# USDA reports provide mixed signals for wheat market | The Western Producer

> USDA's June crop production report raised US winter wheat output 1.3% from May, with HRW up 21 million bushels to 726 million, while SRW was forecast at 343 million bushels. The WASDE cut global wheat output on production issues in Europe and the Black Sea. Markets viewed the US report as bearish, especially for Kansas City futures.

- Date: 2024-06-18 · published 2024-06-18T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/29802-usda-reports-provide-mixed-signals-for-wheat-market-the-western-producer
- Commodities: [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Larger US HRW supply weighs on Kansas City wheat, while lower EU and Black Sea output provides longer-term support for global feed wheat prices.

## Read by commodity

- WHEAT: neutral
- KWHEAT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| KWHEAT | 2025-10-29 | [Large wheat supply pressures prices \| The Western Producer](https://feedsoft.ai/events/22436-large-wheat-supply-pressures-prices-the-western-producer.md) | +3.2% | -1.3% |
| KWHEAT | 2024-06-12 | [USDA June WASDE Report Provides Little Market-Moving News](https://feedsoft.ai/events/29696-usda-june-wasde-report-provides-little-market-moving-news.md) | -8.3% | -9.7% |
| KWHEAT | 2025-03-27 | [Wheat prices drop despite tighter ending stocks \| The Western Producer](https://feedsoft.ai/events/25627-wheat-prices-drop-despite-tighter-ending-stocks-the-western-producer.md) | +0.6% | -4.8% |
| KWHEAT | 2018-01-18 | [More bad news for the wheat market](https://feedsoft.ai/events/67024-more-bad-news-for-the-wheat-market.md) | +1.4% | +10.0% |
| KWHEAT | 2022-01-20 | [USDA Reports Reflect Why U.S. Farmers Seeded More Winter Wheat](https://feedsoft.ai/events/43176-usda-reports-reflect-why-u-s-farmers-seeded-more-winter-wheat.md) | +2.0% | +1.0% |
| WHEAT | 2024-05-23 | [China's imports to determine prices \| The Western Producer](https://feedsoft.ai/events/14749-china-s-imports-to-determine-prices-the-western-producer.md) | -7.4% | -11.1% |
| WHEAT | 2023-04-12 | [USDA Reports Confirm the Tight U.S. Wheat Balance Sheet](https://feedsoft.ai/events/36446-usda-reports-confirm-the-tight-u-s-wheat-balance-sheet.md) | +9.0% | -1.0% |
| WHEAT | 2026-03-10 | [USDA Releases March Crop Production, WASDE Reports](https://feedsoft.ai/events/20107-usda-releases-march-crop-production-wasde-reports.md) | -1.3% | -1.1% |

## Sources

- producer.com: https://www.producer.com/markets/usda-reports-provide-mixed-signals-for-wheat-market/

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