# U.S. grains: Wheat climbs to one-week high on frigid U.S. weather - AgCanada

> Chicago wheat futures rose more than 3% to a one-week high on February 16, 2021, after record cold in the US Plains raised fears of freeze damage to winter wheat. Analysts estimated that about 30% of hard red winter wheat was exposed to significant freeze risk, and corn and soybeans also firmed.

- Date: 2021-02-17 · published 2021-02-17T12:00:00.000Z
- Category: weather · region US · magnitude medium
- Page: https://feedsoft.ai/events/9252-u-s-grains-wheat-climbs-to-one-week-high-on-frigid-u-s-weather-agcanada
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md), [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Potential damage to US hard red winter wheat would tighten wheat supplies and could lift wheat-based feed costs. Corn and soybean gains reflect a firm overall grain complex.

## Read by commodity

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

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| WHEAT | 2021-02-15 | 1 | +5.5% | 3.7 | Describes a 3%+ wheat rally on freeze exposure for about 30% of HRW wheat, which is the same weather-driven supply-risk theme as the move, though it is dated after Feb 15. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2017-05-19 | [U.S. grains: Corn hits one-week high on weather worries - AgCanada](https://feedsoft.ai/events/7590-u-s-grains-corn-hits-one-week-high-on-weather-worries-agcanada.md) | +3.0% | +2.4% |
| 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 | 2025-01-29 | [U.S. grains: Corn futures hit over one-year high on Argentine weather worries - AgCanada](https://feedsoft.ai/events/6889-u-s-grains-corn-futures-hit-over-one-year-high-on-argentine-weather-worries.md) | +0.6% | +1.4% |
| WHEAT | 2022-01-19 | [U.S. grains: Wheat, corn rally to highest since December - AgCanada](https://feedsoft.ai/events/11816-u-s-grains-wheat-corn-rally-to-highest-since-december-agcanada.md) | +1.9% | -1.5% |
| WHEAT | 2021-07-14 | [U.S. grains: Corn, soybeans up on weather worries - AgCanada](https://feedsoft.ai/events/45918-u-s-grains-corn-soybeans-up-on-weather-worries-agcanada.md) | +1.5% | +0.1% |
| KWHEAT | 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) | +2.7% | -1.0% |
| KWHEAT | 2022-01-19 | [U.S. grains: Wheat, corn rally to highest since December - AgCanada](https://feedsoft.ai/events/11816-u-s-grains-wheat-corn-rally-to-highest-since-december-agcanada.md) | +8.0% | +4.3% |
| KWHEAT | 2017-09-27 | [U.S. grains: Wheat rises to one-month top on technical buying - AgCanada](https://feedsoft.ai/events/8514-u-s-grains-wheat-rises-to-one-month-top-on-technical-buying-agcanada.md) | -2.3% | -4.0% |

## Sources

- agcanada.com: https://www.agcanada.com/daily/u-s-grains-wheat-climbs-to-one-week-high-on-frigid-u-s-weather

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