# Wheat prices surge over one percent before the weekend

> Wheat futures rose over 1% in U.S. trade as the dollar fell to one-month lows after weaker-than-expected nonfarm payrolls of 38,000. The unemployment rate fell to 4.7%, and the trade deficit widened.

- Date: 2016-06-03 · published 2016-06-03T12:00:00.000Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/9127-wheat-prices-surge-over-one-percent-before-the-weekend
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

The softer dollar supports wheat by making U.S. exports more competitive, while weak payrolls data feed rate-cut expectations.

## Read by commodity

- DXY: bearish ▼
- WHEAT: bullish ▲

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| WHEAT | 2016-06-06 | 1 | +3.5% | 3.7 | Weak May payrolls on 3 June pushed the dollar to one-month lows, supporting wheat export competitiveness and likely carrying momentum into the following session. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2016-06-08 | [Wheat prices add over two percent as dollar plumbs one-month low](https://feedsoft.ai/events/9126-wheat-prices-add-over-two-percent-as-dollar-plumbs-one-month-low.md) | -2.2% | -9.4% |
| WHEAT | 2023-12-26 | [Stong start for wheat following the long holiday weekend - Brownfield Ag News](https://feedsoft.ai/events/11287-stong-start-for-wheat-following-the-long-holiday-weekend-brownfield-ag-news.md) | +3.2% | +0.5% |
| WHEAT | 2022-01-24 | [2022 Price Outlook for Hard Red Winter and Soft Red Winter Wheat](https://feedsoft.ai/events/43177-2022-price-outlook-for-hard-red-winter-and-soft-red-winter-wheat.md) | +1.0% | -1.4% |
| WHEAT | 2018-05-16 | [Corn Hands the Baton to Wheat](https://feedsoft.ai/events/10238-corn-hands-the-baton-to-wheat.md) | +4.0% | +3.6% |
| WHEAT | 2022-06-29 | [WHEAT SCOOPS: $11 wheat, why and how long? – The Seam](https://feedsoft.ai/events/40982-wheat-scoops-11-wheat-why-and-how-long-the-seam.md) | -8.7% | -16.2% |
| DXY | 2016-06-08 | [Wheat prices add over two percent as dollar plumbs one-month low](https://feedsoft.ai/events/9126-wheat-prices-add-over-two-percent-as-dollar-plumbs-one-month-low.md) | +1.0% | +1.5% |
| DXY | 2016-06-06 | [Corn prices rally over two percent](https://feedsoft.ai/events/5265-corn-prices-rally-over-two-percent.md) | -0.3% | +0.2% |
| DXY | 2023-12-26 | [Stong start for wheat following the long holiday weekend - Brownfield Ag News](https://feedsoft.ai/events/11287-stong-start-for-wheat-following-the-long-holiday-weekend-brownfield-ag-news.md) | +0.2% | +1.2% |

## Sources

- economies.com: https://www.economies.com/commodities/wheat-news/wheat-prices-surge-over-one-percent-before-the-weekend-15900

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