# It's 'too early for a weather premium,' so wheat markets struggle - Agweek | #1 source for agriculture news, farming, markets

> Wheat futures struggled during the week amid weak demand and uncertainty over Russian wheat export plans, while a stronger US dollar weighed on prices. Statistics Canada lowered Canadian wheat stocks, a supportive signal mainly for northern states. Corn held steady despite large US export sales of 293 million bushels and ethanol sales to China.

- Date: 2021-02-05 · published 2021-02-05T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/9445-it-s-too-early-for-a-weather-premium-so-wheat-markets-struggle-agweek-1-source
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md), [Corn](https://feedsoft.ai/c/CORN.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Weak wheat demand and Russian export uncertainty keep wheat under pressure, while a firmer dollar and cold-weather dormancy talk offer little near-term support. Steady corn reflects export strength offset by expectations of more acres this spring.

## Read by commodity

- DXY: bullish ▲
- CORN: neutral
- WHEAT: bearish ▼
- KWHEAT: bearish ▼

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| WHEAT | 2021-02-05 | 5 | -6.7% | -3.6 | Week-ending Feb 5 wheat weakness attributed to weak demand, Russian export-plan uncertainty and a stronger US dollar, which directly describes the sell-off drivers. |

## Sources

- agweek.com: https://www.agweek.com/business/its-too-early-for-a-weather-premium-so-wheat-markets-struggle

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