# Wheat Futures Tumble, While Protein Premiums Soar - U.S. Wheat Associates

> USDA's December WASDE raised its 2017/18 global wheat production estimate to a record 755 million tonnes. U.S. wheat futures fell to six- and twelve-month lows, while protein premiums rose on tight high-protein supply.

- Date: 2017-12-14 · published 2017-12-14T12:00:00.000Z
- Category: report · region Global · magnitude medium
- Page: https://feedsoft.ai/events/10329-wheat-futures-tumble-while-protein-premiums-soar-u-s-wheat-associates
- Commodities: [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Record world output keeps flat prices pressured, but lower production in key high-protein exporters widens protein premiums that buyers must hedge.

## Read by commodity

- WHEAT: bearish ▼
- KWHEAT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| KWHEAT | 2017-11-02 | [U.S. High-Protein Wheat Supplies Tightening - U.S. Wheat Associates](https://feedsoft.ai/events/68043-u-s-high-protein-wheat-supplies-tightening-u-s-wheat-associates.md) | +2.8% | -0.3% |
| KWHEAT | 2018-01-25 | [Global Supplies of High Protein Wheat Keep Tightening - U.S. Wheat Associates](https://feedsoft.ai/events/67019-global-supplies-of-high-protein-wheat-keep-tightening-u-s-wheat-associates.md) | +7.9% | +8.7% |
| KWHEAT | 2017-06-29 | [World Wheat Production to Decline in 2017/18 - U.S. Wheat Associates](https://feedsoft.ai/events/70449-world-wheat-production-to-decline-in-2017-18-u-s-wheat-associates.md) | +15.0% | +4.2% |
| KWHEAT | 2018-09-19 | [Weather Continues to Affect Global Wheat Production - U.S. Wheat Associates](https://feedsoft.ai/events/62993-weather-continues-to-affect-global-wheat-production-u-s-wheat-associates.md) | +1.2% | +2.3% |
| KWHEAT | 2018-06-28 | [Strong Demand Pushes Global Wheat Prices Higher - U.S. Wheat Associates](https://feedsoft.ai/events/64554-strong-demand-pushes-global-wheat-prices-higher-u-s-wheat-associates.md) | +4.7% | +16.0% |
| WHEAT | 2019-02-05 | [USW Reports on World Wheat Production and Exports - U.S. Wheat Associates](https://feedsoft.ai/events/60536-usw-reports-on-world-wheat-production-and-exports-u-s-wheat-associates.md) | +0.3% | -4.2% |
| WHEAT | 2017-04-20 | [Importer Ending Stocks Shrink to 6-Year Low - U.S. Wheat Associates](https://feedsoft.ai/events/71554-importer-ending-stocks-shrink-to-6-year-low-u-s-wheat-associates.md) | +1.3% | +0.1% |
| WHEAT | 2019-10-03 | [Production Update: USDA Confirms High U.S. Wheat Yields Offset Reduced Planted Area - U.S. Wheat Associates](https://feedsoft.ai/events/5899-production-update-usda-confirms-high-u-s-wheat-yields-offset-reduced-planted.md) | -4.2% | -2.3% |

## Sources

- uswheat.org: https://uswheat.org/wheatletter/wheat-futures-tumble-while-protein-premiums-soar/
- feedstuffs.com: https://www.feedstuffs.com/grain-market-news/wheat-futures-tumble-protein-premiums-soar

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