# Wheat prices firm on worries dry weather could hit U.S. crops

> U.S. wheat prices edged up on concerns that dry weather could hurt crops. Spring wheat condition ratings slipped to 40 percent good-to-excellent, down from 41 percent a week earlier and below the 41 percent the market expected.

- Date: 2017-06-28 · published 2017-06-28T12:00:00.000Z
- Category: weather · region US · magnitude medium
- Page: https://feedsoft.ai/events/9718-wheat-prices-firm-on-worries-dry-weather-could-hit-u-s-crops
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Dry weather threatens spring wheat yields and tightens the supply outlook, which supports wheat prices and raises feed-wheat costs for buyers.

## Read by commodity

- WHEAT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2018-02-06 | [US crop worries supports wheat prices \| VIC](https://feedsoft.ai/events/66543-us-crop-worries-supports-wheat-prices-vic.md) | +0.6% | +2.4% |
| WHEAT | 2018-04-25 | [Wheat hits two-week high on dry US weather](https://feedsoft.ai/events/65543-wheat-hits-two-week-high-on-dry-us-weather.md) | +3.5% | +2.9% |
| WHEAT | 2017-06-28 | [U.S. grains: Spring wheat futures top US$7 on weather worries - Grainews](https://feedsoft.ai/events/70514-u-s-grains-spring-wheat-futures-top-us-7-on-weather-worries-grainews.md) | +3.2% | -2.8% |
| 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 | 2024-05-22 | [Black Sea, Canadian wheat prices surge on weather, crop fears \| S&P Global](https://feedsoft.ai/events/30289-black-sea-canadian-wheat-prices-surge-on-weather-crop-fears-s-and-p-global.md) | -7.4% | -10.9% |

## Sources

- reuters.com: https://www.reuters.com/article/world/us/wheat-prices-firm-on-worries-dry-weather-could-hit-us-crops-idUSL3N1JP15T/

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