# WHEAT SCOOPS: 2024 wheat production, price

> Oklahoma State University analyst Kim Anderson reported forward contract bids for 2024 harvest wheat at Pond Creek and Perryton. USDA's January winter wheat seedings report showed US winter wheat area for 2024 down 6% from 2023, with Kansas seedings sharply lower.

- Date: 2024-01-17 · published 2024-01-17T12:00:00.000Z
- Category: report · region US · magnitude low
- Page: https://feedsoft.ai/events/32172-wheat-scoops-2024-wheat-production-price
- Commodities: [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md)

## Why it matters

Lower seeded acreage and possibly reduced abandonment support the 2024 HRW supply outlook and forward prices. The reduced area is a modest bullish factor for HRW futures.

## Read by commodity

- KWHEAT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| KWHEAT | 2021-08-17 | [USDA slashes global wheat production - Grain Central](https://feedsoft.ai/events/45538-usda-slashes-global-wheat-production-grain-central.md) | -4.4% | -6.8% |
| KWHEAT | 2017-06-29 | [World Wheat Production to Decline in 2017/18 - U.S. Wheat Associates](https://feedsoft.ai/events/70449-world-wheat-production-to-decline-in-2017-18-u-s-wheat-associates.md) | +15.0% | +4.2% |
| KWHEAT | 2023-09-12 | [Wheat prices strengthened by lower global production - Farmers Weekly](https://feedsoft.ai/events/34146-wheat-prices-strengthened-by-lower-global-production-farmers-weekly.md) | +2.4% | -4.5% |
| KWHEAT | 2020-07-14 | [Global wheat production on the decline - Grain Central](https://feedsoft.ai/events/52052-global-wheat-production-on-the-decline-grain-central.md) | -1.2% | -6.0% |
| KWHEAT | 2022-10-06 | [USDA takes axe to wheat production estimate \| The Western Producer](https://feedsoft.ai/events/5092-usda-takes-axe-to-wheat-production-estimate-the-western-producer.md) | -2.0% | -5.0% |

## Sources

- farmprogress.com: https://www.farmprogress.com/wheat/wheat-scoops-2024-wheat-production-price

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