# Finding a Winter Bottom - Alberta Grains

> Grain futures fell through late February, with Kansas City HRW wheat the only commodity posting gains in the past week. USDA's February Outlook Forum projected 91M acres of corn, 87.5M of soybeans and 47M of all wheat for 2024, with wheat production expected higher on better Southern Plains moisture.

- Date: 2024-02-27 · published 2024-02-27T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/31710-finding-a-winter-bottom-alberta-grains
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md), [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Larger expected wheat output and very large corn ending stocks point to continued price pressure on feed grains. Lower corn prices are dragging wheat lower, which keeps feed costs soft for buyers.

## Read by commodity

- SOY: bearish ▼
- CORN: bearish ▼
- WHEAT: bearish ▼
- KWHEAT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2017-07-12 | [Corn, winter wheat drag grains lower, as US supply](https://feedsoft.ai/events/69892-corn-winter-wheat-drag-grains-lower-as-us-supply.md) | -2.2% | -2.1% |
| WHEAT | 2025-03-04 | [Bumper winter crop on tap for Australia \| World Grain](https://feedsoft.ai/events/25543-bumper-winter-crop-on-tap-for-australia-world-grain.md) | +0.1% | +2.8% |
| WHEAT | 2017-02-14 | [Winter crop crosses the finish line on a record high - Grain Central](https://feedsoft.ai/events/72460-winter-crop-crosses-the-finish-line-on-a-record-high-grain-central.md) | -0.8% | -1.2% |
| WHEAT | 2021-06-07 | [Winter crop area heading towards record high: ABARES - Grain Central](https://feedsoft.ai/events/46543-winter-crop-area-heading-towards-record-high-abares-grain-central.md) | +1.2% | -2.1% |
| WHEAT | 2025-09-02 | [Australia’s winter crops forecast surges \| World Grain](https://feedsoft.ai/events/22824-australia-s-winter-crops-forecast-surges-world-grain.md) | -1.4% | -1.7% |
| KWHEAT | 2017-07-12 | [Corn, winter wheat drag grains lower, as US supply](https://feedsoft.ai/events/69892-corn-winter-wheat-drag-grains-lower-as-us-supply.md) | -7.1% | -14.9% |
| KWHEAT | 2020-03-07 | [Are we near the bottom?  — This week in the grain markets - RealAgriculture](https://feedsoft.ai/events/7988-are-we-near-the-bottom-this-week-in-the-grain-markets-realagriculture.md) | -1.8% | +7.5% |
| KWHEAT | 2025-11-17 | [Grains: November WASDE provides some clarity with China the near-term swing factor \| Saxo Bank](https://feedsoft.ai/events/7894-grains-november-wasde-provides-some-clarity-with-china-the-near-term-swing.md) | -0.8% | -0.6% |

## Sources

- albertagrains.com: https://www.albertagrains.com/combined-markets/market-insider/finding-a-winter-bottom

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