# Wheat Futures Challenged to Maintain Current Uptrend

> December hard red spring wheat futures ended lower after testing resistance near $4.98 3/4 for a second session. USDA's September WASDE raised projected 2016/17 global demand growth to 3.8%, outpacing production growth of 1.4%, which lowered estimated ending stocks.

- Date: 2016-09-13 · published 2016-09-13T12:00:00.000Z
- Category: report · region Global · magnitude medium
- Page: https://feedsoft.ai/events/10182-wheat-futures-challenged-to-maintain-current-uptrend
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md)

## Why it matters

Demand growing faster than supply, led by higher feed and food use, tightens wheat balance sheets and supports prices. Feed wheat demand is a key factor for buyers.

## Read by commodity

- WHEAT: bullish ▲
- KWHEAT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2020-09-30 | [Spring Wheat Futures Face Technical Challenges](https://feedsoft.ai/events/51156-spring-wheat-futures-face-technical-challenges.md) | +2.5% | +4.6% |
| WHEAT | 2022-05-12 | [Tightening US and World Wheat Supplies Send Wheat Futures Prices to Near Limit Gains](https://feedsoft.ai/events/41347-tightening-us-and-world-wheat-supplies-send-wheat-futures-prices-to-near-limit.md) | +5.9% | +0.7% |
| WHEAT | 2021-09-30 | [U.S. grains: Wheat futures surge as supplies drop to 14-year low - Grainews](https://feedsoft.ai/events/11320-u-s-grains-wheat-futures-surge-as-supplies-drop-to-14-year-low-grainews.md) | +5.6% | +8.7% |
| WHEAT | 2022-05-25 | [Global Wheat Production Challenged Everywhere It Grows, Keeping Upward Pressure on Prices](https://feedsoft.ai/events/41434-global-wheat-production-challenged-everywhere-it-grows-keeping-upward-pressure.md) | -1.3% | -3.0% |
| WHEAT | 2020-03-03 | [Wheat prices to increase slightly, coarse grains unchanged: ABARES - Grain Central](https://feedsoft.ai/events/54101-wheat-prices-to-increase-slightly-coarse-grains-unchanged-abares-grain-central.md) | +6.1% | -1.7% |
| KWHEAT | 2020-09-30 | [Spring Wheat Futures Face Technical Challenges](https://feedsoft.ai/events/51156-spring-wheat-futures-face-technical-challenges.md) | +12.2% | +15.4% |
| KWHEAT | 2022-05-12 | [Tightening US and World Wheat Supplies Send Wheat Futures Prices to Near Limit Gains](https://feedsoft.ai/events/41347-tightening-us-and-world-wheat-supplies-send-wheat-futures-prices-to-near-limit.md) | +11.7% | -2.7% |
| KWHEAT | 2021-09-30 | [U.S. grains: Wheat futures surge as supplies drop to 14-year low - Grainews](https://feedsoft.ai/events/11320-u-s-grains-wheat-futures-surge-as-supplies-drop-to-14-year-low-grainews.md) | +4.7% | +10.0% |

## Sources

- dtnpf.com: https://www.dtnpf.com/agriculture/web/ag/blogs/canada-markets/blog-post/2016/09/13/wheat-futures-challenged-maintain

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