# Global wheat prices soften in June: USDA - Grain Central

> USDA's July Foreign Agricultural Service report showed wheat export prices in most major exporting countries fell in June on northern hemisphere harvest pressure. Prices have since rebounded on expectations of smaller EU and Russian crops, and global consumption forecasts were lowered.

- Date: 2020-07-13 · published 2020-07-13T12:00:00.000Z
- Category: report · region Global · magnitude low
- Page: https://feedsoft.ai/events/52172-global-wheat-prices-soften-in-june-usda-grain-central
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md)

## Why it matters

Smaller expected EU and Russian crops and reduced consumption outlooks point to firmer wheat prices ahead, while harvest pressure weighed in June.

## Read by commodity

- WHEAT: bullish ▲
- KWHEAT: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2021-08-17 | [USDA slashes global wheat production - Grain Central](https://feedsoft.ai/events/45538-usda-slashes-global-wheat-production-grain-central.md) | +0.1% | +3.4% |
| WHEAT | 2020-04-14 | [COVID-19 lifts prices despite big wheat stocks: USDA - Grain Central](https://feedsoft.ai/events/53684-covid-19-lifts-prices-despite-big-wheat-stocks-usda-grain-central.md) | -2.1% | -2.2% |
| WHEAT | 2020-07-14 | [Global wheat production on the decline - Grain Central](https://feedsoft.ai/events/52052-global-wheat-production-on-the-decline-grain-central.md) | +0.4% | -1.8% |
| WHEAT | 2023-05-15 | [USDA sees 26pc drop in Australia's new-crop wheat - Grain Central](https://feedsoft.ai/events/35906-usda-sees-26pc-drop-in-australia-s-new-crop-wheat-grain-central.md) | -1.6% | -7.1% |
| WHEAT | 2017-07-03 | [World crop outlook breathes life into wheat prices - Grain Central](https://feedsoft.ai/events/6179-world-crop-outlook-breathes-life-into-wheat-prices-grain-central.md) | -0.1% | +1.9% |
| KWHEAT | 2023-05-15 | [USDA sees 26pc drop in Australia's new-crop wheat - Grain Central](https://feedsoft.ai/events/35906-usda-sees-26pc-drop-in-australia-s-new-crop-wheat-grain-central.md) | -7.6% | -10.7% |
| KWHEAT | 2025-05-13 | [USDA forecasts Australian new-crop wheat at 31Mt - Grain Central](https://feedsoft.ai/events/24628-usda-forecasts-australian-new-crop-wheat-at-31mt-grain-central.md) | +4.9% | +5.8% |
| KWHEAT | 2020-05-19 | [USDA: Wheat Stocks Drop, But Prices Hold](https://feedsoft.ai/events/53171-usda-wheat-stocks-drop-but-prices-hold.md) | +0.2% | -1.8% |

## Sources

- graincentral.com: https://www.graincentral.com/markets/global-wheat-prices-soften-in-june-usda/

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