# U.S. grains: Wheat hits one-week low on Plains forecasts | Farmtario

> US wheat futures fell nearly 2% on January 11 after forecasts of heavy rain for drought-stressed southern Plains hard red winter wheat. CBOT March wheat settled at $4.18 3/4, with corn and soybeans also lower.

- Date: 2017-01-11 · published 2017-01-11T12:00:00.000Z
- Category: weather · region US · magnitude low
- Page: https://feedsoft.ai/events/73032-u-s-grains-wheat-hits-one-week-low-on-plains-forecasts-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

Expected Plains moisture eases drought concern for HRW crops, reducing weather-driven support for wheat and spilling over to feed grains.

## Read by commodity

- SOY: bearish ▼
- CORN: bearish ▼
- WHEAT: bearish ▼
- KWHEAT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2024-07-26 | [U.S. grains: Soy tumbles as U.S. rain forecast offers relief \| Farmtario](https://feedsoft.ai/events/29281-u-s-grains-soy-tumbles-as-u-s-rain-forecast-offers-relief-farmtario.md) | -4.8% | -7.0% |
| WHEAT | 2017-01-03 | [U.S. grains: Soy hits six-week low on South American prospects - Grainews](https://feedsoft.ai/events/73024-u-s-grains-soy-hits-six-week-low-on-south-american-prospects-grainews.md) | +2.7% | +3.4% |
| WHEAT | 2018-02-08 | [U.S. grains: Soybeans hit one-week top - Grainews](https://feedsoft.ai/events/10007-u-s-grains-soybeans-hit-one-week-top-grainews.md) | -0.5% | +1.3% |
| WHEAT | 2017-01-18 | [U.S. grains: Soy up for fourth session on Argentina crop concerns \| Farmtario](https://feedsoft.ai/events/11027-u-s-grains-soy-up-for-fourth-session-on-argentina-crop-concerns-farmtario.md) | -1.3% | +4.2% |
| WHEAT | 2018-03-19 | [U.S. grains: Wheat tumbles as rains cross drought-hit Plains - Grainews](https://feedsoft.ai/events/8007-u-s-grains-wheat-tumbles-as-rains-cross-drought-hit-plains-grainews.md) | -0.5% | +3.6% |
| KWHEAT | 2018-03-19 | [U.S. grains: Wheat tumbles as rains cross drought-hit Plains - Grainews](https://feedsoft.ai/events/8007-u-s-grains-wheat-tumbles-as-rains-cross-drought-hit-plains-grainews.md) | -4.1% | -4.3% |
| KWHEAT | 2019-04-03 | [U.S. grains: Improving weather view weighs on wheat - AgCanada](https://feedsoft.ai/events/59643-u-s-grains-improving-weather-view-weighs-on-wheat-agcanada.md) | -1.3% | -10.2% |
| KWHEAT | 2024-05-17 | [Forecasts of a good wheat harvest in the US and the EU continue to lower stock prices](https://feedsoft.ai/events/10908-forecasts-of-a-good-wheat-harvest-in-the-us-and-the-eu-continue-to-lower-stock.md) | +5.6% | -6.8% |

## Sources

- farmtario.com: https://farmtario.com/daily/u-s-grains-wheat-hits-one-week-low-on-plains-forecasts/

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