# Drought and Demand Drive the 2022 Wheat Outlook - AgWeb

> AgWeb's 2022 wheat outlook says US wheat acres have declined for a decade, with USDA projecting 44.5 million acres by 2030/31. A significant portion of US wheat acres was in drought as of mid-December, and Canada's premium wheat stocks were higher than expected.

- Date: 2021-12-17 · published 2021-12-17T12:00:00.000Z
- Category: weather · region US · magnitude low
- Page: https://feedsoft.ai/events/43643-drought-and-demand-drive-the-2022-wheat-outlook-agweb
- Commodities: [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Shrinking US acreage and drought stress on the spring wheat crop support a firmer medium-term wheat balance. Feed buyers may see wheat competitive with corn only if prices stay in check.

## Read by commodity

- WHEAT: bullish ▲
- KWHEAT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| KWHEAT | 2023-05-29 | [Corn, Soybeans and Wheat in the Grips of Drought - AgWeb](https://feedsoft.ai/events/13276-corn-soybeans-and-wheat-in-the-grips-of-drought-agweb.md) | +0.4% | +2.3% |
| KWHEAT | 2020-10-20 | [Wheat’s Drought Battle and Surging Demand: Why Prices Are Flying - Bloomberg](https://feedsoft.ai/events/50682-wheat-s-drought-battle-and-surging-demand-why-prices-are-flying-bloomberg.md) | -2.0% | -0.9% |
| KWHEAT | 2025-09-08 | [The El Niño-Southern Oscillation and Drought Outlook in the United States \| September 8, 2025 \| Drought.gov](https://feedsoft.ai/events/22788-the-el-nino-southern-oscillation-and-drought-outlook-in-the-united-states.md) | +1.1% | +3.2% |
| KWHEAT | 2026-04-30 | [Wheat Prices Jump as Drought Threatens U.S. Output - WSJ](https://feedsoft.ai/events/19766-wheat-prices-jump-as-drought-threatens-u-s-output-wsj.md) | -2.1% | -3.6% |
| KWHEAT | 2026-01-29 | [Wheat turns up: Dry weather and a weak dollar drive up](https://feedsoft.ai/events/21096-wheat-turns-up-dry-weather-and-a-weak-dollar-drive-up.md) | -2.2% | +1.7% |
| WHEAT | 2023-05-29 | [Corn, Soybeans and Wheat in the Grips of Drought - AgWeb](https://feedsoft.ai/events/13276-corn-soybeans-and-wheat-in-the-grips-of-drought-agweb.md) | -1.4% | -1.7% |
| WHEAT | 2021-04-15 | [2021: A Drought Year Like No Other! - AgWeb](https://feedsoft.ai/events/47436-2021-a-drought-year-like-no-other-agweb.md) | +4.1% | +6.9% |
| WHEAT | 2020-10-20 | [Wheat’s Drought Battle and Surging Demand: Why Prices Are Flying - Bloomberg](https://feedsoft.ai/events/50682-wheat-s-drought-battle-and-surging-demand-why-prices-are-flying-bloomberg.md) | +0.0% | -4.6% |

## Sources

- agweb.com: https://www.agweb.com/markets/market-outlooks/drought-and-demand-drive-2022-wheat-outlook

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