# Uncertainty on wheat exchanges leads to sharp price spikes

> Chicago, Kansas City and Minneapolis wheat futures rose about $3 per tonne on May 4 after corn gains, with July SRW at $266.80/t. US spring wheat planting reached 49% against 27% a year earlier, and the crop in good or excellent condition slipped to 48%.

- Date: 2021-05-05 · published 2021-05-05T12:00:00.000Z
- Category: weather · region US · magnitude low
- Page: https://feedsoft.ai/events/7706-uncertainty-on-wheat-exchanges-leads-to-sharp-price-spikes
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Dry weather in Texas, Oregon and Colorado and a weaker crop rating support wheat prices. Corn-led strength adds to feed-grain demand, which keeps wheat competitive in feed rations.

## Read by commodity

- CORN: bullish ▲
- WHEAT: bullish ▲
- KWHEAT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| 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 | 2020-05-29 | [Wheat quotations on us exchanges rose sharply](https://feedsoft.ai/events/53175-wheat-quotations-on-us-exchanges-rose-sharply.md) | -0.7% | -0.4% |
| WHEAT | 2022-09-22 | [Exchange warns over La Nina, as it slashes Argentine wheat crop to 7-year low - Grain Price News](https://feedsoft.ai/events/39504-exchange-warns-over-la-nina-as-it-slashes-argentine-wheat-crop-to-7-year-low.md) | -0.2% | -10.7% |
| WHEAT | 2021-04-26 | [Wheat price rises to highest in eight years on supply concerns \| Seeking Alpha](https://feedsoft.ai/events/47637-wheat-price-rises-to-highest-in-eight-years-on-supply-concerns-seeking-alpha.md) | +3.3% | -0.2% |
| WHEAT | 2021-11-01 | [Wheat Price Surge Threatens to Speed Up Food Inflation - TT](https://feedsoft.ai/events/7314-wheat-price-surge-threatens-to-speed-up-food-inflation-tt.md) | +9.3% | +8.1% |
| 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 | 2020-05-29 | [Wheat quotations on us exchanges rose sharply](https://feedsoft.ai/events/53175-wheat-quotations-on-us-exchanges-rose-sharply.md) | +1.8% | -7.4% |
| KWHEAT | 2018-09-04 | [Biggest Wheat Importer May Turn to Hedging After Price Spike - Bloomberg](https://feedsoft.ai/events/6995-biggest-wheat-importer-may-turn-to-hedging-after-price-spike-bloomberg.md) | -3.7% | -2.2% |

## Sources

- graintrade.com.ua: https://graintrade.com.ua/en/novosti/neviznachenist-na-pshenichnih-birzhah-prizvodit-do-rizkih-stribkiv-tcin.html

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