# The Surprise Winner of WASDE Is Wheat

> Wheat was the strongest performer on USDA's December WASDE day after traders had been buying ahead of the report. USDA cut projected world wheat ending stocks by 3.95 million metric tons, a bigger cut than traders expected, and raised Australian production to 30 million tonnes.

- Date: 2020-12-11 · published 2020-12-11T12:00:00.000Z
- Category: report · region Global · magnitude medium
- Page: https://feedsoft.ai/events/49577-the-surprise-winner-of-wasde-is-wheat
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md)

## Why it matters

A larger-than-expected cut to global wheat carryout tightens the export outlook and supports prices against cheaper French and Russian offers. Wheat buyers should expect firmer values in the near term.

## Read by commodity

- WHEAT: bullish ▲
- KWHEAT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2021-07-12 | [Wheat takes center stage in July WASDE](https://feedsoft.ai/events/46006-wheat-takes-center-stage-in-july-wasde.md) | -0.8% | +0.2% |
| WHEAT | 2021-07-12 | [Grain Stocks Surprise Traders in the July WASDE Report \| Red River Farm Network](https://feedsoft.ai/events/46000-grain-stocks-surprise-traders-in-the-july-wasde-report-red-river-farm-network.md) | -0.8% | +0.2% |
| WHEAT | 2021-10-01 | [Wheat Comes Out as Winner of USDA's Sept. 30 Reports](https://feedsoft.ai/events/44582-wheat-comes-out-as-winner-of-usda-s-sept-30-reports.md) | +5.1% | +8.6% |
| WHEAT | 2025-09-13 | [WASDE: USDA surprises with even bigger corn production](https://feedsoft.ai/events/6849-wasde-usda-surprises-with-even-bigger-corn-production.md) | -0.4% | -0.3% |
| WHEAT | 2022-05-12 | [May WASDE feeds wheat bulls](https://feedsoft.ai/events/41350-may-wasde-feeds-wheat-bulls.md) | +5.9% | +0.7% |
| KWHEAT | 2021-07-12 | [Wheat takes center stage in July WASDE](https://feedsoft.ai/events/46006-wheat-takes-center-stage-in-july-wasde.md) | +8.8% | +17.8% |
| KWHEAT | 2021-07-12 | [Grain Stocks Surprise Traders in the July WASDE Report \| Red River Farm Network](https://feedsoft.ai/events/46000-grain-stocks-surprise-traders-in-the-july-wasde-report-red-river-farm-network.md) | +8.8% | +17.8% |
| KWHEAT | 2021-10-01 | [Wheat Comes Out as Winner of USDA's Sept. 30 Reports](https://feedsoft.ai/events/44582-wheat-comes-out-as-winner-of-usda-s-sept-30-reports.md) | +1.3% | +8.0% |

## Sources

- dtnpf.com: https://www.dtnpf.com/agriculture/web/ag/columns/another-view/article/2020/12/11/surprise-winner-wasde-wheat

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