# CRMAgri - Latest - USDA Highlights: Wheat prices gain after US sowings forecast at lowest on record

> USDA's Prospective Plantings report put 2026 all-wheat plantings at 43.8M acres, the lowest since records began in 1919 and 1.0M acres below trade expectations. Winter wheat conditions in southern Plains states continued to deteriorate, with Kansas good/excellent ratings down 20 points this year, and HRW futures hit their highest spot level since June 2024.

- Date: 2026-03-31 · published 2026-03-31T12:00:00.000Z
- Category: report · region US · magnitude high
- Page: https://feedsoft.ai/events/20204-crmagri-latest-usda-highlights-wheat-prices-gain-after-us-sowings-forecast-at
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md), [Barley](https://feedsoft.ai/c/BARLEY.md), [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md)

## Why it matters

Smaller acreage plus Plains drought points to a smaller US wheat crop, supporting wheat prices and feed-grain substitution costs. Market reaction is bullish across SRW, HRW and spring classes.

## Read by commodity

- WHEAT: bullish ▲
- BARLEY: neutral
- KWHEAT: bullish ▲

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| KWHEAT | 2026-04-15 | 5 | +8.8% | 3.0 | Record-low US wheat plantings and deteriorating Kansas HRW conditions tightened expected supply and pushed HRW futures to their highest since mid-2024, which supports the price move. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2024-12-10 | [USDA forecasts lower US wheat stocks, raises corn exports in latest WASDE report \| Feed & Grain](https://feedsoft.ai/events/26902-usda-forecasts-lower-us-wheat-stocks-raises-corn-exports-in-latest-wasde-report.md) | -0.2% | -0.5% |
| WHEAT | 2017-08-10 | [USDA Forecasts Record-High Soybean Production in 2017](https://feedsoft.ai/events/69299-usda-forecasts-record-high-soybean-production-in-2017.md) | -0.2% | -0.6% |
| WHEAT | 2026-05-12 | [Lowest Hard Red Winter Wheat Production Since 1957 Highlighted in Latest WASDE Report - Oklahoma Farm Report](https://feedsoft.ai/events/19194-lowest-hard-red-winter-wheat-production-since-1957-highlighted-in-latest-wasde.md) | +2.0% | -3.2% |
| WHEAT | 2021-03-10 | [Wheat inches lower, subdued USDA forecast caps losses - Markets - Business Recorder](https://feedsoft.ai/events/7082-wheat-inches-lower-subdued-usda-forecast-caps-losses-markets-business-recorder.md) | -0.4% | -0.6% |
| WHEAT | 2022-09-30 | [UPDATE 1-U.S. Wheat Harvest Falls Below Forecasts; Prices Rally](https://feedsoft.ai/events/39630-update-1-u-s-wheat-harvest-falls-below-forecasts-prices-rally.md) | +0.4% | -10.7% |
| SOY | 2024-12-10 | [USDA forecasts lower US wheat stocks, raises corn exports in latest WASDE report \| Feed & Grain](https://feedsoft.ai/events/26902-usda-forecasts-lower-us-wheat-stocks-raises-corn-exports-in-latest-wasde-report.md) | -0.8% | -0.3% |
| SOY | 2025-05-15 | [USDA forecasts lower US soybean stocks, record crush for 2025/26 \| Feed & Grain](https://feedsoft.ai/events/24760-usda-forecasts-lower-us-soybean-stocks-record-crush-for-2025-26-feed-and-grain.md) | -0.4% | -2.3% |
| SOY | 2017-08-10 | [USDA Forecasts Record-High Soybean Production in 2017](https://feedsoft.ai/events/69299-usda-forecasts-record-high-soybean-production-in-2017.md) | -4.3% | +0.0% |

## Sources

- crmagri.com: https://crmagri.com/latest/wheat-prices-gain-after-us-forecasts-sowings-at-lowest-on-record

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