# What is the Latest Supply and Demand Situation for U.S. Wheat Classes?

> USDA estimates 2022/23 U.S. wheat production at 44.9 million metric tons, about 9% below the five-year average and the second lowest in 20 years. Hard red winter wheat yields fell significantly due to adverse growing conditions, and high prices have made U.S. wheat less competitive abroad.

- Date: 2022-11-01 · published 2022-11-01T12:00:00.000Z
- Category: report · region US · magnitude low
- Page: https://feedsoft.ai/events/39160-what-is-the-latest-supply-and-demand-situation-for-u-s-wheat-classes
- Commodities: [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

A tight U.S. wheat crop and reduced export competitiveness support wheat prices, which affects feed wheat costs and substitution decisions for feed buyers.

## Read by commodity

- WHEAT: bullish ▲
- KWHEAT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| KWHEAT | 2021-01-29 | [Winter 2021 Wheat Supply and Demand Outlook](https://feedsoft.ai/events/49176-winter-2021-wheat-supply-and-demand-outlook.md) | -1.2% | -0.2% |
| KWHEAT | 2021-01-13 | [World Agricultural Supply and Demand Estimates - The Roosevelt Review](https://feedsoft.ai/events/49198-world-agricultural-supply-and-demand-estimates-the-roosevelt-review.md) | +2.3% | -1.4% |
| KWHEAT | 2021-07-12 | [July World Agricultural Supply and Demand Estimates \| The Mighty 790 KFGO \| KFGO](https://feedsoft.ai/events/46020-july-world-agricultural-supply-and-demand-estimates-the-mighty-790-kfgo-kfgo.md) | +8.8% | +17.8% |
| KWHEAT | 2018-06-28 | [Strong Demand Pushes Global Wheat Prices Higher - U.S. Wheat Associates](https://feedsoft.ai/events/64554-strong-demand-pushes-global-wheat-prices-higher-u-s-wheat-associates.md) | +4.7% | +16.0% |
| 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% |
| WHEAT | 2019-01-25 | [IGC updates global grain supply situation - wheat](https://feedsoft.ai/events/61036-igc-updates-global-grain-supply-situation-wheat.md) | -0.2% | -2.9% |
| WHEAT | 2019-02-19 | [Key Facts from USDA’s February 2019 World Wheat Supply and Demand Report - U.S. Wheat Associates](https://feedsoft.ai/events/60640-key-facts-from-usda-s-february-2019-world-wheat-supply-and-demand-report-u-s.md) | -3.8% | -0.5% |
| WHEAT | 2021-01-29 | [Winter 2021 Wheat Supply and Demand Outlook](https://feedsoft.ai/events/49176-winter-2021-wheat-supply-and-demand-outlook.md) | -9.7% | +0.1% |

## Sources

- uswheat.org: https://uswheat.org/wheatletter/what-is-the-latest-supply-and-demand-situation-for-u-s-wheat-classes/

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