# Markets react as USDA reduces production estimates | The Rural | Wagga Wagga, NSW

> USDA's January WASDE cut Russian wheat output by 1 million tonnes and Australian wheat by 0.5 million tonnes, while raising EU production by 0.5 million tonnes. US winter wheat plantings were the second lowest on record, and world wheat stocks fell 1.42 million tonnes.

- Date: 2020-01-15 · published 2020-01-15T12:00:00.000Z
- Category: report · region Global · magnitude medium
- Page: https://feedsoft.ai/events/55031-markets-react-as-usda-reduces-production-estimates-the-rural-wagga-wagga-nsw
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md)

## Why it matters

Lower Russian and Australian wheat output and record-low US winter wheat area tighten global wheat supplies, supporting prices.

## Read by commodity

- WHEAT: bullish ▲
- KWHEAT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2022-10-06 | [USDA takes axe to wheat production estimate \| The Western Producer](https://feedsoft.ai/events/5092-usda-takes-axe-to-wheat-production-estimate-the-western-producer.md) | -14.4% | -16.5% |
| WHEAT | 2026-05-14 | [Markets React as USDA Releases First Look at 2026/27 Estimates](https://feedsoft.ai/events/19193-markets-react-as-usda-releases-first-look-at-2026-27-estimates.md) | +0.7% | -4.2% |
| WHEAT | 2026-05-12 | [Wheat Rallies the Limit on Tuesday as USDA Releases Production Updates](https://feedsoft.ai/events/10795-wheat-rallies-the-limit-on-tuesday-as-usda-releases-production-updates.md) | +2.0% | -3.2% |
| WHEAT | 2017-06-14 | [ABARE crop report signals a 33 per cent fall in winter crop production  \| The Rural \| Wagga Wagga, NSW](https://feedsoft.ai/events/70450-abare-crop-report-signals-a-33-per-cent-fall-in-winter-crop-production-the.md) | +0.6% | +1.3% |
| WHEAT | 2021-08-13 | [Prairie Wheat Weekly: USDA estimates raise wheat bids - MarketsFarm](https://feedsoft.ai/events/45610-prairie-wheat-weekly-usda-estimates-raise-wheat-bids-marketsfarm.md) | +1.6% | +3.2% |
| KWHEAT | 2022-10-06 | [USDA takes axe to wheat production estimate \| The Western Producer](https://feedsoft.ai/events/5092-usda-takes-axe-to-wheat-production-estimate-the-western-producer.md) | -2.0% | -5.0% |
| KWHEAT | 2026-05-12 | [Wheat Rallies the Limit on Tuesday as USDA Releases Production Updates](https://feedsoft.ai/events/10795-wheat-rallies-the-limit-on-tuesday-as-usda-releases-production-updates.md) | +4.5% | -6.3% |
| KWHEAT | 2021-12-15 | [Adjusting to USDA Estimates in a Record-Setting Marketing Year](https://feedsoft.ai/events/43646-adjusting-to-usda-estimates-in-a-record-setting-marketing-year.md) | +4.5% | -3.4% |

## Sources

- therural.com.au: https://www.therural.com.au/story/6581762/markets-react-as-usda-reduces-production-estimates/

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