# USDA: Wheat Stocks Drop, But Prices Hold

> USDA outlook projections show US wheat plantings declining to likely the lowest acreage on record, with production slightly lower. Ending stocks for the coming year are projected 7% smaller, while the average all-wheat price is forecast at $4.60 per bushel. Exports are projected at 950 million bushels, about 2% below the current year.

- Date: 2020-05-19 · published 2020-05-19T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/53171-usda-wheat-stocks-drop-but-prices-hold
- Commodities: [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Tighter US stocks are offset by higher global supply, which USDA expects to keep prices flat. Export demand is expected to ease slightly, so limited price upside is implied for US wheat.

## Read by commodity

- WHEAT: neutral
- KWHEAT: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| KWHEAT | 2020-07-13 | [Global wheat prices soften in June: USDA - Grain Central](https://feedsoft.ai/events/52172-global-wheat-prices-soften-in-june-usda-grain-central.md) | +0.3% | -7.1% |
| KWHEAT | 2023-04-12 | [The USDA raised its consumption forecast and lowered its estimate of wheat stocks, but prices continued to fall](https://feedsoft.ai/events/36464-the-usda-raised-its-consumption-forecast-and-lowered-its-estimate-of-wheat.md) | +1.5% | +4.4% |
| 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 | 2023-10-27 | [Why Wheat Prices are Due for a Rebound](https://feedsoft.ai/events/33648-why-wheat-prices-are-due-for-a-rebound.md) | -2.0% | -8.1% |
| KWHEAT | 2019-04-22 | [Low wheat prices predicted for the next 10-years](https://feedsoft.ai/events/59627-low-wheat-prices-predicted-for-the-next-10-years.md) | -4.8% | +0.1% |
| WHEAT | 2018-05-24 | [Change in USDA Wheat Stocks Estimates](https://feedsoft.ai/events/64973-change-in-usda-wheat-stocks-estimates.md) | -0.8% | -2.2% |
| WHEAT | 2023-09-15 | [USDA report triggers corn and soybean price drop, wheat remai ...](https://feedsoft.ai/events/34044-usda-report-triggers-corn-and-soybean-price-drop-wheat-remai.md) | +0.1% | -1.6% |
| WHEAT | 2025-02-11 | [USDA Cuts World Corn, Soybean, Wheat Ending Stocks](https://feedsoft.ai/events/25989-usda-cuts-world-corn-soybean-wheat-ending-stocks.md) | +2.0% | -3.0% |

## Sources

- pnwag.net: https://pnwag.net/usda-wheat-stocks-drop-but-prices-hold/

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