# Prairie cash wheat: Bids jump after USDA projects cuts - AgCanada

> Western Canadian wheat bids rose $20.30 to $23.60 per tonne for the week after USDA trimmed world wheat ending stocks to 275.8 million tonnes and projected a 14-year low in US wheat supplies. Russia's plan to change its export tax formula and introduce a mid-February export quota also lifted prices.

- Date: 2021-11-15 · published 2021-11-15T12:00:00.000Z
- Category: report · region Canada · magnitude medium
- Page: https://feedsoft.ai/events/44082-prairie-cash-wheat-bids-jump-after-usda-projects-cuts-agcanada
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md)

## Why it matters

A cut in world ending stocks and new Russian export restrictions tighten global wheat supply, supporting higher feed grain costs.

## Read by commodity

- WHEAT: bullish ▲
- KWHEAT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2021-08-13 | [Prairie Wheat Weekly: USDA estimates raise wheat bids - MarketsFarm](https://feedsoft.ai/events/45610-prairie-wheat-weekly-usda-estimates-raise-wheat-bids-marketsfarm.md) | +1.6% | +3.2% |
| WHEAT | 2026-04-28 | [USDA attache projects Australia 2026/27 wheat crop at 29 million T \| MarketScreener Canada](https://feedsoft.ai/events/19685-usda-attache-projects-australia-2026-27-wheat-crop-at-29-million-t.md) | -2.0% | +0.6% |
| WHEAT | 2021-06-10 | [Corn jumps after USDA projects high export, ethanol demand - The Globe and Mail](https://feedsoft.ai/events/46508-corn-jumps-after-usda-projects-high-export-ethanol-demand-the-globe-and-mail.md) | +5.7% | -5.3% |
| WHEAT | 2018-06-12 | [U.S. grains: Wheat surges after USDA cuts Russian output estimate - Grainews](https://feedsoft.ai/events/64555-u-s-grains-wheat-surges-after-usda-cuts-russian-output-estimate-grainews.md) | -0.9% | -6.9% |
| WHEAT | 2024-06-13 | [Strategie Grains cuts EU wheat crop forecast as harvesting starts - AgCanada](https://feedsoft.ai/events/29698-strategie-grains-cuts-eu-wheat-crop-forecast-as-harvesting-starts-agcanada.md) | -2.1% | -3.6% |
| KWHEAT | 2018-06-12 | [U.S. grains: Wheat surges after USDA cuts Russian output estimate - Grainews](https://feedsoft.ai/events/64555-u-s-grains-wheat-surges-after-usda-cuts-russian-output-estimate-grainews.md) | -6.6% | -9.5% |
| KWHEAT | 2026-05-12 | [USDA Projects Smallest US Wheat Harvest Since 1972 Due to Plains Drought - AgWeb](https://feedsoft.ai/events/10792-usda-projects-smallest-us-wheat-harvest-since-1972-due-to-plains-drought-agweb.md) | +4.5% | -6.3% |
| 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% |

## Sources

- agcanada.com: https://www.agcanada.com/daily/prairie-cash-wheat-bids-jump-after-usda-projects-cuts

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