# Drought and U.S. Rail Rates Prop Up U.S. Export Prices - U.S. Wheat Associates

> U.S. hard red winter wheat export cash prices have risen about 73 cents since January, with futures climbing from $4.37 to $5.64 per bushel by May 25. Drought in the Plains has cut HRW condition ratings, and USDA expects world wheat consumption to exceed production in 2018/19 due to smaller Black Sea crops.

- Date: 2018-05-31 · published 2018-05-31T12:00:00.000Z
- Category: weather · region US · magnitude medium
- Page: https://feedsoft.ai/events/64934-drought-and-u-s-rail-rates-prop-up-u-s-export-prices-u-s-wheat-associates
- Commodities: [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md)

## Why it matters

Drought-reduced U.S. HRW supply combined with tighter Black Sea supplies and high rail rates supports higher HRW wheat prices and export values.

## Read by commodity

- KWHEAT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| KWHEAT | 2018-06-06 | [Drought and US rail rates prop up export prices - High Plains Journal](https://feedsoft.ai/events/64574-drought-and-us-rail-rates-prop-up-export-prices-high-plains-journal.md) | +4.6% | -12.6% |
| KWHEAT | 2018-02-08 | [U.S. Crop Conditions Fall as Drought Conditions Worsen - U.S. Wheat Associates](https://feedsoft.ai/events/66541-u-s-crop-conditions-fall-as-drought-conditions-worsen-u-s-wheat-associates.md) | -2.3% | +8.1% |
| KWHEAT | 2019-10-17 | [Crop Quality Concerns, Minimal Farmer Selling Drive U.S. Spring Wheat Export Prices - U.S. Wheat Associates](https://feedsoft.ai/events/56609-crop-quality-concerns-minimal-farmer-selling-drive-u-s-spring-wheat-export.md) | -0.4% | -0.1% |
| KWHEAT | 2022-11-03 | [Wheat prices up amid war, expanding drought \| texaswheat.org](https://feedsoft.ai/events/7292-wheat-prices-up-amid-war-expanding-drought-texaswheat-org.md) | -1.1% | -4.0% |
| KWHEAT | 2026-04-30 | [Wheat Prices Jump as Drought Threatens U.S. Output - WSJ](https://feedsoft.ai/events/19766-wheat-prices-jump-as-drought-threatens-u-s-output-wsj.md) | -2.1% | -3.6% |

## Sources

- uswheat.org: https://uswheat.org/wheatletter/drought-and-u-s-rail-rates-prop-up-u-s-export-prices/

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