# Crop futures higher Thurs. on dry weather | The Western Producer

> Canadian and US crop futures rose on July 27 as hot, dry weather hit the Canadian Prairies and missed rain in the US Midwest. Saskatchewan crop ratings fell sharply, with durum good-to-average at 21 percent, and the US Wheat Quality Council pegged spring wheat yields at 38.1 bushels per acre.

- Date: 2017-07-27 · published 2017-07-27T12:00:00.000Z
- Category: weather · region North America · magnitude medium
- Page: https://feedsoft.ai/events/70067-crop-futures-higher-thurs-on-dry-weather-the-western-producer
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md), [Canola Meal](https://feedsoft.ai/c/CANMEAL.md), [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Prairie drought and poor US spring wheat yields reduce supplies of high-protein wheat and canola, supporting feed grain and oilseed meal prices.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2021-09-02 | [Exports to drop as crop shrinks \| The Western Producer](https://feedsoft.ai/events/45047-exports-to-drop-as-crop-shrinks-the-western-producer.md) | +1.3% | +1.1% |
| WHEAT | 2023-07-26 | [‘It’s crop insurance territory’ \| The Western Producer](https://feedsoft.ai/events/34993-it-s-crop-insurance-territory-the-western-producer.md) | -0.6% | -3.2% |
| WHEAT | 2024-05-29 | [‘Weather market’ resumes role as price driver \| The Western Producer](https://feedsoft.ai/events/30283-weather-market-resumes-role-as-price-driver-the-western-producer.md) | -5.3% | -11.3% |
| WHEAT | 2022-06-16 | [Dry conditions in Argentina cut crop’s size \| The Western Producer](https://feedsoft.ai/events/14028-dry-conditions-in-argentina-cut-crop-s-size-the-western-producer.md) | -2.3% | -13.8% |
| WHEAT | 2021-08-30 | [Exports to bear brunt of short crop \| The Western Producer](https://feedsoft.ai/events/45541-exports-to-bear-brunt-of-short-crop-the-western-producer.md) | +0.2% | +0.5% |
| KWHEAT | 2021-08-30 | [Exports to bear brunt of short crop \| The Western Producer](https://feedsoft.ai/events/45541-exports-to-bear-brunt-of-short-crop-the-western-producer.md) | +0.4% | +1.2% |
| KWHEAT | 2024-04-23 | [Higher Wheat Futures on Weather - ADM Investor Services](https://feedsoft.ai/events/12143-higher-wheat-futures-on-weather-adm-investor-services.md) | +7.7% | +16.6% |
| KWHEAT | 2021-07-23 | [Crop markets wake up to evolving drought disaster \| The Western Producer](https://feedsoft.ai/events/46115-crop-markets-wake-up-to-evolving-drought-disaster-the-western-producer.md) | +3.2% | +9.4% |

## Sources

- producer.com: https://www.producer.com/daily/crop-futures-higher-thurs-on-dry-weather/

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