# Wheat Futures Climb Most Since August as Texas Ratings Decline

> May wheat futures rose as much as 4.4% to $4.47 1/2 a bushel in Chicago, the biggest intraday advance since August, rebounding from a record low for the contract. USDA data showed the Texas winter wheat good/excellent rating fell to 28% from 36%.

- Date: 2019-03-12 · published 2019-03-12T12:00:00.000Z
- Category: weather · region US · magnitude medium
- Page: https://feedsoft.ai/events/10668-wheat-futures-climb-most-since-august-as-texas-ratings-decline
- Commodities: [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Deteriorating Texas HRW conditions and short covering lifted wheat prices from oversold levels. Reports that Ukraine's crop is ahead of expectations limit the upside by signaling no global shortage.

## Read by commodity

- WHEAT: bullish ▲
- KWHEAT: bullish ▲

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| KWHEAT | 2019-03-11 | 1 | +5.2% | 3.4 | Rebound from record-low wheat futures with the biggest gain since August on falling Texas winter wheat ratings; the report is dated March 12, so it likely describes the same short-covering rally, but the date gap makes the link imperfect. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| KWHEAT | 2018-05-23 | [CBOT wheat futures rally on technical buying](https://feedsoft.ai/events/10918-cbot-wheat-futures-rally-on-technical-buying.md) | +0.0% | -9.6% |
| KWHEAT | 2017-05-03 | [U.S. grains: Wheat futures flat as damage assessed - Grainews](https://feedsoft.ai/events/7002-u-s-grains-wheat-futures-flat-as-damage-assessed-grainews.md) | -6.1% | -5.1% |
| KWHEAT | 2018-07-25 | [Drought forces Egypt to pay most for wheat since 2015 \| FMT](https://feedsoft.ai/events/64072-drought-forces-egypt-to-pay-most-for-wheat-since-2015-fmt.md) | +9.2% | +4.9% |
| KWHEAT | 2018-07-31 | [Sharp rally for wheat futures \| VIC](https://feedsoft.ai/events/64074-sharp-rally-for-wheat-futures-vic.md) | +7.0% | -8.4% |
| KWHEAT | 2026-04-23 | [Wheat Futures Climb as Drought Hits Winter Crop - Daily Grain Highlights \| MarketScreener](https://feedsoft.ai/events/19769-wheat-futures-climb-as-drought-hits-winter-crop-daily-grain-highlights.md) | +8.2% | +9.6% |
| WHEAT | 2018-05-23 | [CBOT wheat futures rally on technical buying](https://feedsoft.ai/events/10918-cbot-wheat-futures-rally-on-technical-buying.md) | -0.0% | -2.3% |
| WHEAT | 2017-06-29 | [Spring Wheat Surges the Most Since 2010 - Bloomberg](https://feedsoft.ai/events/6177-spring-wheat-surges-the-most-since-2010-bloomberg.md) | +2.3% | -2.9% |
| WHEAT | 2018-07-25 | [Drought forces Egypt to pay most for wheat since 2015 \| FMT](https://feedsoft.ai/events/64072-drought-forces-egypt-to-pay-most-for-wheat-since-2015-fmt.md) | -0.6% | -0.6% |

## Sources

- fullertreacymoney.com: https://www.fullertreacymoney.com/general/wheat-futures-climb-most-since-august-as-texas-ratings-decline-/

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