# USDA June WASDE Report Provides Little Market-Moving News

> July Kansas City wheat futures fell about 18 cents on the day of the June WASDE after the ninth drop in 11 sessions, and ended down 17.75 cents. USDA raised U.S. winter wheat production on solid yields and test weights in early Texas and Oklahoma harvests. Corn and soybean markets were little moved by the report.

- Date: 2024-06-12 · published 2024-06-12T12:00:00.000Z
- Category: report · region US · magnitude low
- Page: https://feedsoft.ai/events/29696-usda-june-wasde-report-provides-little-market-moving-news
- Commodities: [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Larger U.S. hard red winter wheat output is bearish for Kansas City wheat, and it was already priced in through the recent losses. Corn and soybeans saw no change in supply signals.

## Read by commodity

- WHEAT: bearish ▼
- KWHEAT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| KWHEAT | 2023-06-20 | [Not much action in USDA's June WASDE report](https://feedsoft.ai/events/9772-not-much-action-in-usda-s-june-wasde-report.md) | +2.9% | -1.8% |
| KWHEAT | 2024-06-18 | [USDA reports provide mixed signals for wheat market \| The Western Producer](https://feedsoft.ai/events/29802-usda-reports-provide-mixed-signals-for-wheat-market-the-western-producer.md) | -4.9% | -7.3% |
| KWHEAT | 2024-06-12 | [June WASDE serves the markets a reality check](https://feedsoft.ai/events/29694-june-wasde-serves-the-markets-a-reality-check.md) | -8.3% | -9.7% |
| KWHEAT | 2018-01-13 | [Latest WASDE Report from USDA - Southeast AgNET](https://feedsoft.ai/events/66939-latest-wasde-report-from-usda-southeast-agnet.md) | +0.5% | +12.0% |
| KWHEAT | 2020-06-12 | [USDA Reports Review - ProAg](https://feedsoft.ai/events/52558-usda-reports-review-proag.md) | -4.1% | +0.1% |
| WHEAT | 2020-06-11 | [USDA Releases June Crop Production, WASDE Reports](https://feedsoft.ai/events/52459-usda-releases-june-crop-production-wasde-reports.md) | -1.4% | -5.1% |
| WHEAT | 2023-06-20 | [Not much action in USDA's June WASDE report](https://feedsoft.ai/events/9772-not-much-action-in-usda-s-june-wasde-report.md) | +10.7% | -0.6% |
| WHEAT | 2023-07-13 | [Key data in USDA's July 12 Wasde report, and difference from market expectations - Grain Price News](https://feedsoft.ai/events/34984-key-data-in-usda-s-july-12-wasde-report-and-difference-from-market-expectations.md) | +3.7% | +3.6% |

## Sources

- dtnpf.com: https://www.dtnpf.com/agriculture/web/ag/news/article/2024/06/12/usda-june-wasde-report-provides-news

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