# Wheat supported by weather concerns - Brownfield Ag News

> Soybeans and corn were mixed as Argentina's harvest advanced on drier weather, while Brazil's harvest neared its end. Wheat rose on short covering and a weaker dollar, with heavy rain threatening some US winter wheat and slow spring planting in the northern Plains and Canada. The USDA attaché in Canada put 2017/18 wheat output at 28.6 million tons, down 10%.

- Date: 2017-04-28 · published 2017-04-28T12:00:00.000Z
- Category: weather · region US · magnitude low
- Page: https://feedsoft.ai/events/71544-wheat-supported-by-weather-concerns-brownfield-ag-news
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Slow northern planting and wet weather in the Plains provide mild support for wheat, while large South American crops cap corn and soy demand for feed.

## Read by commodity

- DXY: bullish ▲
- SOY: neutral
- CORN: neutral
- WHEAT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2017-07-14 | [Soybeans, corn supported by renewed weather concerns - Brownfield Ag News](https://feedsoft.ai/events/69796-soybeans-corn-supported-by-renewed-weather-concerns-brownfield-ag-news.md) | -0.8% | -1.4% |
| WHEAT | 2017-05-01 | [Weather woes support corn, soybeans, wheat - Brownfield Ag News](https://feedsoft.ai/events/10482-weather-woes-support-corn-soybeans-wheat-brownfield-ag-news.md) | +2.3% | +1.5% |
| 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 | 2017-06-07 | [Corn, soybeans higher on weather concerns - Brownfield Ag News](https://feedsoft.ai/events/70428-corn-soybeans-higher-on-weather-concerns-brownfield-ag-news.md) | -0.9% | +1.9% |
| WHEAT | 2019-05-24 | [Another round of weather support - Brownfield Ag News](https://feedsoft.ai/events/5439-another-round-of-weather-support-brownfield-ag-news.md) | -12.2% | -6.1% |
| SOY | 2023-08-15 | [Soybeans down despite dry weather concerns - Brownfield Ag News](https://feedsoft.ai/events/5617-soybeans-down-despite-dry-weather-concerns-brownfield-ag-news.md) | -1.5% | -4.3% |
| SOY | 2020-08-27 | [Weather causing short-term crop market opportunities - Brownfield Ag News](https://feedsoft.ai/events/51642-weather-causing-short-term-crop-market-opportunities-brownfield-ag-news.md) | +4.7% | +8.8% |
| SOY | 2017-05-15 | [Warmer, drier weather settles across the Corn Belt - Brownfield Ag News](https://feedsoft.ai/events/70858-warmer-drier-weather-settles-across-the-corn-belt-brownfield-ag-news.md) | -0.1% | -2.4% |

## Sources

- brownfieldagnews.com: https://brownfieldagnews.com/blog/market-news/wheat-supported-weather-concerns/

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