# U.S. grains: Wheat tumbles as rains cross drought-hit Plains - Grainews

> U.S. wheat futures fell to six-week lows as rain and snow reached drought-hit southern Plains, including Kansas. K.C. hard red winter wheat dropped more than 5%, and corn and soybeans also sagged as funds liquidated longs and rains reached Argentina's soy belt.

- Date: 2018-03-19 · published 2018-03-19T12:00:00.000Z
- Category: weather · region US · magnitude medium
- Page: https://feedsoft.ai/events/8007-u-s-grains-wheat-tumbles-as-rains-cross-drought-hit-plains-grainews
- Commodities: [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Moisture relieves the drought risk that had supported Plains wheat, reducing the weather premium in HRW and SRW prices. Lower soybean prices also reflect easing dryness in Argentina.

## Read by commodity

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

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| KWHEAT | 2018-03-18 | 1 | -5.9% | -4.0 | Reports KC HRW wheat dropped more than 5% as rain and snow reached the drought-hit southern Plains and funds liquidated longs, which matches the size and cause of the move.This is the most direct explanation. |
| SOY | 2018-03-18 | 1 | -2.6% | -3.4 | Reports soybeans sagging as funds liquidated longs and rain reached Argentina's soy belt, in a broad grain selloff that matches the move. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| KWHEAT | 2018-03-16 | [K.C. Wheat Tumbles, Rain Heads to Kansas](https://feedsoft.ai/events/8008-k-c-wheat-tumbles-rain-heads-to-kansas.md) | -8.3% | -3.5% |
| KWHEAT | 2017-01-11 | [U.S. grains: Wheat hits one-week low on Plains forecasts \| Farmtario](https://feedsoft.ai/events/73032-u-s-grains-wheat-hits-one-week-low-on-plains-forecasts-farmtario.md) | +3.2% | +0.9% |
| KWHEAT | 2024-10-31 | [Wheat Futures Lose Ground as Rainfall Eases Dryness](https://feedsoft.ai/events/27900-wheat-futures-lose-ground-as-rainfall-eases-dryness.md) | -0.3% | -8.6% |
| KWHEAT | 2019-09-24 | [U.S. grains: MGEX spring wheat rallies to highest since mid-June - Country Guide](https://feedsoft.ai/events/57104-u-s-grains-mgex-spring-wheat-rallies-to-highest-since-mid-june-country-guide.md) | +2.1% | +4.7% |
| KWHEAT | 2018-04-18 | [Wheat prices fall on US rain, but dry threat remains for winter crop \| Farm Online \| ACT](https://feedsoft.ai/events/65564-wheat-prices-fall-on-us-rain-but-dry-threat-remains-for-winter-crop-farm-online.md) | +2.5% | +6.1% |
| WHEAT | 2023-04-05 | [USA: Wheat Spread Hits Record As Drought Plagues Midwest](https://feedsoft.ai/events/36445-usa-wheat-spread-hits-record-as-drought-plagues-midwest.md) | -2.9% | -2.8% |
| WHEAT | 2018-03-16 | [K.C. Wheat Tumbles, Rain Heads to Kansas](https://feedsoft.ai/events/8008-k-c-wheat-tumbles-rain-heads-to-kansas.md) | -1.0% | +0.2% |
| 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% |

## Sources

- grainews.ca: https://www.grainews.ca/daily/u-s-grains-wheat-tumbles-as-rains-cross-drought-hit-plains/

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