# Premiums for Protein on the Rise - U.S. Wheat Associates

> Rain in the U.S. Northern Plains this week was bookended by hot, windy conditions and did little to ease drought. USDA reported 45% of spring wheat in good to excellent condition on June 13, the lowest for that week on record. The nearby MGEX HRS wheat futures contract had rallied 8% in two weeks to $6.28 per bushel.

- Date: 2017-06-15 · published 2017-06-15T12:00:00.000Z
- Category: weather · region US · magnitude medium
- Page: https://feedsoft.ai/events/70538-premiums-for-protein-on-the-rise-u-s-wheat-associates
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md)

## Why it matters

Deteriorating spring wheat conditions tighten supply of high-protein wheat, which lifts HRS futures and widens protein premiums over HRW. Buyers should expect firm wheat prices while drought persists.

## Read by commodity

- WHEAT: bullish ▲
- KWHEAT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2018-08-08 | [Ahead of USDA Report, Wheat Futures on a Powder Keg - U.S. Wheat Associates](https://feedsoft.ai/events/63579-ahead-of-usda-report-wheat-futures-on-a-powder-keg-u-s-wheat-associates.md) | -3.0% | +3.0% |
| WHEAT | 2020-12-01 | [U.S. Grain Buyers Grab for High-Protein Wheat \| Feed & Grain](https://feedsoft.ai/events/49687-u-s-grain-buyers-grab-for-high-protein-wheat-feed-and-grain.md) | +9.5% | +8.9% |
| WHEAT | 2017-12-14 | [World Wheat Conditions Roundup - U.S. Wheat Associates](https://feedsoft.ai/events/67426-world-wheat-conditions-roundup-u-s-wheat-associates.md) | +1.3% | +2.5% |
| WHEAT | 2017-07-27 | [US summer wheat: profit losses are once again the focus](https://feedsoft.ai/events/7127-us-summer-wheat-profit-losses-are-once-again-the-focus.md) | +6.5% | -1.1% |
| WHEAT | 2018-12-13 | [Global Production Continues to Decrease Due to Weather Problems in Australia and Russia - U.S. Wheat Associates](https://feedsoft.ai/events/7510-global-production-continues-to-decrease-due-to-weather-problems-in-australia.md) | +2.5% | +2.0% |
| KWHEAT | 2018-08-08 | [Ahead of USDA Report, Wheat Futures on a Powder Keg - U.S. Wheat Associates](https://feedsoft.ai/events/63579-ahead-of-usda-report-wheat-futures-on-a-powder-keg-u-s-wheat-associates.md) | -5.8% | -13.4% |
| KWHEAT | 2018-05-31 | [Drought and U.S. Rail Rates Prop Up U.S. Export Prices - U.S. Wheat Associates](https://feedsoft.ai/events/64934-drought-and-u-s-rail-rates-prop-up-u-s-export-prices-u-s-wheat-associates.md) | -0.2% | -14.9% |
| KWHEAT | 2020-12-01 | [U.S. Grain Buyers Grab for High-Protein Wheat \| Feed & Grain](https://feedsoft.ai/events/49687-u-s-grain-buyers-grab-for-high-protein-wheat-feed-and-grain.md) | -0.6% | +7.2% |

## Sources

- uswheat.org: https://uswheat.org/wheatletter/premiums-for-protein-on-the-rise/

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