# July World Agricultural Supply and Demand Estimates | The Mighty 790 KFGO | KFGO

> USDA's July WASDE cut US all-wheat production by 152 million bushels to 1,746 million due to drought in the Northern Plains. Ending stocks for 2021/22 fell 105 million bushels to 665 million, the lowest since 2013/14, and the season-average farm price was raised by $0.10 per bushel. Exports are projected at the smallest since 2015/16.

- Date: 2021-07-12 · published 2021-07-12T12:00:00.000Z
- Category: report · region US · magnitude high
- Page: https://feedsoft.ai/events/46020-july-world-agricultural-supply-and-demand-estimates-the-mighty-790-kfgo-kfgo
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Tighter US wheat supplies and higher price forecasts support wheat values and raise feed wheat substitution costs for feed buyers.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2021-01-12 | [New WASDE: World Agricultural Supply & Demand Estimates \| The Mighty 790 KFGO \| KFGO](https://feedsoft.ai/events/49094-new-wasde-world-agricultural-supply-and-demand-estimates-the-mighty-790-kfgo.md) | +2.3% | -3.8% |
| WHEAT | 2021-01-13 | [World Agricultural Supply and Demand Estimates - The Roosevelt Review](https://feedsoft.ai/events/49198-world-agricultural-supply-and-demand-estimates-the-roosevelt-review.md) | +1.4% | -4.7% |
| WHEAT | 2023-03-09 | [World Agricultural Supply and Demand Estimates - The Roosevelt Review](https://feedsoft.ai/events/12652-world-agricultural-supply-and-demand-estimates-the-roosevelt-review.md) | -0.2% | -4.6% |
| WHEAT | 2023-03-22 | [AAFC supply/demand estimates mostly unchanged \| Farmtario](https://feedsoft.ai/events/36827-aafc-supply-demand-estimates-mostly-unchanged-farmtario.md) | +11.0% | +4.2% |
| WHEAT | 2022-11-01 | [What is the Latest Supply and Demand Situation for U.S. Wheat Classes?](https://feedsoft.ai/events/39160-what-is-the-latest-supply-and-demand-situation-for-u-s-wheat-classes.md) | +7.3% | +7.7% |
| KWHEAT | 2021-01-13 | [World Agricultural Supply and Demand Estimates - The Roosevelt Review](https://feedsoft.ai/events/49198-world-agricultural-supply-and-demand-estimates-the-roosevelt-review.md) | +2.3% | -1.4% |
| KWHEAT | 2022-11-01 | [What is the Latest Supply and Demand Situation for U.S. Wheat Classes?](https://feedsoft.ai/events/39160-what-is-the-latest-supply-and-demand-situation-for-u-s-wheat-classes.md) | -2.2% | -7.9% |
| KWHEAT | 2021-01-29 | [Winter 2021 Wheat Supply and Demand Outlook](https://feedsoft.ai/events/49176-winter-2021-wheat-supply-and-demand-outlook.md) | -1.2% | -0.2% |

## Sources

- kfgo.com: https://kfgo.com/2021/07/12/july-world-agricultural-supply-and-demand-estimates/

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