# Wheat posts biggest weekly climb in 6 years on weather woes | Reuters

> Wheat futures posted their biggest weekly gain in six years on weather problems, with corn and soybean futures trading in opposite directions. CBOT corn fell Friday as recent rains crossed the Midwest during pollination, a crucial yield-determining phase. The report describes the divergence between wheat and corn moves.

- Date: 2021-07-16 · published 2021-07-16T12:00:00.000Z
- Category: weather · region Global · magnitude medium
- Page: https://feedsoft.ai/events/7778-wheat-posts-biggest-weekly-climb-in-6-years-on-weather-woes-reuters
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Weather-driven wheat gains raise feed wheat costs and substitution pricing for feed rations, while corn weakness reflects favorable pollination rains. Wheat strength is a meaningful driver for feed grain alternatives.

## Read by commodity

- SOY: neutral
- CORN: bearish ▼
- WHEAT: bullish ▲

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| CORN | 2021-07-18 | 5 | -11.2% | -3.3 | CBOT corn fell as rains crossed the Midwest during pollination, easing weather risk premium and driving the weekly decline. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2024-04-26 | [Wheat poised for biggest weekly rise in 2 years on supply fears - Markets - Business Recorder](https://feedsoft.ai/events/12142-wheat-poised-for-biggest-weekly-rise-in-2-years-on-supply-fears-markets.md) | -2.3% | +21.2% |
| WHEAT | 2022-07-29 | [Soybeans set for biggest weekly gain in 22 years as U.S. Midwest heats up \| Financial Post](https://feedsoft.ai/events/8740-soybeans-set-for-biggest-weekly-gain-in-22-years-as-u-s-midwest-heats-up.md) | +4.4% | -0.4% |
| WHEAT | 2024-05-04 | [Corn hits 3-month high; soy, wheat climb on global crop weather woes](https://feedsoft.ai/events/6453-corn-hits-3-month-high-soy-wheat-climb-on-global-crop-weather-woes.md) | +2.2% | +13.7% |
| WHEAT | 2019-05-30 | [U.S. grains: Wheat, corn, soy rally on weather woes - Grainews](https://feedsoft.ai/events/9307-u-s-grains-wheat-corn-soy-rally-on-weather-woes-grainews.md) | +9.6% | +16.2% |
| WHEAT | 2023-08-02 | [Weather woes, Russia upend outlook for global wheat suppliers \| Reuters](https://feedsoft.ai/events/34622-weather-woes-russia-upend-outlook-for-global-wheat-suppliers-reuters.md) | +0.8% | -7.4% |
| CORN | 2026-07-29 | [CBOT soybeans sink on favorable US weather \| Reuters](https://feedsoft.ai/events/9378-cbot-soybeans-sink-on-favorable-us-weather-reuters.md) | -3.5% | +5.0% |
| CORN | 2022-06-23 | [Corn, Soybeans and Wheat Prices Plummet Thursday, Weather is Only Part of the Reason Why - AgWeb](https://feedsoft.ai/events/12698-corn-soybeans-and-wheat-prices-plummet-thursday-weather-is-only-part-of-the.md) | +1.6% | -10.7% |
| CORN | 2017-04-26 | [Canola up on planting woes, market eyes weather, trade policy \| The Western Producer](https://feedsoft.ai/events/71596-canola-up-on-planting-woes-market-eyes-weather-trade-policy-the-western-producer.md) | +0.3% | +2.2% |

## Sources

- reuters.com: https://www.reuters.com/article/global-grains-idAFL1N2OS1SY/

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