# Markets react to USDA wheat downgrade and moisture concerns on the Prairies - RealAgriculture

> 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.

- Date: 2025-05-29 · published 2025-05-29T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/24748-markets-react-to-usda-wheat-downgrade-and-moisture-concerns-on-the-prairies
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md)

## Why it matters

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.

## Read by commodity

- WHEAT: bullish ▲
- KWHEAT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2017-08-31 | [StatsCan production report: canola and wheat production down but soybeans production up big - RealAgriculture](https://feedsoft.ai/events/69432-statscan-production-report-canola-and-wheat-production-down-but-soybeans.md) | +0.5% | -2.7% |
| 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 | 2019-09-13 | [AgroPages-USDA, WASDE Reports Rallies The Soybean Market 29¢.-Agricultural news](https://feedsoft.ai/events/10851-agropages-usda-wasde-reports-rallies-the-soybean-market-29-agricultural-news.md) | +2.2% | +0.7% |
| WHEAT | 2019-09-15 | [Markets have bullish reaction to USDA report - Agweek \| #1 source for agriculture news, farming, markets](https://feedsoft.ai/events/9892-markets-have-bullish-reaction-to-usda-report-agweek-1-source-for-agriculture.md) | +2.1% | +1.2% |
| WHEAT | 2020-01-15 | [Markets react as USDA reduces production estimates \| The Rural \| Wagga Wagga, NSW](https://feedsoft.ai/events/55031-markets-react-as-usda-reduces-production-estimates-the-rural-wagga-wagga-nsw.md) | +0.0% | -5.4% |
| KWHEAT | 2020-01-15 | [Markets react as USDA reduces production estimates \| The Rural \| Wagga Wagga, NSW](https://feedsoft.ai/events/55031-markets-react-as-usda-reduces-production-estimates-the-rural-wagga-wagga-nsw.md) | -0.9% | -5.2% |
| KWHEAT | 2021-07-12 | [July WASDE optimistic for wheat but less so for corn and soybeans - Agweek \| #1 source for agriculture news, farming, markets](https://feedsoft.ai/events/46005-july-wasde-optimistic-for-wheat-but-less-so-for-corn-and-soybeans-agweek-1.md) | +8.8% | +17.8% |
| KWHEAT | 2019-11-20 | [Wheat prices rose on the results of the tender and data on crops in the United States](https://feedsoft.ai/events/11888-wheat-prices-rose-on-the-results-of-the-tender-and-data-on-crops-in-the-united.md) | +1.6% | +8.6% |

## Sources

- realagriculture.com: https://www.realagriculture.com/2025/05/markets-react-to-usda-wheat-downgrade-and-moisture-concerns-on-the-prairies/

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