# USDA Stocks Report: Don’t sleep on wheat usage

> USDA cut 2021 US wheat production by another 51 million bushels, to 1.65 billion, with hard red winter and white wheat accounting for most of the reduction. The agency also added 1.4 million bushels to June 1 wheat stocks, which implies slightly larger old-crop ending stocks.

- Date: 2021-10-01 · published 2021-10-01T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/11316-usda-stocks-report-don-t-sleep-on-wheat-usage
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md)

## Why it matters

Smaller US supplies and a tighter stocks-to-use ratio support wheat prices, and the revisions reinforce the rally seen after the report. The old-crop stock addition does little to offset tightening new-crop supplies.

## Read by commodity

- WHEAT: bullish ▲
- KWHEAT: bullish ▲

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| WHEAT | 2021-10-04 | 1 | +3.1% | 3.2 | USDA's further 51 million bushel cut to 2021 US wheat production (mainly HRW and white wheat) reduced supply and supported SRW prices through spillover across wheat classes. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2026-06-30 | [Wheat Rallies on Bull Friendly USDA Report Data](https://feedsoft.ai/events/18842-wheat-rallies-on-bull-friendly-usda-report-data.md) | +0.2% | +2.6% |
| WHEAT | 2018-07-12 | [Corn, Wheat Get Help From USDA Report](https://feedsoft.ai/events/63998-corn-wheat-get-help-from-usda-report.md) | +3.8% | +9.7% |
| WHEAT | 2018-06-12 | [U.S. Grain Stocks Get Smaller, USDA Report Shows](https://feedsoft.ai/events/64478-u-s-grain-stocks-get-smaller-usda-report-shows.md) | -0.9% | -6.9% |
| WHEAT | 2020-09-30 | [Wheat closes over 5% higher after USDA report](https://feedsoft.ai/events/8790-wheat-closes-over-5-higher-after-usda-report.md) | +2.5% | +4.6% |
| WHEAT | 2021-09-30 | [Soy stumbles on bearish USDA report](https://feedsoft.ai/events/45036-soy-stumbles-on-bearish-usda-report.md) | +5.6% | +8.7% |
| KWHEAT | 2026-06-30 | [Wheat Rallies on Bull Friendly USDA Report Data](https://feedsoft.ai/events/18842-wheat-rallies-on-bull-friendly-usda-report-data.md) | +6.6% | +21.0% |
| KWHEAT | 2017-01-18 | [US wheat stocks to remain high \| VIC](https://feedsoft.ai/events/72944-us-wheat-stocks-to-remain-high-vic.md) | -2.3% | +2.9% |
| KWHEAT | 2021-09-30 | [Soy stumbles on bearish USDA report](https://feedsoft.ai/events/45036-soy-stumbles-on-bearish-usda-report.md) | +4.7% | +10.0% |

## Sources

- farmprogress.com: https://www.farmprogress.com/wheat/usda-stocks-report-don-t-sleep-on-wheat-usage

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