# US wheat futures slip after USDA boosts global ending stocks

> USDA's September WASDE cut US 2025/26 wheat ending stocks by 25 million bushels while leaving production unchanged at 1.927 billion bushels. Chicago SRW December futures fell 4 cents to $5.18 per bushel, and Minneapolis spring wheat dropped 3 cents. Russian export offers also softened amid higher export tariffs.

- Date: 2025-09-18 · published 2025-09-18T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/22928-us-wheat-futures-slip-after-usda-boosts-global-ending-stocks
- Commodities: [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Tighter US ending stocks would normally support prices, but the price drop shows that global supply and Black Sea export pressure outweighed the cut for wheat feed buyers.

## Read by commodity

- WHEAT: bearish ▼
- KWHEAT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| KWHEAT | 2026-01-15 | [USDA raises projections for US, global wheat ending stocks \| World Grain](https://feedsoft.ai/events/21103-usda-raises-projections-for-us-global-wheat-ending-stocks-world-grain.md) | +0.7% | +6.1% |
| KWHEAT | 2019-10-14 | [USDA lifts global wheat stock estimates \| Farm Online \| ACT](https://feedsoft.ai/events/56500-usda-lifts-global-wheat-stock-estimates-farm-online-act.md) | +3.4% | +0.5% |
| KWHEAT | 2018-12-12 | [USDA raises 2019 wheat and corn ending stocks \| 2018-12-12  \| World Grain](https://feedsoft.ai/events/61509-usda-raises-2019-wheat-and-corn-ending-stocks-2018-12-12-world-grain.md) | +8.4% | +4.5% |
| KWHEAT | 2022-06-10 | [USDA projects larger than expected U.S. winter wheat crop, unexpectedly boosts 2022-23 corn ending stocks - Pro Farmer](https://feedsoft.ai/events/40894-usda-projects-larger-than-expected-u-s-winter-wheat-crop-unexpectedly-boosts.md) | -0.5% | -20.2% |
| KWHEAT | 2026-10-09 | [Wheat Faces Friday Pressure as USDA Raises Stocks](https://feedsoft.ai/events/460-wheat-faces-friday-pressure-as-usda-raises-stocks.md) | -0.9% | -10.4% |
| WHEAT | 2022-02-09 | [USDA cuts global ending stocks for beans, wheat, cotton and corn - Pro Farmer](https://feedsoft.ai/events/42671-usda-cuts-global-ending-stocks-for-beans-wheat-cotton-and-corn-pro-farmer.md) | +0.4% | +18.0% |
| WHEAT | 2026-01-15 | [USDA raises projections for US, global wheat ending stocks \| World Grain](https://feedsoft.ai/events/21103-usda-raises-projections-for-us-global-wheat-ending-stocks-world-grain.md) | -1.3% | +2.8% |
| WHEAT | 2025-04-10 | [USDA Cuts US Corn Ending Stocks, Boosts Corn Exports by 100 MB](https://feedsoft.ai/events/25064-usda-cuts-us-corn-ending-stocks-boosts-corn-exports-by-100-mb.md) | +1.5% | +4.8% |

## Sources

- fastmarkets.com: https://www.fastmarkets.com/insights/us-wheat-futures-slip-after-usda-boosts-global-ending-stocks/

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