You can see that this year 2022 shown in red, at 30% good to excellent. The second lowest ever, just 1996 at 27% is the only year that was lower than this year’s winter wheat crop rating. This was clearly viewed as bullish news today.

Last year’s shown in green was much above this year at 53% good to excellent and two years ago 2020 was even better, those years came in at or above average. The long-term average is shown in the black line, you can see clearly it was not only below average but one of the lowest ratings ever.