# Wheat prices up amid war, expanding drought | texaswheat.org

> Texas A&M AgriLife says wheat prices are high because of uncertain global supply access, and emerging drought in US wheat areas could add to the upward trend. Recent rains improved conditions for Texas wheat, and producers may favor the crop after drought forced cotton abandonment.

- Date: 2022-11-03 · published 2022-11-03T12:00:00.000Z
- Category: weather · region US · magnitude medium
- Page: https://feedsoft.ai/events/7292-wheat-prices-up-amid-war-expanding-drought-texaswheat-org
- Commodities: [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Drought in US hard red winter areas and tight global access support wheat values, which can raise the cost of feed grains.

## Read by commodity

- WHEAT: bullish ▲
- KWHEAT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| KWHEAT | 2018-05-31 | [Drought and U.S. Rail Rates Prop Up U.S. Export Prices - U.S. Wheat Associates](https://feedsoft.ai/events/64934-drought-and-u-s-rail-rates-prop-up-u-s-export-prices-u-s-wheat-associates.md) | -0.2% | -14.9% |
| KWHEAT | 2026-03-31 | [Wheat Prices Surge on US Drought and Planting Uncertainty](https://feedsoft.ai/events/20207-wheat-prices-surge-on-us-drought-and-planting-uncertainty.md) | -3.0% | +11.3% |
| KWHEAT | 2026-04-30 | [Wheat Prices Jump as Drought Threatens U.S. Output - WSJ](https://feedsoft.ai/events/19766-wheat-prices-jump-as-drought-threatens-u-s-output-wsj.md) | -2.1% | -3.6% |
| KWHEAT | 2020-10-20 | [Wheat’s Drought Battle and Surging Demand: Why Prices Are Flying - Bloomberg](https://feedsoft.ai/events/50682-wheat-s-drought-battle-and-surging-demand-why-prices-are-flying-bloomberg.md) | -2.0% | -0.9% |
| KWHEAT | 2017-06-30 | [Wheat futures rally amid worsening drought in the Northern Plains](https://feedsoft.ai/events/6178-wheat-futures-rally-amid-worsening-drought-in-the-northern-plains.md) | +9.6% | +0.1% |
| WHEAT | 2026-03-31 | [Wheat Prices Surge on US Drought and Planting Uncertainty](https://feedsoft.ai/events/20207-wheat-prices-surge-on-us-drought-and-planting-uncertainty.md) | -0.7% | +1.7% |
| WHEAT | 2026-04-30 | [Wheat Prices Jump as Drought Threatens U.S. Output - WSJ](https://feedsoft.ai/events/19766-wheat-prices-jump-as-drought-threatens-u-s-output-wsj.md) | -3.2% | -0.6% |
| WHEAT | 2020-10-20 | [Wheat’s Drought Battle and Surging Demand: Why Prices Are Flying - Bloomberg](https://feedsoft.ai/events/50682-wheat-s-drought-battle-and-surging-demand-why-prices-are-flying-bloomberg.md) | +0.0% | -4.6% |

## Sources

- texaswheat.org: https://texaswheat.org/wheat-prices-up-amid-war-expanding-drought/

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