# U.S. grains: Spring wheat sets three-year top on weather woes | Farmtario

> U.S. spring wheat futures on MGEX settled up 36.5 cents at $7.41 a bushel on June 29, reaching a three-year high, on expanding drought across the northern Great Plains. Statistics Canada put Canadian spring wheat planting at 15.8 million acres, down from 16.7 million intended in April. CBOT July wheat hit a one-year peak.

- Date: 2017-06-29 · published 2017-06-29T12:00:00.000Z
- Category: weather · region US · magnitude high
- Page: https://feedsoft.ai/events/70516-u-s-grains-spring-wheat-sets-three-year-top-on-weather-woes-farmtario
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md), [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Smaller Canadian and U.S. spring wheat areas plus drought tighten high-protein supplies, supporting wheat prices and feed-grain substitution costs. Corn and soybeans also firmed modestly.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2017-06-28 | [U.S. grains: Spring wheat futures top US$7 on weather worries - Grainews](https://feedsoft.ai/events/70514-u-s-grains-spring-wheat-futures-top-us-7-on-weather-worries-grainews.md) | +3.2% | -2.8% |
| WHEAT | 2023-06-22 | [U.S. grains: Soy, corn, wheat rally to multi-month highs on weather concerns \| Farmtario](https://feedsoft.ai/events/35545-u-s-grains-soy-corn-wheat-rally-to-multi-month-highs-on-weather-concerns.md) | +7.6% | -0.3% |
| WHEAT | 2019-05-30 | [U.S. grains: Wheat, corn, soy rally on weather woes - Grainews](https://feedsoft.ai/events/9307-u-s-grains-wheat-corn-soy-rally-on-weather-woes-grainews.md) | +9.6% | +16.2% |
| WHEAT | 2018-05-17 | [GRAINS-U.S. wheat futures rise on world weather woes, corn; soy flat](https://feedsoft.ai/events/10915-grains-u-s-wheat-futures-rise-on-world-weather-woes-corn-soy-flat.md) | +4.3% | +3.0% |
| WHEAT | 2021-02-17 | [U.S. grains: Wheat climbs to one-week high on frigid U.S. weather - AgCanada](https://feedsoft.ai/events/9252-u-s-grains-wheat-climbs-to-one-week-high-on-frigid-u-s-weather-agcanada.md) | +0.8% | -0.3% |
| KWHEAT | 2017-06-28 | [U.S. grains: Spring wheat futures top US$7 on weather worries - Grainews](https://feedsoft.ai/events/70514-u-s-grains-spring-wheat-futures-top-us-7-on-weather-worries-grainews.md) | +20.6% | +4.0% |
| KWHEAT | 2021-02-17 | [U.S. grains: Wheat climbs to one-week high on frigid U.S. weather - AgCanada](https://feedsoft.ai/events/9252-u-s-grains-wheat-climbs-to-one-week-high-on-frigid-u-s-weather-agcanada.md) | +0.5% | -4.6% |
| 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% |

## Sources

- farmtario.com: https://farmtario.com/daily/u-s-grains-spring-wheat-sets-three-year-top-on-weather-woes/

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