# No Rain In Plains Turns Hedge Funds Bullish On Winter Wheat | ESM Magazine

> Hot, dry conditions and windy weather across the U.S. Great Plains are stressing newly planted winter wheat in Kansas, Colorado, Nebraska and Oklahoma. Hedge funds increased bets on a rally in hard red winter wheat to the highest in 15 months, and Chicago most-active futures were up about 3% since late September.

- Date: 2016-11-07 · published 2016-11-07T12:00:00.000Z
- Category: weather · region US · magnitude medium
- Page: https://feedsoft.ai/events/73887-no-rain-in-plains-turns-hedge-funds-bullish-on-winter-wheat-esm-magazine
- Commodities: [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Drought stress on HRW plantings raises the risk of a smaller U.S. crop, which can support KWHEAT prices despite record global inventories. Fund buying adds near-term upward pressure.

## Read by commodity

- WHEAT: bullish ▲
- KWHEAT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| KWHEAT | 2020-11-13 | [No Rain in Plains Turns Hedge Funds Bullish on Winter Wheat](https://feedsoft.ai/events/50205-no-rain-in-plains-turns-hedge-funds-bullish-on-winter-wheat.md) | +0.9% | +6.4% |
| KWHEAT | 2021-08-12 | [Strategie Grains Lowers Forecast For EU Wheat, Barley Harvests \| ESM Magazine](https://feedsoft.ai/events/45509-strategie-grains-lowers-forecast-for-eu-wheat-barley-harvests-esm-magazine.md) | +1.9% | -4.8% |
| KWHEAT | 2018-03-13 | [Drought threat intensifies for U.S. Plains winter wheat crop](https://feedsoft.ai/events/66052-drought-threat-intensifies-for-u-s-plains-winter-wheat-crop.md) | -7.6% | +2.5% |
| 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% |
| KWHEAT | 2023-04-17 | [Feeling Bullish About Wheat Prices Again? - Alberta Grains](https://feedsoft.ai/events/36465-feeling-bullish-about-wheat-prices-again-alberta-grains.md) | -4.3% | +1.5% |
| WHEAT | 2020-11-13 | [No Rain in Plains Turns Hedge Funds Bullish on Winter Wheat](https://feedsoft.ai/events/50205-no-rain-in-plains-turns-hedge-funds-bullish-on-winter-wheat.md) | -2.7% | +4.2% |
| WHEAT | 2018-09-05 | [Wheat Rebounds On Supply Woes, Corn At Two-Week High \| ESM Magazine](https://feedsoft.ai/events/6997-wheat-rebounds-on-supply-woes-corn-at-two-week-high-esm-magazine.md) | +0.2% | -3.9% |
| WHEAT | 2018-08-02 | [Weather Woes Ravage Europe's Wheat Fields, Markets Race Higher \| ESM Magazine](https://feedsoft.ai/events/63469-weather-woes-ravage-europe-s-wheat-fields-markets-race-higher-esm-magazine.md) | +3.5% | +1.5% |

## Sources

- esmmagazine.com: https://www.esmmagazine.com/supply-chain/no-rain-plains-turns-hedge-funds-bullish-winter-wheat-34551

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