# Wheat Comes Out as Winner of USDA's Sept. 30 Reports

> USDA cut its estimate of US all-wheat production by 51 million bushels and reduced September 1 wheat stocks to 1.780 billion bushels, well below both trade expectations and last year. Wheat futures rallied 9 to 20 cents a bushel across the three classes after the Grain Stocks report.

- Date: 2021-10-01 · published 2021-10-01T12:00:00.000Z
- Category: report · region US · magnitude high
- Page: https://feedsoft.ai/events/44582-wheat-comes-out-as-winner-of-usda-s-sept-30-reports
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Corn](https://feedsoft.ai/c/CORN.md), [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md)

## Why it matters

A smaller-than-expected US wheat supply tightens the feed grain balance and supports wheat prices, which can lift feed ingredient costs for buyers.

## Read by commodity

- CORN: bullish ▲
- WHEAT: bullish ▲
- KWHEAT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2020-09-30 | [Wheat closes over 5% higher after USDA report](https://feedsoft.ai/events/8790-wheat-closes-over-5-higher-after-usda-report.md) | +2.5% | +4.6% |
| WHEAT | 2018-07-12 | [Corn, Wheat Get Help From USDA Report](https://feedsoft.ai/events/63998-corn-wheat-get-help-from-usda-report.md) | +3.8% | +9.7% |
| WHEAT | 2021-10-01 | [USDA Stocks Report: Don’t sleep on wheat usage](https://feedsoft.ai/events/11316-usda-stocks-report-don-t-sleep-on-wheat-usage.md) | +5.1% | +8.6% |
| WHEAT | 2023-12-08 | [Wheat, corn and soybean highlights of USDA’s December WASDE report \| The Mighty 790 KFGO \| KFGO](https://feedsoft.ai/events/32639-wheat-corn-and-soybean-highlights-of-usda-s-december-wasde-report-the-mighty.md) | -4.0% | +1.2% |
| 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% |
| CORN | 2025-03-31 | [USDA reports mixed grain stocks, with wheat up and corn down](https://feedsoft.ai/events/25651-usda-reports-mixed-grain-stocks-with-wheat-up-and-corn-down.md) | +0.4% | +4.2% |
| CORN | 2023-10-13 | [What Was So Bullish About the October USDA Reports? - AgWeb](https://feedsoft.ai/events/33586-what-was-so-bullish-about-the-october-usda-reports-agweb.md) | +0.2% | -3.5% |
| CORN | 2018-07-12 | [Corn, Wheat Get Help From USDA Report](https://feedsoft.ai/events/63998-corn-wheat-get-help-from-usda-report.md) | +2.9% | +12.0% |

## Sources

- dtnpf.com: https://www.dtnpf.com/agriculture/web/ag/columns/another-view/article/2021/10/01/wheat-comes-winner-usdas-sept-30

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