# November rain and holiday fervor are here - IBest Media

> Recent rains reached the Southern Plains after a dry late October with Dust Bowl-like conditions. USDA's first winter wheat rating showed 38% good-to-excellent, well below the 47% trade expectation, with Oklahoma and Texas at record lows.

- Date: 2024-11-02 · published 2024-11-02T12:00:00.000Z
- Category: weather · region US · magnitude medium
- Page: https://feedsoft.ai/events/8080-november-rain-and-holiday-fervor-are-here-ibest-media
- Commodities: [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Poor winter wheat conditions in the Southern Plains tighten HRW supplies and support wheat prices. Rain that misses the main Kansas and Colorado areas limits the upside.

## Read by commodity

- WHEAT: bullish ▲
- KWHEAT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| KWHEAT | 2026-07-06 | [Here are 3 big reasons for the grain market's post-4th of July rally - Pro Farmer](https://feedsoft.ai/events/10786-here-are-3-big-reasons-for-the-grain-market-s-post-4th-of-july-rally-pro-farmer.md) | +5.7% | +12.8% |
| KWHEAT | 2017-05-20 | [GRAIN MARKETS: Cold and wet forecast for Midwest lifts corn](https://feedsoft.ai/events/10219-grain-markets-cold-and-wet-forecast-for-midwest-lifts-corn.md) | -0.1% | +7.9% |
| KWHEAT | 2016-11-22 | [Spring 2017 will help heal U.S. hard red wheat woes \| World-grain.com \| November 22, 2016 14:51 \| World Grain](https://feedsoft.ai/events/73893-spring-2017-will-help-heal-u-s-hard-red-wheat-woes-world-grain-com-november-22.md) | -3.8% | -0.4% |
| KWHEAT | 2026-06-22 | [After drought and wildfires, wheat farmers in the Great Plains are in for a rough year \| HPPR](https://feedsoft.ai/events/18863-after-drought-and-wildfires-wheat-farmers-in-the-great-plains-are-in-for-a.md) | -5.1% | +12.4% |
| KWHEAT | 2018-05-29 | [Wheat prices are rising because of the hot and dry weather](https://feedsoft.ai/events/65065-wheat-prices-are-rising-because-of-the-hot-and-dry-weather.md) | -7.5% | -16.7% |
| WHEAT | 2024-08-31 | [India braces for another month of above-average rainfall in September](https://feedsoft.ai/events/28728-india-braces-for-another-month-of-above-average-rainfall-in-september.md) | +3.6% | +14.4% |
| WHEAT | 2026-07-06 | [Here are 3 big reasons for the grain market's post-4th of July rally - Pro Farmer](https://feedsoft.ai/events/10786-here-are-3-big-reasons-for-the-grain-market-s-post-4th-of-july-rally-pro-farmer.md) | +0.2% | +1.3% |
| WHEAT | 2017-11-19 | [Daily market wire 20 November 2017 - Grain Central](https://feedsoft.ai/events/68031-daily-market-wire-20-november-2017-grain-central.md) | -3.0% | -2.7% |

## Sources

- ibestmedia.com: https://www.ibestmedia.com/post/53192.html

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