# USDA Reports Confirm the Tight U.S. Wheat Balance Sheet

> USDA's March 31 Prospective Plantings showed 2023/24 US wheat area at 49.9 million acres, up 9% and the highest since 2016, with winter wheat up 13%. Spring wheat fell 2% to its lowest since 2017, and grain stocks data was also released.

- Date: 2023-04-12 · published 2023-04-12T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/36446-usda-reports-confirm-the-tight-u-s-wheat-balance-sheet
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md)

## Why it matters

Higher area is bearish on its face, but the market's rise in HRW futures shows outside bullish factors dominate. Lower spring wheat area could tighten supply later in the year.

## Read by commodity

- WHEAT: neutral
- KWHEAT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 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) | -8.0% | -5.3% |
| WHEAT | 2021-10-18 | [Wheat prices rose sharply after the release of the October USDA report](https://feedsoft.ai/events/44584-wheat-prices-rose-sharply-after-the-release-of-the-october-usda-report.md) | +1.1% | +9.1% |
| WHEAT | 2019-08-08 | [U.S. confirms light soy, wheat, pork sales to China before latest tariff threats](https://feedsoft.ai/events/57441-u-s-confirms-light-soy-wheat-pork-sales-to-china-before-latest-tariff-threats.md) | +0.4% | -2.6% |
| WHEAT | 2023-09-15 | [USDA report triggers corn and soybean price drop, wheat remai ...](https://feedsoft.ai/events/34044-usda-report-triggers-corn-and-soybean-price-drop-wheat-remai.md) | +0.1% | -1.6% |
| WHEAT | 2020-10-09 | [Rally Continues as USDA WASDE Report Reveals Tighter Stocks](https://feedsoft.ai/events/50593-rally-continues-as-usda-wasde-report-reveals-tighter-stocks.md) | +1.0% | -0.1% |
| KWHEAT | 2026-05-20 | [USDA releases first cut of the 2026/27 global wheat balance sheet… - Grain Brokers Australia](https://feedsoft.ai/events/19238-usda-releases-first-cut-of-the-2026-27-global-wheat-balance-sheet-grain-brokers.md) | -4.8% | -7.3% |
| KWHEAT | 2021-10-01 | [Wheat Comes Out as Winner of USDA's Sept. 30 Reports](https://feedsoft.ai/events/44582-wheat-comes-out-as-winner-of-usda-s-sept-30-reports.md) | +1.3% | +8.0% |
| KWHEAT | 2026-05-20 | [Global Wheat Outlook & WASDE Balance Sheet](https://feedsoft.ai/events/19239-global-wheat-outlook-and-wasde-balance-sheet.md) | -4.8% | -7.3% |

## Sources

- uswheat.org: https://uswheat.org/wheatletter/usda-reports-confirm-the-tight-u-s-wheat-balance-sheet/

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