# ANALYSIS - Hard wheat futures build premium, as US seedlings struggle - Grain Price News

> USDA crop scouts reported North Dakota winter wheat rated 86% good or excellent after rains, while Montana improved to 41% good or excellent. The national winter wheat rating rose only 2 points to 32% good or excellent, the weakest for this time of year since 1995, with Kansas at 24%.

- Date: 2022-11-15 · published 2022-11-15T12:00:00.000Z
- Category: weather · region US · magnitude medium
- Page: https://feedsoft.ai/events/38725-analysis-hard-wheat-futures-build-premium-as-us-seedlings-struggle-grain-price
- Commodities: [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

A historically poor HRW crop rating in Kansas supports hard wheat futures and the premium over SRW, raising feed wheat costs for buyers if dryness persists.

## Read by commodity

- WHEAT: neutral
- KWHEAT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| KWHEAT | 2017-05-02 | [Grain prices: wheat futures bounce back - 02 May 2017 Premium](https://feedsoft.ai/events/6139-grain-prices-wheat-futures-bounce-back-02-may-2017-premium.md) | -4.5% | -4.3% |
| KWHEAT | 2017-05-03 | [U.S. grains: Wheat futures flat as damage assessed - Grainews](https://feedsoft.ai/events/7002-u-s-grains-wheat-futures-flat-as-damage-assessed-grainews.md) | -6.1% | -5.1% |
| KWHEAT | 2017-06-28 | [U.S. grains: Spring wheat futures top US$7 on weather worries - Grainews](https://feedsoft.ai/events/70514-u-s-grains-spring-wheat-futures-top-us-7-on-weather-worries-grainews.md) | +20.6% | +4.0% |
| KWHEAT | 2019-12-17 | [Confluence of bullish news sends wheat futures higher - AgCanada](https://feedsoft.ai/events/6296-confluence-of-bullish-news-sends-wheat-futures-higher-agcanada.md) | -0.8% | +7.5% |
| KWHEAT | 2022-06-17 | [Dryness in Argentina, France adds to world wheat headaches - Grain Price News](https://feedsoft.ai/events/40877-dryness-in-argentina-france-adds-to-world-wheat-headaches-grain-price-news.md) | -13.6% | -23.9% |
| WHEAT | 2022-10-25 | [Return of rains boost EU grain sowings, but mixed blessing for rapeseed - Grain Price News](https://feedsoft.ai/events/39064-return-of-rains-boost-eu-grain-sowings-but-mixed-blessing-for-rapeseed-grain.md) | -5.1% | +3.4% |
| WHEAT | 2018-02-07 | [Grain prices: a week of downward movements -  Premium](https://feedsoft.ai/events/66560-grain-prices-a-week-of-downward-movements-premium.md) | +0.3% | +2.2% |
| WHEAT | 2017-10-24 | [Grain prices: wet weather hits winter sowings across Europe - 24 October 2017 Premium](https://feedsoft.ai/events/68484-grain-prices-wet-weather-hits-winter-sowings-across-europe-24-october-2017.md) | -4.3% | -5.8% |

## Sources

- grainpricenews.com: https://grainpricenews.com/2022/11/15/analysis-hard-wheat-futures-build-premium-as-us-seedlings-struggle/

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