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

> StoneX reports HRW wheat leading the market lower after good/excellent ratings rose 2% to 21%, still down 9% year over year. It also notes Ukraine's agribusiness groups expect 2023 grain output of 35-40 MMT and a possible 30% drop in corn plantings.

- Date: 2023-01-31 · published 2023-01-31T12:00:00.000Z
- Category: weather · region US · magnitude low
- Page: https://feedsoft.ai/events/37824-canada-know-risk-market-outlook-us-hrw-wheat-ratings-improve
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md), [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md)

## Why it matters

Improving US HRW crop ratings weigh on wheat prices, while Ukraine's expected output drop could tighten exportable supplies later in the year.

## Read by commodity

- CORN: bullish ▲
- WHEAT: bearish ▼
- KWHEAT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2019-04-23 | [Global Wheat Market Outlook For Australian Growers](https://feedsoft.ai/events/59641-global-wheat-market-outlook-for-australian-growers.md) | -4.2% | -0.6% |
| WHEAT | 2021-06-18 | [Farming News - Wheat & Oilseed market update from ADM - UK wheat conditions continue to improve](https://feedsoft.ai/events/7307-farming-news-wheat-and-oilseed-market-update-from-adm-uk-wheat-conditions.md) | -7.5% | -11.2% |
| WHEAT | 2021-03-12 | [Wheat flat; set for second weekly drop as US weather improves - Markets - Business Recorder](https://feedsoft.ai/events/5121-wheat-flat-set-for-second-weekly-drop-as-us-weather-improves-markets-business.md) | -0.3% | +0.5% |
| WHEAT | 2019-04-03 | [U.S. grains: Improving weather view weighs on wheat - AgCanada](https://feedsoft.ai/events/59643-u-s-grains-improving-weather-view-weighs-on-wheat-agcanada.md) | +3.3% | -2.9% |
| WHEAT | 2023-06-01 | [Feed weekly outlook: Weather market will determine grain prices - AgCanada](https://feedsoft.ai/events/35565-feed-weekly-outlook-weather-market-will-determine-grain-prices-agcanada.md) | -3.6% | +8.1% |
| SOY | 2023-07-17 | [Canada Know-Risk Market Outlook \| Dry Conditions Stress Canola](https://feedsoft.ai/events/35146-canada-know-risk-market-outlook-dry-conditions-stress-canola.md) | +0.4% | -6.3% |
| SOY | 2018-07-24 | [Crop Ratings Improve](https://feedsoft.ai/events/63865-crop-ratings-improve.md) | +3.2% | +4.0% |
| SOY | 2024-04-22 | [U.S. grains: Wheat futures rally as weather risks rattle markets - AgCanada](https://feedsoft.ai/events/12140-u-s-grains-wheat-futures-rally-as-weather-risks-rattle-markets-agcanada.md) | +0.8% | +6.7% |

## Sources

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

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