# WHEAT SCOOP: First look into 2021/22 wheat marketing year

> A farm-press analysis of the 2021/22 US wheat marketing year notes USDA projected an average price of $5.50 per bushel, versus about $5 in the prior year. Harvest-delivery bids were around $6.40 in early March. The article explains how June-August prices weigh heavily in the annual average because most Oklahoma HRW is sold then.

- Date: 2021-03-08 · published 2021-03-08T12:00:00.000Z
- Category: report · region US · magnitude low
- Page: https://feedsoft.ai/events/48161-wheat-scoop-first-look-into-2021-22-wheat-marketing-year
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md)

## Why it matters

USDA's price projection and firm harvest bids point to a higher wheat cost base for feed formulators in the coming marketing year. Prices are expected to stay firm, supporting wheat as a feed ingredient.

## Read by commodity

- WHEAT: bullish ▲
- KWHEAT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2021-05-27 | [World Wheat Market Factors to Watch in the New U.S. Marketing Year](https://feedsoft.ai/events/47134-world-wheat-market-factors-to-watch-in-the-new-u-s-marketing-year.md) | -1.6% | -2.9% |
| WHEAT | 2023-05-24 | [USDA Reports Provides First Look Into 2023/24 Crop Year](https://feedsoft.ai/events/35983-usda-reports-provides-first-look-into-2023-24-crop-year.md) | -2.4% | -2.7% |
| WHEAT | 2024-04-29 | [Wheat Market Outlook – April 29, 2024 \| Sask Wheat](https://feedsoft.ai/events/30780-wheat-market-outlook-april-29-2024-sask-wheat.md) | -1.8% | +21.1% |
| WHEAT | 2020-07-27 | [Wheat Market Outlook – July 27th, 2020 \| Sask Wheat](https://feedsoft.ai/events/52148-wheat-market-outlook-july-27th-2020-sask-wheat.md) | +0.4% | -1.6% |
| WHEAT | 2018-08-27 | [Wheat Market Outlook – August 27th, 2018 \| Sask Wheat](https://feedsoft.ai/events/63572-wheat-market-outlook-august-27th-2018-sask-wheat.md) | +2.1% | +0.2% |
| KWHEAT | 2021-05-27 | [World Wheat Market Factors to Watch in the New U.S. Marketing Year](https://feedsoft.ai/events/47134-world-wheat-market-factors-to-watch-in-the-new-u-s-marketing-year.md) | +4.3% | +1.2% |
| KWHEAT | 2023-05-24 | [USDA Reports Provides First Look Into 2023/24 Crop Year](https://feedsoft.ai/events/35983-usda-reports-provides-first-look-into-2023-24-crop-year.md) | -6.1% | +3.5% |
| KWHEAT | 2024-04-29 | [Wheat Market Outlook – April 29, 2024 \| Sask Wheat](https://feedsoft.ai/events/30780-wheat-market-outlook-april-29-2024-sask-wheat.md) | +2.1% | +11.6% |

## Sources

- farmprogress.com: https://www.farmprogress.com/wheat/wheat-scoop-first-look-into-2021-22-wheat-marketing-year

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