# Farming News - Wheat Market Report: High Court ruling affects futures

> US wheat prices rose slightly on the week, supported by a weaker dollar, fund short-covering and concerns about 2016-17 quality in Australia and Canada. A UK High Court ruling requiring Parliament to vote on Brexit lifted sterling and pushed UK futures lower, while French wheat showed weak demand.

- Date: 2016-11-04 · published 2016-11-04T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/73888-farming-news-wheat-market-report-high-court-ruling-affects-futures
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md), [British Pound (USD per GBP)](https://feedsoft.ai/c/GBPUSD.md)

## Why it matters

Quality concerns in exporters and a softer dollar support wheat values, while a firmer pound could pressure UK ex-farm wheat prices. Overall sentiment is shifting toward addressing global oversupply.

## Read by commodity

- WHEAT: bullish ▲
- GBPUSD: bullish ▲
- KWHEAT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2018-01-28 | [U.S. dollar impacts grain prices - Agweek \| #1 source for agriculture news, farming, markets](https://feedsoft.ai/events/67028-u-s-dollar-impacts-grain-prices-agweek-1-source-for-agriculture-news-farming.md) | +0.2% | +2.1% |
| WHEAT | 2023-05-03 | [Turner's Take Ag Markets \| HRW Wheat Leads CBOT Higher](https://feedsoft.ai/events/7383-turner-s-take-ag-markets-hrw-wheat-leads-cbot-higher.md) | -0.5% | -4.7% |
| WHEAT | 2025-09-16 | [U.S. grains: Corn, soy, wheat futures rise as dollar sags; crop yields eyed - Grainews](https://feedsoft.ai/events/6851-u-s-grains-corn-soy-wheat-futures-rise-as-dollar-sags-crop-yields-eyed-grainews.md) | +0.3% | +1.5% |
| WHEAT | 2022-12-15 | [U.S. soybean futures fall; corn, wheat firm with focus on economy \| Reuters](https://feedsoft.ai/events/5520-u-s-soybean-futures-fall-corn-wheat-firm-with-focus-on-economy-reuters.md) | -1.1% | -3.8% |
| WHEAT | 2026-05-13 | [Biofuel bets meet rising food shortage fears after USDA slashes U.S. wheat crop forecast - Pro Farmer](https://feedsoft.ai/events/10794-biofuel-bets-meet-rising-food-shortage-fears-after-usda-slashes-u-s-wheat-crop.md) | +0.9% | -4.2% |
| KWHEAT | 2023-05-03 | [Turner's Take Ag Markets \| HRW Wheat Leads CBOT Higher](https://feedsoft.ai/events/7383-turner-s-take-ag-markets-hrw-wheat-leads-cbot-higher.md) | +17.5% | +2.5% |
| KWHEAT | 2026-01-28 | [Wheat Prices Rally as Dollar Dips; Todd Hubbs Weighs in on Crop Outlook and Policy Rumors - Oklahoma Farm Report](https://feedsoft.ai/events/21102-wheat-prices-rally-as-dollar-dips-todd-hubbs-weighs-in-on-crop-outlook-and.md) | +0.4% | +3.7% |
| KWHEAT | 2026-05-13 | [Biofuel bets meet rising food shortage fears after USDA slashes U.S. wheat crop forecast - Pro Farmer](https://feedsoft.ai/events/10794-biofuel-bets-meet-rising-food-shortage-fears-after-usda-slashes-u-s-wheat-crop.md) | -2.3% | -12.5% |

## Sources

- farming.co.uk: https://farming.co.uk/news/wheat-market-report%3A-high-court-ruling-affects-futures

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