# U.S. grains: Wheat rises to one-month top on technical buying - AgCanada

> Chicago December wheat hit a one-month high of $4.62-3/4 on technical buying and dry Midwest conditions. Traders are positioning ahead of a USDA small grains report expected to lower the US 2017 wheat production estimate.

- Date: 2017-09-27 · published 2017-09-27T12:00:00.000Z
- Category: weather · region US · magnitude medium
- Page: https://feedsoft.ai/events/8514-u-s-grains-wheat-rises-to-one-month-top-on-technical-buying-agcanada
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md)

## Why it matters

Expected cut in US wheat output and dry SRW planting conditions support prices, especially if funds continue covering net shorts.

## Read by commodity

- SOY: neutral
- CORN: neutral
- WHEAT: bullish ▲
- KWHEAT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2018-05-22 | [U.S. grains: Wheat rallies on Plains dryness, technical buying - AgCanada](https://feedsoft.ai/events/10917-u-s-grains-wheat-rallies-on-plains-dryness-technical-buying-agcanada.md) | +0.7% | -1.4% |
| WHEAT | 2021-01-05 | [U.S. grains: Soybeans set fresh high on supply worries, technical buying - AgCanada](https://feedsoft.ai/events/11549-u-s-grains-soybeans-set-fresh-high-on-supply-worries-technical-buying-agcanada.md) | +0.3% | -3.9% |
| WHEAT | 2021-02-17 | [U.S. grains: Wheat climbs to one-week high on frigid U.S. weather - AgCanada](https://feedsoft.ai/events/9252-u-s-grains-wheat-climbs-to-one-week-high-on-frigid-u-s-weather-agcanada.md) | +0.8% | -0.3% |
| WHEAT | 2025-03-17 | [U.S. grains: Wheat climbs on fears of wind damage to US crop - AgCanada](https://feedsoft.ai/events/5620-u-s-grains-wheat-climbs-on-fears-of-wind-damage-to-us-crop-agcanada.md) | +5.3% | +2.5% |
| WHEAT | 2018-05-23 | [CBOT wheat futures rally on technical buying](https://feedsoft.ai/events/10918-cbot-wheat-futures-rally-on-technical-buying.md) | -0.0% | -2.3% |
| CORN | 2017-10-30 | [U.S. grains: Soybeans retreat on Brazil rains, technical selling - AgCanada](https://feedsoft.ai/events/68486-u-s-grains-soybeans-retreat-on-brazil-rains-technical-selling-agcanada.md) | -0.3% | -5.5% |
| CORN | 2018-10-03 | [U.S. grains: Soybeans, corn ease in technical setback - AgCanada](https://feedsoft.ai/events/62574-u-s-grains-soybeans-corn-ease-in-technical-setback-agcanada.md) | -1.7% | -1.3% |
| CORN | 2023-07-27 | [Feed weekly outlook: wheat, barley prices still on the rise  - AgCanada](https://feedsoft.ai/events/12891-feed-weekly-outlook-wheat-barley-prices-still-on-the-rise-agcanada.md) | -13.2% | -14.2% |

## Sources

- agcanada.com: https://www.agcanada.com/daily/u-s-grains-wheat-rises-to-one-month-top-on-technical-buying
- grainews.ca: https://www.grainews.ca/daily/u-s-grains-wheat-rises-to-one-month-top-on-technical-buying/

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