market-wheat-prices-rise.md) | +0.7% | +3.6% |
| KWHEAT | 2024-05-21 | [Grain market review: Wheat \| World Grain](https://feedsoft.ai/events/4592-grain-market-review-wheat-world-grain.md) | +5.0% | -13.8% |
| KWHEAT | 2018-03-23 | [$5 wheat: U.S. market needs quality](https://feedsoft.ai/events/66041-5-wheat-u-s-market-needs-quality.md) | -0.8% | +2.5% |
| 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 | 2019-06-17 | [Wet weather in US pushes up wheat futures \| Farm Online \| ACT](https://feedsoft.ai/events/58618-wet-weather-in-us-pushes-up-wheat-futures-farm-online-act.md) | -5.0% | -5.7% |

## Sources

- farmprogress.com: https://www.farmprogress.com/wheat/rain-makes-grain-snow-makes-price

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