# WHEAT SCOOPS: Harvest contract cash wheat prices $5.50-$6.50

> Oklahoma State University analysis notes Hard Red Winter wheat harvest contracts were forward-priced near $6.07 a bushel in mid-April 2021, down from $6.51 in February. The article flags freezing weather on April 19 to 21 with unknown yield impact and a forecast of above-average temperatures and below-average rain. U.S. wheat ending stocks are projected at 852 million bushels.

- Date: 2021-04-26 · published 2021-04-26T12:00:00.000Z
- Category: weather · region US · magnitude medium
- Page: https://feedsoft.ai/events/9792-wheat-scoops-harvest-contract-cash-wheat-prices-5-50-6-50
- Commodities: [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Dry, warm forecasts for the HRW belt threaten yields and could keep harvest-delivery prices firm. Tight projected ending stocks support wheat values for feed use.

## Read by commodity

- WHEAT: bullish ▲
- KWHEAT: bullish ▲

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| KWHEAT | 2021-04-25 | 5 | +13.0% | 4.1 | Freezing temperatures on April 19-21 with unknown yield impact, plus a hot and dry forecast, raised HRW crop-risk concerns in the window of the rally, a plausible supply-side driver, though the article notes forward prices were lower than in February. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| KWHEAT | 2021-03-18 | [WHEAT SCOOPS: Down 50 cents and still a good price](https://feedsoft.ai/events/48159-wheat-scoops-down-50-cents-and-still-a-good-price.md) | -4.1% | +1.1% |
| KWHEAT | 2024-07-01 | [Have wheat prices peaked?](https://feedsoft.ai/events/29816-have-wheat-prices-peaked.md) | -2.4% | -5.8% |
| KWHEAT | 2023-02-14 | [Wheat prices are supported by forecasts of a reduced harvest next season](https://feedsoft.ai/events/37374-wheat-prices-are-supported-by-forecasts-of-a-reduced-harvest-next-season.md) | -0.9% | -10.8% |
| KWHEAT | 2026-09-21 | [Wheat prices near multi-year highs as war, weather, and harvest shortfalls converge By Investing.com](https://feedsoft.ai/events/9695-wheat-prices-near-multi-year-highs-as-war-weather-and-harvest-shortfalls.md) | -4.1% | -10.0% |
| KWHEAT | 2026-01-26 | [Wheat: Cold ground, hot market: wheat prices rise](https://feedsoft.ai/events/21101-wheat-cold-ground-hot-market-wheat-prices-rise.md) | +0.7% | +3.6% |
| WHEAT | 2021-03-18 | [WHEAT SCOOPS: Down 50 cents and still a good price](https://feedsoft.ai/events/48159-wheat-scoops-down-50-cents-and-still-a-good-price.md) | +0.9% | -3.3% |
| WHEAT | 2024-07-01 | [Have wheat prices peaked?](https://feedsoft.ai/events/29816-have-wheat-prices-peaked.md) | +6.6% | -1.3% |
| WHEAT | 2019-05-21 | [Wet US conditions boost corn wheat prices \| Saxo](https://feedsoft.ai/events/5630-wet-us-conditions-boost-corn-wheat-prices-saxo.md) | -13.2% | -6.0% |

## Sources

- farmprogress.com: https://www.farmprogress.com/wheat/wheat-scoops-harvest-contract-cash-wheat-prices-5-50-6-50

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