# US MIDDAY: Wheat climbs - Markets - Business Recorder

> US wheat futures touched a one-week high on February 16, 2021, rising nearly 3% after frigid temperatures reached west-central Texas. Soybeans gained after NOPA reported January crush of 184.654 million bushels, the second-largest monthly total on record.

- Date: 2021-02-16 · published 2021-02-16T12:00:00.000Z
- Category: weather · region US · magnitude medium
- Page: https://feedsoft.ai/events/9256-us-midday-wheat-climbs-markets-business-recorder
- 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

Freeze risk to hard red winter wheat supports wheat prices, and a strong crush signals firm soybean meal output and demand for soybeans.

## 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 | Notes wheat up nearly 3% as frigid temperatures reached Texas, which fits the weather premium building, though the timing is slightly after the move. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2020-06-05 | [Euronext wheat climbs with rally in Chicago - Markets - Business Recorder](https://feedsoft.ai/events/52663-euronext-wheat-climbs-with-rally-in-chicago-markets-business-recorder.md) | -0.7% | +0.6% |
| WHEAT | 2025-07-31 | [Wheat down 1-3 cents, corn down 1-2, soybeans down 1-2 - Markets - Business Recorder](https://feedsoft.ai/events/23790-wheat-down-1-3-cents-corn-down-1-2-soybeans-down-1-2-markets-business-recorder.md) | -0.5% | -0.1% |
| WHEAT | 2024-04-23 | [Chicago wheat futures extend gains - Markets - Business Recorder](https://feedsoft.ai/events/12141-chicago-wheat-futures-extend-gains-markets-business-recorder.md) | -1.3% | +22.1% |
| WHEAT | 2021-07-30 | [IGC trims forecast for global wheat crop - Markets - Business Recorder](https://feedsoft.ai/events/46024-igc-trims-forecast-for-global-wheat-crop-markets-business-recorder.md) | +1.6% | +2.4% |
| WHEAT | 2021-02-16 | [Wheat at one-week high as freezing US weather in focus - Markets - Business Recorder](https://feedsoft.ai/events/9253-wheat-at-one-week-high-as-freezing-us-weather-in-focus-markets-business-recorder.md) | +1.3% | +0.2% |
| KWHEAT | 2020-06-05 | [Euronext wheat climbs with rally in Chicago - Markets - Business Recorder](https://feedsoft.ai/events/52663-euronext-wheat-climbs-with-rally-in-chicago-markets-business-recorder.md) | -5.3% | -9.5% |
| KWHEAT | 2024-04-23 | [Chicago wheat futures extend gains - Markets - Business Recorder](https://feedsoft.ai/events/12141-chicago-wheat-futures-extend-gains-markets-business-recorder.md) | +7.7% | +16.6% |
| KWHEAT | 2021-07-30 | [IGC trims forecast for global wheat crop - Markets - Business Recorder](https://feedsoft.ai/events/46024-igc-trims-forecast-for-global-wheat-crop-markets-business-recorder.md) | +2.5% | +6.1% |

## Sources

- brecorder.com: https://www.brecorder.com/news/40064833

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