# USDA trims 2021 wheat carryover | 2020-08-14  | World Grain

> USDA projected the 2021 US wheat carryover on June 1 at 925 million bushels, down 17 million from July and 11% below 2020. The agency raised 2020/21 exports 25 million bushels to 975 million, citing lower production in competitors, notably the EU.

- Date: 2020-08-14 · published 2020-08-14T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/51660-usda-trims-2021-wheat-carryover-2020-08-14-world-grain
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md)

## Why it matters

A smaller projected carryover and higher exports tighten the US wheat balance sheet, which is supportive for prices.

## Read by commodity

- WHEAT: bullish ▲
- KWHEAT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2018-05-10 | [USDA predicts lower carryover for corn, wheat and soybeans \| World-grain.com \| May 10, 2018 19:23 \| World Grain](https://feedsoft.ai/events/64970-usda-predicts-lower-carryover-for-corn-wheat-and-soybeans-world-grain-com-may.md) | -1.0% | +2.7% |
| WHEAT | 2021-01-27 | [Smaller wheat and oat crops forecast for Canada \| 2021-01-27  \| World Grain](https://feedsoft.ai/events/49209-smaller-wheat-and-oat-crops-forecast-for-canada-2021-01-27-world-grain.md) | -10.0% | -0.5% |
| WHEAT | 2020-01-13 | [USDA reports offer mixed signals \| 2020-01-13  \| World Grain](https://feedsoft.ai/events/55020-usda-reports-offer-mixed-signals-2020-01-13-world-grain.md) | +0.7% | -4.2% |
| WHEAT | 2020-02-18 | [Australia wheat output revised lower \| 2020-02-18  \| World Grain](https://feedsoft.ai/events/54572-australia-wheat-output-revised-lower-2020-02-18-world-grain.md) | -0.9% | -0.1% |
| WHEAT | 2018-11-12 | [Grain market review: Wheat \| 2018-11-12  \| World Grain](https://feedsoft.ai/events/62073-grain-market-review-wheat-2018-11-12-world-grain.md) | -0.2% | +0.8% |
| KWHEAT | 2020-01-13 | [USDA reports offer mixed signals \| 2020-01-13  \| World Grain](https://feedsoft.ai/events/55020-usda-reports-offer-mixed-signals-2020-01-13-world-grain.md) | -0.1% | -4.5% |
| KWHEAT | 2018-04-02 | [Grain market review: Wheat \| World-grain.com \| April 02, 2018 14:04 \| World Grain](https://feedsoft.ai/events/65546-grain-market-review-wheat-world-grain-com-april-02-2018-14-04-world-grain.md) | +8.5% | +9.6% |
| KWHEAT | 2018-11-12 | [Grain market review: Wheat \| 2018-11-12  \| World Grain](https://feedsoft.ai/events/62073-grain-market-review-wheat-2018-11-12-world-grain.md) | -1.0% | -2.1% |

## Sources

- world-grain.com: https://www.world-grain.com/articles/14099-usda-trims-2021-wheat-carryover

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