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The USDA cut the US winter wheat good-to-excellent rating from 52% to 50%, and the first spring wheat rating came in at 45%, well below expectations. Moisture concerns were also noted on the Canadian Prairies.
A weaker-than-expected spring wheat crop rating tightens near-term supply expectations for milling wheat. This supports wheat prices, especially spring and hard red classes.
realagriculture.comRealAgriculture Market TeamMay 29, 2025After 769 past bullish report events, WHEAT moved a median +0.2% over 5 sessions (53% higher; middle half -1.4% to +2.0%), and +0.2% over 20.
After 180 past bullish report events, KWHEAT moved a median +0.4% over 5 sessions (53% higher; middle half -2.1% to +3.7%), and -0.6% 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.
