# Wheat Production Unchanged in Latest WASDE Report, Allendale’s Rich Nelson Says It’s a Mild Report - Oklahoma Farm Report

> The November WASDE left US wheat production unchanged, with a moderate increase in wheat stocks and little change in exports. USDA cut Argentina's wheat crop by 1.5 million tonnes and added 5 million tonnes to Russia's production, bringing it to 90 million tonnes.

- Date: 2023-11-09 · published 2023-11-09T12:00:00.000Z
- Category: report · region Global · magnitude medium
- Page: https://feedsoft.ai/events/33118-wheat-production-unchanged-in-latest-wasde-report-allendale-s-rich-nelson-says
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md)

## Why it matters

A larger Russian crop adds competition in export markets and weighs on wheat prices, which can lower the cost of wheat used in feed rations. The Argentine cut partly offsets this for the global balance.

## Read by commodity

- WHEAT: bearish ▼
- KWHEAT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2023-11-22 | [US Wheat Associates Weekly Price Report – November 22, 2023 - Oklahoma Farm Report](https://feedsoft.ai/events/33222-us-wheat-associates-weekly-price-report-november-22-2023-oklahoma-farm-report.md) | -0.4% | -1.2% |
| WHEAT | 2019-02-05 | [USW Reports on World Wheat Production and Exports - U.S. Wheat Associates](https://feedsoft.ai/events/60536-usw-reports-on-world-wheat-production-and-exports-u-s-wheat-associates.md) | +0.3% | -4.2% |
| WHEAT | 2023-03-08 | [USDA Crop Production Report Out Today: Lower Soybean Ending Stocks and Higher Corn - Oklahoma Farm Report](https://feedsoft.ai/events/36821-usda-crop-production-report-out-today-lower-soybean-ending-stocks-and-higher.md) | -0.9% | -4.6% |
| WHEAT | 2024-08-13 | [Despite lower production and inventory forecasts in the USDA report, wheat exchange prices fell](https://feedsoft.ai/events/28812-despite-lower-production-and-inventory-forecasts-in-the-usda-report-wheat.md) | -6.7% | -2.9% |
| WHEAT | 2022-07-12 | [Latest USDA WASDE report hits markets hard \| An official publication of Michigan Farm Bureau](https://feedsoft.ai/events/4308-latest-usda-wasde-report-hits-markets-hard-an-official-publication-of-michigan.md) | +7.2% | +7.0% |
| KWHEAT | 2023-11-22 | [US Wheat Associates Weekly Price Report – November 22, 2023 - Oklahoma Farm Report](https://feedsoft.ai/events/33222-us-wheat-associates-weekly-price-report-november-22-2023-oklahoma-farm-report.md) | +3.9% | +1.5% |
| KWHEAT | 2019-02-05 | [USW Reports on World Wheat Production and Exports - U.S. Wheat Associates](https://feedsoft.ai/events/60536-usw-reports-on-world-wheat-production-and-exports-u-s-wheat-associates.md) | -3.3% | -13.0% |
| KWHEAT | 2024-08-13 | [Despite lower production and inventory forecasts in the USDA report, wheat exchange prices fell](https://feedsoft.ai/events/28812-despite-lower-production-and-inventory-forecasts-in-the-usda-report-wheat.md) | -1.4% | +5.7% |

## Sources

- oklahomafarmreport.com: https://www.oklahomafarmreport.com/2023/11/09/wheat-production-unchanged-in-latest-wasde-report/

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