# Wheat price increases 34 cents in one day

> KC December hard red winter wheat closed at $5.09 3/4, up from $4.78 and a contract high. Stripe rust is active in Oklahoma fields, and drought persists across the southern Plains.

- Date: 2020-10-01 · published 2020-10-01T12:00:00.000Z
- Category: weather · region US · magnitude medium
- Page: https://feedsoft.ai/events/8789-wheat-price-increases-34-cents-in-one-day
- Commodities: [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md)

## Why it matters

Projected US HRW ending stocks of 385 million bushels, well below the five-year average, and dry conditions in Russia support higher wheat prices and feed-grain costs.

## Read by commodity

- KWHEAT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| KWHEAT | 2019-05-15 | [The price of wheat in the United States and Europe has increased dramatically](https://feedsoft.ai/events/12091-the-price-of-wheat-in-the-united-states-and-europe-has-increased-dramatically.md) | +8.5% | +15.2% |
| KWHEAT | 2021-03-18 | [WHEAT SCOOPS: Down 50 cents and still a good price](https://feedsoft.ai/events/48159-wheat-scoops-down-50-cents-and-still-a-good-price.md) | -4.1% | +1.1% |
| KWHEAT | 2023-06-06 | [Wheat prices are recovering amid increased demand and lower crop forecasts](https://feedsoft.ai/events/35513-wheat-prices-are-recovering-amid-increased-demand-and-lower-crop-forecasts.md) | -3.1% | +3.3% |
| KWHEAT | 2022-12-26 | [Severe Christmas frosts in the USA led to a speculative increase in wheat prices](https://feedsoft.ai/events/38286-severe-christmas-frosts-in-the-usa-led-to-a-speculative-increase-in-wheat-prices.md) | -0.6% | -3.6% |
| KWHEAT | 2024-05-14 | [Weather Developments Generate Higher Wheat Price](https://feedsoft.ai/events/10910-weather-developments-generate-higher-wheat-price.md) | -3.8% | -9.5% |

## Sources

- farmprogress.com: https://www.farmprogress.com/wheat/wheat-price-increases-34-cents-in-one-day

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