# Global Wheat Production Challenged Everywhere It Grows, Keeping Upward Pressure on Prices

> DTN reports that the US hard red winter wheat cash price hit a record $13.15 per bushel in early May due to Southern Plains drought and weather and geopolitical problems across major growing regions. USDA projects 2022-23 ending stocks at the top eight exporters falling to 2 billion bushels, the lowest since 2013-14.

- Date: 2022-05-25 · published 2022-05-25T12:00:00.000Z
- Category: report · region Global · magnitude medium
- Page: https://feedsoft.ai/events/41434-global-wheat-production-challenged-everywhere-it-grows-keeping-upward-pressure
- Commodities: [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Tightening exporter stocks point to sustained higher wheat prices, which raise feed costs and push buyers toward cheaper substitutes.

## Read by commodity

- WHEAT: bullish ▲
- 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 | 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 | 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 | 2018-09-19 | [Weather Continues to Affect Global Wheat Production - U.S. Wheat Associates](https://feedsoft.ai/events/62993-weather-continues-to-affect-global-wheat-production-u-s-wheat-associates.md) | +1.2% | +2.3% |
| KWHEAT | 2017-03-02 | [Global wheat production projected to drop - Brownfield Ag News](https://feedsoft.ai/events/72051-global-wheat-production-projected-to-drop-brownfield-ag-news.md) | -1.8% | -9.0% |
| WHEAT | 2021-08-17 | [USDA slashes global wheat production - Grain Central](https://feedsoft.ai/events/45538-usda-slashes-global-wheat-production-grain-central.md) | +0.1% | +3.4% |
| WHEAT | 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) | +0.4% | -1.8% |
| WHEAT | 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) | +0.9% | -1.2% |

## Sources

- dtnpf.com: https://www.dtnpf.com/agriculture/web/ag/news/article/2022/05/24/global-wheat-production-challenged

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