# Wheat down on higher USDA crop projection - Brownfield Ag News

> Wheat fell on a higher USDA winter wheat production projection, and soybeans were modestly lower after trade talks with China ended without an announced agreement. The USDA raised US old-crop ending stocks to a record and cut China's 2018/19 soybean import estimate due to African Swine Fever.

- Date: 2019-05-10 · published 2019-05-10T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/5742-wheat-down-on-higher-usda-crop-projection-brownfield-ag-news
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Record US stocks and a lower China import estimate weigh on wheat, soybean and soymeal prices, though planting delays could tighten the new-crop outlook.

## Read by commodity

- SBM: bearish ▼
- SBO: bullish ▲
- SOY: bearish ▼
- CORN: bearish ▼
- WHEAT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2018-09-12 | [Corn, wheat down following USDA numbers - Brownfield Ag News](https://feedsoft.ai/events/62984-corn-wheat-down-following-usda-numbers-brownfield-ag-news.md) | -6.9% | -6.6% |
| WHEAT | 2023-04-11 | [Soybeans up, corn, wheat down after USDA numbers - Brownfield Ag News](https://feedsoft.ai/events/36347-soybeans-up-corn-wheat-down-after-usda-numbers-brownfield-ag-news.md) | +8.8% | -0.9% |
| WHEAT | 2022-06-30 | [Corn, wheat fall after USDA numbers - Brownfield Ag News](https://feedsoft.ai/events/40957-corn-wheat-fall-after-usda-numbers-brownfield-ag-news.md) | -8.7% | -16.4% |
| WHEAT | 2022-10-12 | [Soybeans mostly up, wheat down after USDA numbers - Brownfield Ag News](https://feedsoft.ai/events/5090-soybeans-mostly-up-wheat-down-after-usda-numbers-brownfield-ag-news.md) | +3.6% | +4.6% |
| WHEAT | 2025-02-10 | [Corn up, wheat down ahead of WASDE numbers - Brownfield Ag News](https://feedsoft.ai/events/11102-corn-up-wheat-down-ahead-of-wasde-numbers-brownfield-ag-news.md) | -0.2% | -3.8% |
| SOY | 2022-06-30 | [Corn, wheat fall after USDA numbers - Brownfield Ag News](https://feedsoft.ai/events/40957-corn-wheat-fall-after-usda-numbers-brownfield-ag-news.md) | -5.0% | -3.9% |
| SOY | 2017-07-12 | [USDA numbers push corn, wheat sharply lower - Brownfield Ag News](https://feedsoft.ai/events/6474-usda-numbers-push-corn-wheat-sharply-lower-brownfield-ag-news.md) | -3.5% | -6.1% |
| SOY | 2017-03-29 | [Soybeans down, corn up after USDA numbers - Brownfield Ag News](https://feedsoft.ai/events/72023-soybeans-down-corn-up-after-usda-numbers-brownfield-ag-news.md) | -3.5% | -2.7% |

## Sources

- brownfieldagnews.com: https://brownfieldagnews.com/blog/market-news/wheat-down-on-higher-usda-crop-projection/

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