# Canada Know-Risk Market Outlook | HRW Wheat Ratings Improve

> StoneX reported that USDA HRW wheat ratings improved, with Kansas good/excellent up 11% to 54% and Nebraska up 21% to 69%. Soybean export inspections fell to 32.7 million bushels, the lowest since September, and canola was testing key support near 600 dollars.

- Date: 2024-01-29 · published 2024-01-29T12:00:00.000Z
- Category: report · region US · magnitude low
- Page: https://feedsoft.ai/events/32173-canada-know-risk-market-outlook-hrw-wheat-ratings-improve
- Commodities: [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Canola Meal](https://feedsoft.ai/c/CANMEAL.md)

## Why it matters

Better HRW crop conditions reduce drought-related supply concern and weigh on HRW prices. Weak soybean export inspections point to soft demand for oilseeds and meal.

## Read by commodity

- SOY: bearish ▼
- KWHEAT: bearish ▼
- CANMEAL: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| KWHEAT | 2025-03-17 | [Wheat Market Outlook – March 17, 2025 \| Sask Wheat](https://feedsoft.ai/events/5623-wheat-market-outlook-march-17-2025-sask-wheat.md) | +2.7% | -1.0% |
| KWHEAT | 2024-07-15 | [Wheat Market Outlook – July 15, 2024 \| Sask Wheat](https://feedsoft.ai/events/9370-wheat-market-outlook-july-15-2024-sask-wheat.md) | -5.6% | -8.3% |
| KWHEAT | 2025-06-30 | [Wheat Market Outlook – June 30, 2025 \| Sask Wheat](https://feedsoft.ai/events/24270-wheat-market-outlook-june-30-2025-sask-wheat.md) | -1.5% | +1.9% |
| KWHEAT | 2020-06-29 | [Wheat Market Outlook – June 29th, 2020 \| Sask Wheat](https://feedsoft.ai/events/52643-wheat-market-outlook-june-29th-2020-sask-wheat.md) | +2.7% | +4.3% |
| KWHEAT | 2020-08-31 | [Wheat Market Outlook – August 31st, 2020 \| Sask Wheat](https://feedsoft.ai/events/51653-wheat-market-outlook-august-31st-2020-sask-wheat.md) | +2.8% | +4.5% |
| SOY | 2024-01-16 | [Canola Market Outlook: January 15, 2024](https://feedsoft.ai/events/32221-canola-market-outlook-january-15-2024.md) | +1.5% | -1.1% |
| SOY | 2025-09-17 | [ICE Canada Weekly Outlook : More Declines on Horizon for Canola \| MarketScreener](https://feedsoft.ai/events/22997-ice-canada-weekly-outlook-more-declines-on-horizon-for-canola-marketscreener.md) | -3.6% | -4.1% |
| SOY | 2017-08-01 | [Soybeans sell off on improved ratings](https://feedsoft.ai/events/12259-soybeans-sell-off-on-improved-ratings.md) | -3.5% | -6.0% |

## Sources

- stonex.com: https://www.stonex.com/en-us/insights/canada-know-risk-market-outlook-hrw-wheat-ratings-improve/

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