# The Latest News About the U.S. Wheat Crop

> U.S. wheat futures rallied for seven days while corn and soybeans declined, as dry conditions in the Central and Southern Plains and in southern Russia and western Canada prompted short covering. Farmers sold old-crop HRW and HRS wheat into the rally, and storms on April 26 to 28 brought rain to some producing areas but missed much of the western Plains.

- Date: 2024-04-29 · published 2024-04-29T12:00:00.000Z
- Category: weather · region US · magnitude low
- Page: https://feedsoft.ai/events/30782-the-latest-news-about-the-u-s-wheat-crop
- Commodities: [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Dryness in HRW regions and farmer selling into strength are the two forces setting near-term wheat prices, with rain relief limiting the rally.

## Read by commodity

- WHEAT: bullish ▲
- KWHEAT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| KWHEAT | 2018-01-30 | [U.S. grains: Winter wheat jumps as crop conditions drop - Grainews](https://feedsoft.ai/events/67013-u-s-grains-winter-wheat-jumps-as-crop-conditions-drop-grainews.md) | +1.9% | +7.9% |
| KWHEAT | 2019-01-11 | [Small U.S. Winter Wheat Crop Likely - ProAg](https://feedsoft.ai/events/61148-small-u-s-winter-wheat-crop-likely-proag.md) | +1.1% | -0.9% |
| KWHEAT | 2018-02-27 | [U.S. grains: Wheat hits seven-month high on crop ratings - Grainews](https://feedsoft.ai/events/12433-u-s-grains-wheat-hits-seven-month-high-on-crop-ratings-grainews.md) | +11.7% | -2.0% |
| KWHEAT | 2018-02-08 | [U.S. Crop Conditions Fall as Drought Conditions Worsen - U.S. Wheat Associates](https://feedsoft.ai/events/66541-u-s-crop-conditions-fall-as-drought-conditions-worsen-u-s-wheat-associates.md) | -2.3% | +8.1% |
| KWHEAT | 2018-07-25 | [U.S. grains: Wheat near limit-up on yield concerns - Grainews](https://feedsoft.ai/events/64067-u-s-grains-wheat-near-limit-up-on-yield-concerns-grainews.md) | +9.2% | +4.9% |
| WHEAT | 2023-12-15 | [European wheat crop already on the ropes](https://feedsoft.ai/events/32654-european-wheat-crop-already-on-the-ropes.md) | +2.0% | +3.1% |
| WHEAT | 2018-01-30 | [U.S. grains: Winter wheat jumps as crop conditions drop - Grainews](https://feedsoft.ai/events/67013-u-s-grains-winter-wheat-jumps-as-crop-conditions-drop-grainews.md) | +2.0% | +2.0% |
| WHEAT | 2022-07-28 | [How big will Western Australia's wheat crop be? - Grain Price News](https://feedsoft.ai/events/40444-how-big-will-western-australia-s-wheat-crop-be-grain-price-news.md) | +4.6% | +0.7% |

## Sources

- uswheat.org: https://uswheat.org/wheatletter/articles-of-interest-the-latest-news-about-the-u-s-wheat-crop/

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