# Wheat support slips after USDA report | The Land | NSW

> Wheat rallied 20 US cents after the USDA report but then fell 33 cents over the next two sessions, closing the week just under US$5.00/bu from a May high of US$5.54. The report showed higher US opening stocks and winter wheat production, partly offset by higher new-season exports. Seasonal harvest pressure, a stronger US dollar and US wheat's reduced competitiveness also weighed on prices.

- Date: 2018-06-18 · published 2018-06-18T12:00:00.000Z
- Category: report · region US · magnitude low
- Page: https://feedsoft.ai/events/12351-wheat-support-slips-after-usda-report-the-land-nsw
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Harvest pressure, a firmer dollar and weaker export competitiveness pushed wheat lower despite a modest USDA-driven rally. Feed buyers should expect wheat to trade with harvest seasonality and currency moves rather than a sustained supply shock.

## Read by commodity

- WHEAT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2018-05-09 | [Wheat drops 1% ahead of USDA report](https://feedsoft.ai/events/7886-wheat-drops-1-ahead-of-usda-report.md) | -1.1% | +2.2% |
| WHEAT | 2017-08-10 | [Breaking down the USDA Supply and Demand report \| NEWSRADIO 1040 WHO](https://feedsoft.ai/events/69396-breaking-down-the-usda-supply-and-demand-report-newsradio-1040-who.md) | -0.2% | -0.6% |
| WHEAT | 2025-10-01 | [USDA Grain Stocks Report Surprises Corn and Wheat - RFD](https://feedsoft.ai/events/9845-usda-grain-stocks-report-surprises-corn-and-wheat-rfd.md) | +0.6% | +6.4% |
| WHEAT | 2025-06-30 | [U.S. grains: Soy futures end mixed; corn and wheat sag after USDA reports \| The Western Producer](https://feedsoft.ai/events/24225-u-s-grains-soy-futures-end-mixed-corn-and-wheat-sag-after-usda-reports-the.md) | -0.7% | -1.8% |
| WHEAT | 2021-09-17 | [Wheat prices soften ahead of harvest \| The Land \| NSW](https://feedsoft.ai/events/6382-wheat-prices-soften-ahead-of-harvest-the-land-nsw.md) | -3.8% | +3.6% |

## Sources

- theland.com.au: https://www.theland.com.au/story/5473096/smart-marketing-wheat-support-slips-after-usda-report/

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