# KC Wheat Turns Bearish Early in 2020

> Kansas City wheat prices turned lower after failing twice to reach near one-year highs. USDA lowered its estimate of US hard red spring wheat ending stocks but still expects record world wheat production in 2020/21. Spring wheat planting in North Dakota is lagging.

- Date: 2020-05-15 · published 2020-05-15T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/12709-kc-wheat-turns-bearish-early-in-2020
- Commodities: [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Record expected world production outweighs the tighter US spring wheat stocks, which weighs on HRW and spring wheat prices. Delayed planting in North Dakota is a possible upside risk.

## Read by commodity

- WHEAT: bearish ▼
- KWHEAT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| KWHEAT | 2019-07-16 | [BLACK SEA WHEAT EXPORTS SEEN RISING IN 2019-20](https://feedsoft.ai/events/57938-black-sea-wheat-exports-seen-rising-in-2019-20.md) | -4.4% | -12.6% |
| KWHEAT | 2020-08-13 | [WASDE steady on wheat, bearish on corn, soybeans - Grain Central](https://feedsoft.ai/events/51547-wasde-steady-on-wheat-bearish-on-corn-soybeans-grain-central.md) | +4.7% | +14.0% |
| KWHEAT | 2020-06-11 | [Slightly Bullish Soybean and Bearish World Wheat Stocks](https://feedsoft.ai/events/52556-slightly-bullish-soybean-and-bearish-world-wheat-stocks.md) | -5.5% | -1.2% |
| KWHEAT | 2019-04-09 | [WASDE Bearish as Expected on Corn and Wheat, Neutral on Soybeans](https://feedsoft.ai/events/59543-wasde-bearish-as-expected-on-corn-and-wheat-neutral-on-soybeans.md) | -1.0% | -8.5% |
| KWHEAT | 2024-07-29 | [Wheat prices in the US fell to the lowest level since 2020](https://feedsoft.ai/events/29288-wheat-prices-in-the-us-fell-to-the-lowest-level-since-2020.md) | +2.6% | -4.7% |
| WHEAT | 2022-10-12 | [Turner's Take Ag Markets \| WASDE Bullish Soybeans and Bearish Corn/Wheat](https://feedsoft.ai/events/39095-turner-s-take-ag-markets-wasde-bullish-soybeans-and-bearish-corn-wheat.md) | +3.6% | +4.6% |
| WHEAT | 2019-07-16 | [BLACK SEA WHEAT EXPORTS SEEN RISING IN 2019-20](https://feedsoft.ai/events/57938-black-sea-wheat-exports-seen-rising-in-2019-20.md) | -3.3% | -2.9% |
| WHEAT | 2020-08-13 | [WASDE steady on wheat, bearish on corn, soybeans - Grain Central](https://feedsoft.ai/events/51547-wasde-steady-on-wheat-bearish-on-corn-soybeans-grain-central.md) | +0.7% | +11.5% |

## Sources

- dtnpf.com: https://www.dtnpf.com/agriculture/web/ag/news/article/2020/05/15/kc-wheat-turns-bearish-early-202032

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