# Wheat Market in a Downward Trend | Red River Farm Network

> Recent rains improved moisture for the Southern Plains winter wheat crop, according to RML Trading, which describes the wheat market as in a downtrend after a double top. Dryness in the Northern Plains and Canada is raising questions for Minneapolis spring wheat. Spring wheat acreage demand is weak and world wheat supply estimates have eased only slightly.

- Date: 2021-03-25 · published 2021-03-25T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/48162-wheat-market-in-a-downward-trend-red-river-farm-network
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md)

## Why it matters

Improved Plains moisture reduces weather risk and supports a bearish near-term tone for wheat. Northern Plains dryness is the main upside risk to spring wheat prices.

## Read by commodity

- WHEAT: bearish ▼
- KWHEAT: bearish ▼

## Sources

- rrfn.com: https://www.rrfn.com/2021/03/25/wheat-market-in-a-downward-trend/

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