# June WASDE: More hard red wheat losses push up prices

> USDA's June WASDE raised its forecast for soft red and white winter wheat but cut hard red winter wheat amid Plains drought. Soybean futures eased from 10-year highs after USDA added bushels to South American crops, and corn rose slightly on smaller Ukrainian and Chinese crops.

- Date: 2022-06-10 · published 2022-06-10T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/40895-june-wasde-more-hard-red-wheat-losses-push-up-prices
- Commodities: [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Lower hard red winter wheat supplies support KWHEAT prices, while larger South American soybean supplies pressure soybean and meal values. Smaller Ukrainian and Chinese corn crops give corn a modest lift.

## Read by commodity

- SBM: bearish ▼
- SOY: bearish ▼
- CORN: bullish ▲
- KWHEAT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| KWHEAT | 2018-12-06 | [Wheat prices: locked and loaded](https://feedsoft.ai/events/61614-wheat-prices-locked-and-loaded.md) | 0.0% | +4.6% |
| KWHEAT | 2022-06-09 | [Quiet June WASDE likely to focus on U.S. wheat](https://feedsoft.ai/events/14924-quiet-june-wasde-likely-to-focus-on-u-s-wheat.md) | -1.9% | -17.7% |
| KWHEAT | 2022-09-30 | [UPDATE 1-U.S. Wheat Harvest Falls Below Forecasts; Prices Rally](https://feedsoft.ai/events/39630-update-1-u-s-wheat-harvest-falls-below-forecasts-prices-rally.md) | -0.2% | -3.6% |
| KWHEAT | 2019-07-11 | [Global Wheat Stocks Revised Lower, Boosting Prices](https://feedsoft.ai/events/58151-global-wheat-stocks-revised-lower-boosting-prices.md) | +0.1% | -5.3% |
| KWHEAT | 2026-07-10 | [July WASDE data proved helpful for grain prices](https://feedsoft.ai/events/10788-july-wasde-data-proved-helpful-for-grain-prices.md) | +11.6% | +9.0% |
| SOY | 2020-05-13 | [How WASDE wobbled grain prices](https://feedsoft.ai/events/12707-how-wasde-wobbled-grain-prices.md) | -0.8% | +1.9% |
| SOY | 2024-09-13 | [WASDE Report Spurs Wheat & Corn Price Rally, Soybeans Lag \| tastylive](https://feedsoft.ai/events/28257-wasde-report-spurs-wheat-and-corn-price-rally-soybeans-lag-tastylive.md) | +2.2% | +2.3% |
| SOY | 2019-05-13 | [May 10 WASDE Report Projects Lower Grain Prices - MinnStar Bank](https://feedsoft.ai/events/59047-may-10-wasde-report-projects-lower-grain-prices-minnstar-bank.md) | +3.1% | +7.7% |

## Sources

- farmprogress.com: https://www.farmprogress.com/marketing/june-wasde-more-hard-red-wheat-losses-push-up-prices

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