# USDA forecasts intense competition on wheat, corn - Grain Central

> The May WASDE projected abundant exporter supplies for 2020-21 wheat, with Argentina expected to have large exports, Australia its largest crop in four years, and Canada larger output. EU exports are forecast to plunge on a much smaller crop, while Russia is expected to regain its lead as top exporter with a bumper crop.

- Date: 2020-05-13 · published 2020-05-13T12:00:00.000Z
- Category: report · region Global · magnitude medium
- Page: https://feedsoft.ai/events/53176-usda-forecasts-intense-competition-on-wheat-corn-grain-central
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Heavier competition among exporters and lower EU exports point to softer wheat prices and more wheat available for feed use, while large corn supplies reduce wheat's use in animal feed.

## Read by commodity

- CORN: bearish ▼
- WHEAT: bearish ▼
- KWHEAT: bearish ▼

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| KWHEAT | 2020-05-14 | 5 | -10.3% | -3.0 | WASDE pointed to abundant exporter supplies (Russia bumper crop, Australia, Canada, Argentina), increasing export competition and pressuring US HRW prices. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 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) | -4.2% | -2.6% |
| WHEAT | 2022-12-05 | [ABARES forecasts record wheat, canola crops - Grain Central](https://feedsoft.ai/events/38213-abares-forecasts-record-wheat-canola-crops-grain-central.md) | -9.5% | -0.8% |
| WHEAT | 2022-11-14 | [WASDE lifts Aus wheat, barley forecasts - Grain Central](https://feedsoft.ai/events/38637-wasde-lifts-aus-wheat-barley-forecasts-grain-central.md) | +0.8% | +0.0% |
| WHEAT | 2020-09-07 | [ABARES lifts national wheat, barley, canola forecasts - Grain Central](https://feedsoft.ai/events/51080-abares-lifts-national-wheat-barley-canola-forecasts-grain-central.md) | +10.0% | +16.8% |
| WHEAT | 2020-11-30 | [ABARES lifts national wheat, barley, canola forecasts - Grain Central](https://feedsoft.ai/events/50128-abares-lifts-national-wheat-barley-canola-forecasts-grain-central.md) | -0.9% | +8.3% |
| KWHEAT | 2020-08-13 | [WASDE steady on wheat, bearish on corn, soybeans - Grain Central](https://feedsoft.ai/events/51547-wasde-steady-on-wheat-bearish-on-corn-soybeans-grain-central.md) | +4.7% | +14.0% |
| KWHEAT | 2025-05-14 | [USDA forecasts lower wheat, corn, sorghum prices for 2025/26](https://feedsoft.ai/events/24718-usda-forecasts-lower-wheat-corn-sorghum-prices-for-2025-26.md) | +6.8% | +4.8% |
| KWHEAT | 2024-08-22 | [USDA forecasts Australia's wheat crop to be up year on year \| Farm Online \| ACT](https://feedsoft.ai/events/28737-usda-forecasts-australia-s-wheat-crop-to-be-up-year-on-year-farm-online-act.md) | +1.6% | +5.3% |

## Sources

- graincentral.com: https://www.graincentral.com/markets/usda-forecasts-intense-competition-on-wheat-corn/

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