# How High Will Minneapolis Wheat Prices Go?

> USDA reported that only 11% of the US spring wheat crop was rated good to excellent as of July 18, the lowest since 1988. The July WASDE put spring wheat ending stocks at 119 million bushels, or 24% of use, the lowest stocks-to-use ratio since 2007-08.

- Date: 2021-07-23 · published 2021-07-23T12:00:00.000Z
- Category: weather · region US · magnitude medium
- Page: https://feedsoft.ai/events/46135-how-high-will-minneapolis-wheat-prices-go
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md)

## Why it matters

Very low spring wheat stocks-to-use leaves little cushion against supply shortfalls, which supports Minneapolis and KC wheat prices and widens their premium over normal relationships.

## Read by commodity

- WHEAT: bullish ▲
- KWHEAT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2017-02-02 | [Minneapolis leads wheat complex higher - Brownfield Ag News](https://feedsoft.ai/events/8598-minneapolis-leads-wheat-complex-higher-brownfield-ag-news.md) | +3.4% | +2.4% |
| WHEAT | 2019-05-29 | [How high can grain prices grow \| Saxo](https://feedsoft.ai/events/10898-how-high-can-grain-prices-grow-saxo.md) | +9.6% | +15.3% |
| WHEAT | 2019-09-23 | [U.S. grains: Minneapolis, K.C. wheat futures rise - Grainews](https://feedsoft.ai/events/57121-u-s-grains-minneapolis-k-c-wheat-futures-rise-grainews.md) | +2.7% | +3.7% |
| WHEAT | 2024-07-01 | [Have wheat prices peaked?](https://feedsoft.ai/events/29816-have-wheat-prices-peaked.md) | +6.6% | -1.3% |
| WHEAT | 2026-01-26 | [Wheat: Cold ground, hot market: wheat prices rise](https://feedsoft.ai/events/21101-wheat-cold-ground-hot-market-wheat-prices-rise.md) | +2.3% | +5.5% |
| KWHEAT | 2017-02-02 | [Minneapolis leads wheat complex higher - Brownfield Ag News](https://feedsoft.ai/events/8598-minneapolis-leads-wheat-complex-higher-brownfield-ag-news.md) | +0.3% | +4.5% |
| KWHEAT | 2024-07-01 | [Have wheat prices peaked?](https://feedsoft.ai/events/29816-have-wheat-prices-peaked.md) | -2.4% | -5.8% |
| KWHEAT | 2026-09-09 | [Kansas wheat prices hit 3-year high - Axios Kansas City](https://feedsoft.ai/events/17523-kansas-wheat-prices-hit-3-year-high-axios-kansas-city.md) | -1.1% | -6.0% |

## Sources

- dtnpf.com: https://www.dtnpf.com/agriculture/web/ag/news/article/2021/07/23/high-will-minneapolis-wheat-prices

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