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Hard Red Spring wheat crop ratings are near a 40-year low, and wheat prices are holding at technical support. Soybeans fell on new short positions, and the weather outlook is leaning bearish for the crop.
Poor spring wheat crop ratings tighten northern wheat supplies and support prices, while a bearish weather outlook for soybeans weighs on that crop. Buyers should watch crop-condition reports for further moves.
walshtrading.comHans SchmitMay 29, 2025After 1,072 past bullish weather events, WHEAT moved a median +0.2% over 5 sessions (55% higher; middle half -1.4% to +2.3%), and +0.3% over 20.
After 363 past bearish weather events, SOY moved a median -0.6% over 5 sessions (42% higher; middle half -2.5% to +1.1%), and -0.2% 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.
