# Prairie Wheat Weekly: USDA estimates raise wheat bids - MarketsFarm

> Prairie wheat bids rose in the week ended August 12 after the USDA cut its wheat yield estimates in its August WASDE. The USDA lowered U.S. wheat ending stocks from 665 million to 627 million bushels and Canadian ending stocks by 20.9%. A sharp cut to Russian wheat yields and a weaker Canadian dollar also lifted bids.

- Date: 2021-08-13 · published 2021-08-13T12:00:00.000Z
- Category: report · region Canada · magnitude low
- Page: https://feedsoft.ai/events/45610-prairie-wheat-weekly-usda-estimates-raise-wheat-bids-marketsfarm
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Lower projected ending stocks in the U.S., Canada and Russia tighten wheat supply and support higher Prairie cash prices.

## Read by commodity

- WHEAT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2024-11-13 | [France raises wheat, maize crop estimates, cuts sugar beet - Markets - Business Recorder](https://feedsoft.ai/events/27352-france-raises-wheat-maize-crop-estimates-cuts-sugar-beet-markets-business.md) | -0.9% | +0.0% |
| WHEAT | 2023-09-13 | [France cuts wheat crop estimate, raises maize](https://feedsoft.ai/events/34028-france-cuts-wheat-crop-estimate-raises-maize.md) | +0.6% | -1.7% |
| WHEAT | 2021-04-01 | [UK feed wheat price rises after surprise in global market - Farmers Weekly](https://feedsoft.ai/events/47552-uk-feed-wheat-price-rises-after-surprise-in-global-market-farmers-weekly.md) | +0.2% | +4.6% |
| WHEAT | 2018-05-11 | [Farming News - Weekly Market Report - USDA report has little impact on wheat market](https://feedsoft.ai/events/64971-farming-news-weekly-market-report-usda-report-has-little-impact-on-wheat-market.md) | -0.6% | +3.1% |
| WHEAT | 2020-01-15 | [Markets react as USDA reduces production estimates \| The Rural \| Wagga Wagga, NSW](https://feedsoft.ai/events/55031-markets-react-as-usda-reduces-production-estimates-the-rural-wagga-wagga-nsw.md) | +0.0% | -5.4% |

## Sources

- marketsfarm.com: https://marketsfarm.com/prairie-wheat-weekly-usda-estimates-raise-wheat-bids/

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