# Feeling Bullish About Wheat Prices Again? - Alberta Grains

> Grain markets rallied in the second half of April as weather and geopolitical premiums returned to corn and wheat. US winter wheat was rated 27% good-to-excellent and 37% poor-to-very poor, while North Dakota and Minnesota remained snow-covered and frosty, delaying planting and raising the prospect of a 1 to 2 million acre swing in crop mix.

- Date: 2023-04-17 · published 2023-04-17T12:00:00.000Z
- Category: weather · region US · magnitude medium
- Page: https://feedsoft.ai/events/36465-feeling-bullish-about-wheat-prices-again-alberta-grains
- Commodities: [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md), [Corn](https://feedsoft.ai/c/CORN.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Late planting in the northern Plains and poor HRW conditions support prices, and the acreage shift could tighten corn, soybean and spring wheat balances.

## Read by commodity

- SOY: neutral
- CORN: bullish ▲
- WHEAT: bullish ▲
- KWHEAT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| KWHEAT | 2021-12-29 | [Checking for Tailwinds in Wheat - Alberta Grains](https://feedsoft.ai/events/43648-checking-for-tailwinds-in-wheat-alberta-grains.md) | -2.2% | -0.7% |
| KWHEAT | 2021-11-29 | [Wheat Markets Find New Legs in Australia - Alberta Grains](https://feedsoft.ai/events/44081-wheat-markets-find-new-legs-in-australia-alberta-grains.md) | -5.0% | -2.1% |
| KWHEAT | 2018-03-05 | [U.S. grains: Wheat, soybeans firm - Alberta Farmer Express](https://feedsoft.ai/events/12437-u-s-grains-wheat-soybeans-firm-alberta-farmer-express.md) | -2.7% | -10.4% |
| KWHEAT | 2024-10-10 | [Harsh weather curbs global wheat output, buoys prices - Grainews](https://feedsoft.ai/events/27902-harsh-weather-curbs-global-wheat-output-buoys-prices-grainews.md) | -3.3% | -5.7% |
| KWHEAT | 2020-07-30 | [Russian Wheat Export Tax Boosts Grain Prices](https://feedsoft.ai/events/52024-russian-wheat-export-tax-boosts-grain-prices.md) | -4.3% | +1.0% |
| CORN | 2024-10-10 | [Harsh weather curbs global wheat output, buoys prices - Grainews](https://feedsoft.ai/events/27902-harsh-weather-curbs-global-wheat-output-buoys-prices-grainews.md) | -2.6% | +0.4% |
| CORN | 2024-08-23 | [Wheat prices in Ukraine fall under pressure from falling world prices](https://feedsoft.ai/events/28813-wheat-prices-in-ukraine-fall-under-pressure-from-falling-world-prices.md) | +0.2% | +6.1% |
| CORN | 2018-05-22 | [U.S. grains: Wheat rallies on Plains dryness, technical buying - AgCanada](https://feedsoft.ai/events/10917-u-s-grains-wheat-rallies-on-plains-dryness-technical-buying-agcanada.md) | +0.7% | -7.9% |

## Sources

- albertagrains.com: https://www.albertagrains.com/combined-markets/market-insider/feeling-bullish-about-wheat-prices-again

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