# Wheat Falls from Double Digit Morning Gains to End the Session Lower - IBest Media

> Chicago, Kansas City and Minneapolis wheat futures faded from early gains and closed lower on Wednesday. The first day of the HRW Wheat Quality Tour averaged 49.9 bushels per acre, well above last year and the prior three-year average.

- Date: 2024-05-15 · published 2024-05-15T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/10911-wheat-falls-from-double-digit-morning-gains-to-end-the-session-lower-ibest-media
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md)

## Why it matters

A strong early HRW tour result signals larger harvest supplies, which weighs on wheat prices. Feed buyers may see softer wheat values if the final tour and USDA numbers confirm the yields.

## Read by commodity

- WHEAT: bearish ▼
- KWHEAT: bearish ▼

## Sources

- ibestmedia.com: https://www.ibestmedia.com/post/27609.html

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