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USDA NASS reported 11% of US corn planted as of April 19, equal to last year and ahead of the five-year average of 9%. Winter wheat good-to-excellent ratings fell 4 points to 30% amid drought, limited rain, frost and freezes.
Winter wheat condition deterioration from drought and freezes tightens HRW supply and supports prices, while planting ahead of average slightly eases corn planting risk.
dtnpf.comEllaMae ReiffApr 20, 2026After 180 past bullish report events, Wheat (HRW) moved a median +0.4% over 5 sessions (53% higher; middle half -2.1% to +3.7%), and -0.6% over 20.
After 769 past bullish report events, Wheat (SRW) moved a median +0.2% over 5 sessions (53% higher; middle half -1.4% to +2.0%), and +0.2% over 20.
After 770 past neutral report events, Corn moved a median +0.2% over 5 sessions (54% higher; middle half -1.1% to +1.6%), and +0.7% over 20.
After 563 past neutral report events, Soybeans moved a median -0.1% over 5 sessions (48% higher; middle half -1.7% to +1.6%), and -0.1% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
USDA crop progress showed a 4-point drop in winter wheat conditions to 30% G/E from drought, frost and freezes, a bullish supply signal.
