# Paris wheat at new high as cold sparks U.S. rally | CNBC Africa

> Euronext September milling wheat settled up 3.25 euros at 210.25 euros a tonne on April 20, 2021, a new contract high. Chicago wheat rallied on frost risk to U.S. Plains crops, and Chicago corn neared an eight-year high.

- Date: 2021-04-20 · published 2021-04-20T12:00:00.000Z
- Category: weather · region Europe · magnitude medium
- Page: https://feedsoft.ai/events/9790-paris-wheat-at-new-high-as-cold-sparks-u-s-rally-cnbc-africa
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Corn](https://feedsoft.ai/c/CORN.md), [Canola Meal](https://feedsoft.ai/c/CANMEAL.md)

## Why it matters

Cold weather threatening U.S. and European wheat crops supports prices, and strong corn values support wheat as feed. Frost damage risk keeps upside pressure on feed grain costs.

## Read by commodity

- CORN: bullish ▲
- WHEAT: bullish ▲
- CANMEAL: bullish ▲

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| CORN | 2021-04-29 | 5 | +13.6% | 3.8 | Chicago corn neared an eight-year high amid US frost risk, early in the rally. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2019-05-17 | [U.S. grains: Corn extends rally, wheat touches six-week high - Grainews](https://feedsoft.ai/events/5631-u-s-grains-corn-extends-rally-wheat-touches-six-week-high-grainews.md) | +9.7% | +9.5% |
| WHEAT | 2025-03-17 | [Market Snapshot \| Iffy U.S. weather sparks wheat rally - Pro Farmer](https://feedsoft.ai/events/5622-market-snapshot-iffy-u-s-weather-sparks-wheat-rally-pro-farmer.md) | +5.3% | +2.5% |
| WHEAT | 2022-01-19 | [U.S. grains: Wheat, corn rally to highest since December - AgCanada](https://feedsoft.ai/events/11816-u-s-grains-wheat-corn-rally-to-highest-since-december-agcanada.md) | +1.9% | -1.5% |
| WHEAT | 2024-09-25 | [U.S. grains: Wheat turns higher on Russia weather worries; soy, corn also rally - Grainews](https://feedsoft.ai/events/5609-u-s-grains-wheat-turns-higher-on-russia-weather-worries-soy-corn-also-rally.md) | +0.9% | -6.0% |
| WHEAT | 2019-05-30 | [U.S. grains: Wheat, corn, soy rally on weather woes - Grainews](https://feedsoft.ai/events/9307-u-s-grains-wheat-corn-soy-rally-on-weather-woes-grainews.md) | +9.6% | +16.2% |
| CORN | 2019-05-17 | [U.S. grains: Corn extends rally, wheat touches six-week high - Grainews](https://feedsoft.ai/events/5631-u-s-grains-corn-extends-rally-wheat-touches-six-week-high-grainews.md) | +1.6% | +9.9% |
| CORN | 2025-03-17 | [Market Snapshot \| Iffy U.S. weather sparks wheat rally - Pro Farmer](https://feedsoft.ai/events/5622-market-snapshot-iffy-u-s-weather-sparks-wheat-rally-pro-farmer.md) | +7.3% | +7.8% |
| CORN | 2022-01-19 | [U.S. grains: Wheat, corn rally to highest since December - AgCanada](https://feedsoft.ai/events/11816-u-s-grains-wheat-corn-rally-to-highest-since-december-agcanada.md) | +2.1% | +6.9% |

## Sources

- cnbcafrica.com: https://www.cnbcafrica.com/2021/paris-wheat-at-new-high-as-cold-sparks-u-s-rally

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