# US summer wheat: profit losses are once again the focus

> CBOT wheat rose about 1% after a crop tour confirmed heavy yield losses in US spring wheat. Yields in central and northwest North Dakota are well below last year and the five-year average. The premium paid during the heat and dry spell has faded.

- Date: 2017-07-27 · published 2017-07-27T12:00:00.000Z
- Category: weather · region US · magnitude medium
- Page: https://feedsoft.ai/events/7127-us-summer-wheat-profit-losses-are-once-again-the-focus
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Sharply smaller North Dakota spring wheat yields reduce US supply and support wheat prices, especially in the spring wheat complex.

## Read by commodity

- WHEAT: bullish ▲

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| WHEAT | 2017-07-31 | 5 | +6.7% | 3.0 | Crop tour confirmed heavy US spring wheat yield losses, a supply shock that lifted CBOT wheat during the window. |
| WHEAT | 2017-07-31 | 1 | +3.9% | 4.5 | A crop tour confirming heavy US spring wheat yield losses (published 27 July) fed the supply-shortfall narrative behind the rally, so it plausibly contributed to the upward move into 31 July. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2017-06-15 | [Premiums for Protein on the Rise - U.S. Wheat Associates](https://feedsoft.ai/events/70538-premiums-for-protein-on-the-rise-u-s-wheat-associates.md) | +0.4% | +0.4% |
| WHEAT | 2024-10-15 | [Prices of crops, oil bounce back from late summer lows \| The Western Producer](https://feedsoft.ai/events/27969-prices-of-crops-oil-bounce-back-from-late-summer-lows-the-western-producer.md) | -1.3% | -1.3% |
| WHEAT | 2019-12-02 | [Wet autumn to cut wheat area in France, UK in setback for next harvest \| The Western Producer](https://feedsoft.ai/events/55525-wet-autumn-to-cut-wheat-area-in-france-uk-in-setback-for-next-harvest-the.md) | -0.7% | -1.9% |
| WHEAT | 2017-06-29 | [Wheat surges on weather concerns in Plains - Brownfield Ag News](https://feedsoft.ai/events/9719-wheat-surges-on-weather-concerns-in-plains-brownfield-ag-news.md) | +2.3% | -2.9% |
| WHEAT | 2024-11-20 | [Russian farmers ditch wheat for other crops after heavy losses](https://feedsoft.ai/events/27441-russian-farmers-ditch-wheat-for-other-crops-after-heavy-losses.md) | -0.0% | +0.4% |

## Sources

- zmp.de: https://www.zmp.de/en/futures/news/newsticker-us-summer-wheat-profit-losses-are-once-again-focus-public-2017-07-27

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