# Futures file: Wheat rises to a three-year high, gold falls – Greeley Tribune

> Wheat rose to a three-year high as drought concerns grew in the US Great Plains and northern Europe. Germany faces its smallest wheat crop in almost 15 years, and global wheat output is projected to fall about 4 percent.

- Date: 2018-08-04 · published 2018-08-04T12:00:00.000Z
- Category: weather · region Global · magnitude medium
- Page: https://feedsoft.ai/events/9687-futures-file-wheat-rises-to-a-three-year-high-gold-falls-greeley-tribune
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md)

## Why it matters

Drought losses in major exporters and importers reduce global wheat supply, which raises grain prices and the cost of feed ingredients.

## Read by commodity

- WHEAT: bullish ▲
- KWHEAT: bullish ▲

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| WHEAT | 2018-08-06 | 1 | +3.6% | 3.6 | Drought in the US Great Plains and northern Europe and a projected 4% fall in global output reinforced the supply-driven rally. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2026-01-28 | [Wheat Futures Jump to 8-Week High](https://feedsoft.ai/events/21097-wheat-futures-jump-to-8-week-high.md) | +0.6% | +4.2% |
| WHEAT | 2019-05-28 | [Corn futures hit three-year high after rains prolong planting delays](https://feedsoft.ai/events/5438-corn-futures-hit-three-year-high-after-rains-prolong-planting-delays.md) | +10.7% | +16.0% |
| WHEAT | 2021-04-26 | [Corn futures jump to a 7-year high on supply concerns](https://feedsoft.ai/events/9399-corn-futures-jump-to-a-7-year-high-on-supply-concerns.md) | +3.3% | -0.2% |
| WHEAT | 2024-04-29 | [Wheat Futures Erasing Early-year Losses](https://feedsoft.ai/events/30783-wheat-futures-erasing-early-year-losses.md) | -1.8% | +21.1% |
| WHEAT | 2019-02-19 | [Australian wheat crop falls to an 11-year low \| SA](https://feedsoft.ai/events/60575-australian-wheat-crop-falls-to-an-11-year-low-sa.md) | -3.8% | -0.5% |
| KWHEAT | 2026-01-28 | [Wheat Futures Jump to 8-Week High](https://feedsoft.ai/events/21097-wheat-futures-jump-to-8-week-high.md) | +0.4% | +3.7% |
| KWHEAT | 2024-04-29 | [Wheat Futures Erasing Early-year Losses](https://feedsoft.ai/events/30783-wheat-futures-erasing-early-year-losses.md) | +2.1% | +11.6% |
| KWHEAT | 2017-06-29 | [U.S. grains: Spring wheat sets three-year top on weather woes \| Farmtario](https://feedsoft.ai/events/70516-u-s-grains-spring-wheat-sets-three-year-top-on-weather-woes-farmtario.md) | +15.0% | +4.2% |

## Sources

- greeleytribune.com: https://www.greeleytribune.com/2018/08/04/futures-file-wheat-rises-to-a-three-year-high-gold-falls/

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