# Wheat at one-week high as freezing US weather in focus - Markets - Business Recorder

> CBOT wheat rose 2% to a one-week high on February 16, 2021, as frigid US temperatures raised concerns about winter crop damage in areas with little snow cover. Soybeans gained for a third session on tight US supplies and Brazilian harvest delays, while corn edged higher.

- Date: 2021-02-16 · published 2021-02-16T12:00:00.000Z
- Category: weather · region US · magnitude medium
- Page: https://feedsoft.ai/events/9253-wheat-at-one-week-high-as-freezing-us-weather-in-focus-markets-business-recorder
- 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

Winter kill risk in US wheat areas supports wheat prices, and tight US soybean supplies lift soybean meal costs for feed buyers.

## 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 | Reports CBOT wheat rising to a one-week high as record US cold raised winter-kill concerns, which is a supply-risk mechanism; the dated move is Feb 16 rather than Feb 15, so the link to the 1-day move ending Feb 15 is uncertain. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2024-03-25 | [Wheat hits 3-week high on French crop worries - Markets - Business Recorder](https://feedsoft.ai/events/31240-wheat-hits-3-week-high-on-french-crop-worries-markets-business-recorder.md) | -0.6% | +1.9% |
| WHEAT | 2021-10-26 | [Paris wheat at highest since 2008 as tight supply in focus - Markets - Business Recorder](https://feedsoft.ai/events/44580-paris-wheat-at-highest-since-2008-as-tight-supply-in-focus-markets-business.md) | +10.4% | +9.4% |
| WHEAT | 2021-04-23 | [EU wheat, rapeseed at fresh highs in grain surge - Markets - Business Recorder](https://feedsoft.ai/events/10292-eu-wheat-rapeseed-at-fresh-highs-in-grain-surge-markets-business-recorder.md) | +3.2% | -0.2% |
| WHEAT | 2022-07-28 | [Soybeans jump over 1% to two-week high as US crop faces heat - Markets - Business Recorder](https://feedsoft.ai/events/8745-soybeans-jump-over-1-to-two-week-high-as-us-crop-faces-heat-markets-business.md) | +4.6% | +0.7% |
| WHEAT | 2021-02-16 | [US MIDDAY: Wheat climbs - Markets - Business Recorder](https://feedsoft.ai/events/9256-us-midday-wheat-climbs-markets-business-recorder.md) | +1.3% | +0.2% |
| CORN | 2021-10-26 | [Paris wheat at highest since 2008 as tight supply in focus - Markets - Business Recorder](https://feedsoft.ai/events/44580-paris-wheat-at-highest-since-2008-as-tight-supply-in-focus-markets-business.md) | +8.0% | +9.6% |
| CORN | 2021-04-23 | [EU wheat, rapeseed at fresh highs in grain surge - Markets - Business Recorder](https://feedsoft.ai/events/10292-eu-wheat-rapeseed-at-fresh-highs-in-grain-surge-markets-business-recorder.md) | +10.5% | +8.1% |
| CORN | 2022-07-28 | [Soybeans jump over 1% to two-week high as US crop faces heat - Markets - Business Recorder](https://feedsoft.ai/events/8745-soybeans-jump-over-1-to-two-week-high-as-us-crop-faces-heat-markets-business.md) | +2.8% | +5.6% |

## Sources

- brecorder.com: https://www.brecorder.com/news/40064588
- feedandgrain.com: https://www.feedandgrain.com/grain-handling-processing/news/15387943/cold-spell-raises-concerns-about-wheat-damage

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