# Wheat needs hard facts

> Winter wheat futures fell sharply overnight after weak trading earlier in the week, despite lower crop condition ratings. Traders are discounting the condition reports as a yield indicator and are waiting for USDA's first official crop estimate on May 10.

- Date: 2018-04-12 · published 2018-04-12T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/65567-wheat-needs-hard-facts
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md)

## Why it matters

Prices are being set by expectations for the official USDA estimate rather than by ratings, so feed wheat values could move sharply once the May report is released.

## Read by commodity

- WHEAT: bearish ▼
- KWHEAT: bearish ▼

## Sources

- farmprogress.com: https://www.farmprogress.com/marketing/wheat-needs-hard-facts

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