# Wheat Outlook: Opportunity amidst chaos - Dakota Midland Grain

> Low domestic wheat prices have driven US winter wheat plantings to a record low, with the durum crop also expected to be very small. Cold weather and April hail threatened Southern Plains yields, and only 55% of the winter wheat crop was rated good to excellent as of May 3.

- Date: 2020-05-07 · published 2020-05-07T12:00:00.000Z
- Category: weather · region US · magnitude medium
- Page: https://feedsoft.ai/events/53056-wheat-outlook-opportunity-amidst-chaos-dakota-midland-grain
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md)

## Why it matters

Record-low acreage and yield risk in the Plains point to a smaller US wheat crop, which could support wheat prices and reduce cheap wheat feeding options.

## Read by commodity

- WHEAT: bullish ▲
- KWHEAT: bullish ▲

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| KWHEAT | 2020-05-07 | 1 | +5.5% | 3.2 | Dated the same day as the move, it reports record-low winter wheat plantings, cold weather and April hail threatening Southern Plains HRW yields, and only 55% of the crop rated good to excellent, a supply-side tightening that supports HRW prices. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2022-08-02 | [Argentina loses export opportunity - Grain Central](https://feedsoft.ai/events/14014-argentina-loses-export-opportunity-grain-central.md) | +6.2% | -3.7% |
| WHEAT | 2023-06-12 | [Coceral cuts EU grain harvest outlook on dry weather](https://feedsoft.ai/events/35420-coceral-cuts-eu-grain-harvest-outlook-on-dry-weather.md) | +1.1% | +0.2% |
| WHEAT | 2021-12-17 | [Drought and Demand Drive the 2022 Wheat Outlook - AgWeb](https://feedsoft.ai/events/43643-drought-and-demand-drive-the-2022-wheat-outlook-agweb.md) | +4.9% | +7.3% |
| WHEAT | 2018-06-01 | [Feed grain price outlook](https://feedsoft.ai/events/65092-feed-grain-price-outlook.md) | +0.3% | -2.1% |
| WHEAT | 2020-10-08 | [The challenge of a second 8.0Mt+ UK barley crop – UK barley outlook: Grain market daily \| AHDB](https://feedsoft.ai/events/50707-the-challenge-of-a-second-8-0mt-uk-barley-crop-uk-barley-outlook-grain-market.md) | +0.0% | -0.6% |
| KWHEAT | 2026-09-02 | [Dryness meets opportunity in US wheat country \| World Grain](https://feedsoft.ai/events/17527-dryness-meets-opportunity-in-us-wheat-country-world-grain.md) | -4.1% | -11.2% |
| KWHEAT | 2022-08-02 | [Argentina loses export opportunity - Grain Central](https://feedsoft.ai/events/14014-argentina-loses-export-opportunity-grain-central.md) | -2.2% | +5.3% |
| KWHEAT | 2021-12-17 | [Drought and Demand Drive the 2022 Wheat Outlook - AgWeb](https://feedsoft.ai/events/43643-drought-and-demand-drive-the-2022-wheat-outlook-agweb.md) | +7.2% | -7.3% |

## Sources

- dakotamidland.com: https://www.dakotamidland.com/story-wheat-outlook-opportunity-amidst-chaos-22-202517

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