# P&H Western Weekly Recap: April 15 | P&H Agriculture

> Spring wheat futures rose over 31 cents on the May contract to 615'0 as the US dollar weakened sharply. A USDA report raised US wheat carry-out to 846 mbu and global 2024/25 ending stocks to 260.7 MMT, while winter wheat good/excellent ratings fell to 48%. Canola futures also rose to $660.70/MT after recovering from China's 100% tariff on Canadian canola meal and oil.

- Date: 2025-04-15 · published 2025-04-15T12:00:00.000Z
- Category: report · region Global · magnitude medium
- Page: https://feedsoft.ai/events/11668-p-and-h-western-weekly-recap-april-15-p-and-h-agriculture
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Canola Meal](https://feedsoft.ai/c/CANMEAL.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A higher-than-expected carry-out and weaker winter wheat conditions are mixed signals, but the weaker dollar and firm canola prices support wheat and oilseed values for feed buyers.

## Read by commodity

- DXY: bearish ▼
- SOY: bullish ▲
- WHEAT: bullish ▲
- CANMEAL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2017-04-21 | [Futures Close Report: 21st April 2017 - 2Agriculture](https://feedsoft.ai/events/71436-futures-close-report-21st-april-2017-2agriculture.md) | +2.1% | +0.6% |
| WHEAT | 2021-11-13 | [GRAIN  PRICE WEEKLY REPORT](https://feedsoft.ai/events/7052-grain-price-weekly-report.md) | +0.6% | -6.5% |
| WHEAT | 2020-09-05 | [Harvest slows grains rally (just a bit) — This week in the grain markets - RealAgriculture](https://feedsoft.ai/events/51160-harvest-slows-grains-rally-just-a-bit-this-week-in-the-grain-markets.md) | +10.0% | +16.8% |
| WHEAT | 2019-12-06 | [Farming News - ADM Agriculture Wheat Market Report](https://feedsoft.ai/events/11059-farming-news-adm-agriculture-wheat-market-report.md) | -3.5% | -0.6% |
| WHEAT | 2026-07-10 | [USDA Releases July 2026 WASDE Report \| Agriculture of America](https://feedsoft.ai/events/18281-usda-releases-july-2026-wasde-report-agriculture-of-america.md) | +0.9% | +0.6% |
| SOY | 2021-11-13 | [GRAIN  PRICE WEEKLY REPORT](https://feedsoft.ai/events/7052-grain-price-weekly-report.md) | +2.4% | +0.8% |
| SOY | 2020-09-05 | [Harvest slows grains rally (just a bit) — This week in the grain markets - RealAgriculture](https://feedsoft.ai/events/51160-harvest-slows-grains-rally-just-a-bit-this-week-in-the-grain-markets.md) | +5.1% | +5.4% |
| SOY | 2021-04-01 | [Agriculture ETFs Surge Following a Surprise USDA Report](https://feedsoft.ai/events/47553-agriculture-etfs-surge-following-a-surprise-usda-report.md) | -1.5% | +7.4% |

## Sources

- parrishandheimbecker-ag.com: https://parrishandheimbecker-ag.com/ph-western-weekly-recap-april-15/

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