# Premiums reduced by limited winter kills | NSW

> Wheat futures fell early in the week after reports that winter kill in the US Southern Plains and Black Sea countries was less severe than feared. March Chicago contracts traded at 414 cents a bushel, down from 437.5 cents earlier in the month. Australian protein premiums widened and Asian export interest improved.

- Date: 2017-02-01 · published 2017-02-01T12:00:00.000Z
- Category: weather · region Global · magnitude low
- Page: https://feedsoft.ai/events/72542-premiums-reduced-by-limited-winter-kills-nsw
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md)

## Why it matters

Easing winter-kill concerns removes weather premium from US and Black Sea wheat, pressuring prices, while stronger Australian export demand provides some offset.

## Read by commodity

- WHEAT: bearish ▼
- KWHEAT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2017-01-12 | [NSW winter crop set to break the record - ABC News](https://feedsoft.ai/events/72954-nsw-winter-crop-set-to-break-the-record-abc-news.md) | +0.9% | +5.3% |
| WHEAT | 2018-04-16 | [CBOT wheat follows K.C. hard red winter wheat lower](https://feedsoft.ai/events/65544-cbot-wheat-follows-k-c-hard-red-winter-wheat-lower.md) | +3.1% | +2.4% |
| WHEAT | 2020-05-05 | [Looking around the grounds at Australia's winter crop prospects \| NSW](https://feedsoft.ai/events/53072-looking-around-the-grounds-at-australia-s-winter-crop-prospects-nsw.md) | -1.7% | -1.0% |
| WHEAT | 2018-04-16 | [Weather, politics remain unpredictable as winter sowing nears - Grain Central](https://feedsoft.ai/events/65451-weather-politics-remain-unpredictable-as-winter-sowing-nears-grain-central.md) | +3.1% | +2.4% |
| WHEAT | 2024-04-16 | [Growers optimistic as winter crop sowing gets underway \| The Land \| NSW](https://feedsoft.ai/events/30665-growers-optimistic-as-winter-crop-sowing-gets-underway-the-land-nsw.md) | -0.6% | +2.0% |
| KWHEAT | 2018-04-16 | [CBOT wheat follows K.C. hard red winter wheat lower](https://feedsoft.ai/events/65544-cbot-wheat-follows-k-c-hard-red-winter-wheat-lower.md) | -2.6% | +1.2% |
| KWHEAT | 2018-04-18 | [Wheat prices fall on US rain, but dry threat remains for winter crop \| Farm Online \| ACT](https://feedsoft.ai/events/65564-wheat-prices-fall-on-us-rain-but-dry-threat-remains-for-winter-crop-farm-online.md) | +2.5% | +6.1% |
| KWHEAT | 2023-11-16 | [Winter wheat crop gets off to good start in U.S. \| The Western Producer](https://feedsoft.ai/events/12255-winter-wheat-crop-gets-off-to-good-start-in-u-s-the-western-producer.md) | -3.9% | -2.0% |

## Sources

- theland.com.au: https://www.theland.com.au/story/4439536/grain-wrap-premiums-reduced-by-limited-winter-kills/

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