# Wheat acreage decline - AG INFORMATION NETWORK OF THE WEST

> USDA Outlook Board chairman Mark Jekanowski says U.S. wheat acreage continues to decline and the crop will be about 4% smaller than last year. USDA cut its all-wheat price forecast to 4.50 a bushel, eight cents below the past marketing year, citing ample global supplies.

- Date: 2020-08-26 · published 2020-08-26T12:00:00.000Z
- Category: report · region US · magnitude low
- Page: https://feedsoft.ai/events/51656-wheat-acreage-decline-ag-information-network-of-the-west
- Commodities: [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Smaller US acreage is supportive, but ample Black Sea and global supplies dominate pricing, so the lower USDA price outlook signals continued weakness for wheat.

## Read by commodity

- WHEAT: bearish ▼
- KWHEAT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| KWHEAT | 2017-07-13 | [A Shock to the Wheat Market - Northern Ag Network](https://feedsoft.ai/events/69888-a-shock-to-the-wheat-market-northern-ag-network.md) | -5.3% | -12.2% |
| KWHEAT | 2023-06-29 | [Wheat prices fell again by 2.2-4.8% on the background of increased acreage in Canada](https://feedsoft.ai/events/35514-wheat-prices-fell-again-by-2-2-4-8-on-the-background-of-increased-acreage-in.md) | +5.3% | +8.2% |
| KWHEAT | 2021-03-18 | [The higher forecast production in the new season lowers the price of wheat old crop](https://feedsoft.ai/events/48191-the-higher-forecast-production-in-the-new-season-lowers-the-price-of-wheat-old.md) | -4.1% | +1.1% |
| KWHEAT | 2023-12-19 | [Increasing forecasts of wheat harvest and exports from Canada lowers quotations in the US](https://feedsoft.ai/events/32746-increasing-forecasts-of-wheat-harvest-and-exports-from-canada-lowers-quotations.md) | +2.4% | -3.6% |
| KWHEAT | 2023-05-31 | [Wheat prices fell by 2.5-4.7% against the background of the acceleration of sowing in the USA and an increase in crop forecasts in the EU and the Russia](https://feedsoft.ai/events/35987-wheat-prices-fell-by-2-5-4-7-against-the-background-of-the-acceleration-of.md) | +4.7% | +2.2% |
| WHEAT | 2017-07-13 | [A Shock to the Wheat Market - Northern Ag Network](https://feedsoft.ai/events/69888-a-shock-to-the-wheat-market-northern-ag-network.md) | -1.8% | -1.6% |
| WHEAT | 2023-06-29 | [Wheat prices fell again by 2.2-4.8% on the background of increased acreage in Canada](https://feedsoft.ai/events/35514-wheat-prices-fell-again-by-2-2-4-8-on-the-background-of-increased-acreage-in.md) | -8.3% | -8.2% |
| WHEAT | 2016-11-17 | [Strategy of grains estimates EU acreage for wheat at](https://feedsoft.ai/events/73796-strategy-of-grains-estimates-eu-acreage-for-wheat-at.md) | -2.1% | +0.6% |

## Sources

- aginfo.net: https://www.aginfo.net/report/46927/Line-on-Agriculture/Wheat-acreage-decline

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