# Spring Wheat Futures Face Technical Challenges

> December spring wheat hit its highest trade in seven sessions on September 30 after USDA stocks came in slightly below expectations. Winter wheat production estimates for hard red and soft red were below prior USDA numbers, while other spring wheat was raised above expectations.

- Date: 2020-09-30 · published 2020-09-30T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/51156-spring-wheat-futures-face-technical-challenges
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md)

## Why it matters

Lower HRW and SRW production estimates are mildly bullish for US wheat prices, while the higher other-spring estimate offsets part of the rally for buyers.

## Read by commodity

- WHEAT: bullish ▲
- KWHEAT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2016-09-13 | [Wheat Futures Challenged to Maintain Current Uptrend](https://feedsoft.ai/events/10182-wheat-futures-challenged-to-maintain-current-uptrend.md) | +0.8% | -0.5% |
| WHEAT | 2020-10-07 | [Wheat price rally as US futures hit highs \| Farm Online \| ACT](https://feedsoft.ai/events/11632-wheat-price-rally-as-us-futures-hit-highs-farm-online-act.md) | +0.4% | -0.1% |
| WHEAT | 2026-05-12 | [Canadian wheat rises to its highest price since June 2025 tracking futures rally \| S&P Global](https://feedsoft.ai/events/10793-canadian-wheat-rises-to-its-highest-price-since-june-2025-tracking-futures.md) | +2.0% | -3.2% |
| WHEAT | 2022-05-25 | [Global Wheat Production Challenged Everywhere It Grows, Keeping Upward Pressure on Prices](https://feedsoft.ai/events/41434-global-wheat-production-challenged-everywhere-it-grows-keeping-upward-pressure.md) | -1.3% | -3.0% |
| WHEAT | 2023-04-01 | [2023 wheat harvest forecast:  Still challenges for importing countries! \| Miller Magazine](https://feedsoft.ai/events/36338-2023-wheat-harvest-forecast-still-challenges-for-importing-countries-miller.md) | -13.2% | -13.6% |
| KWHEAT | 2016-09-13 | [Wheat Futures Challenged to Maintain Current Uptrend](https://feedsoft.ai/events/10182-wheat-futures-challenged-to-maintain-current-uptrend.md) | +4.2% | +1.6% |
| KWHEAT | 2026-05-12 | [Canadian wheat rises to its highest price since June 2025 tracking futures rally \| S&P Global](https://feedsoft.ai/events/10793-canadian-wheat-rises-to-its-highest-price-since-june-2025-tracking-futures.md) | +4.5% | -6.3% |
| KWHEAT | 2022-05-25 | [Global Wheat Production Challenged Everywhere It Grows, Keeping Upward Pressure on Prices](https://feedsoft.ai/events/41434-global-wheat-production-challenged-everywhere-it-grows-keeping-upward-pressure.md) | -8.8% | -18.8% |

## Sources

- dtnpf.com: https://www.dtnpf.com/agriculture/web/Ag/blogs/canada-markets/blog-post/2020/09/30/spring-wheat-futures-face-technical

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