# Wheat Defies the Odds

> DTN's Todd Hultman reports that a wet spring cut U.S. soft red winter wheat production to 258 million bushels in June, the smallest since 2010. Chicago September wheat reached $5.57 1/4 on June 27, a 14% premium over Kansas City wheat, the widest since 1979.

- Date: 2019-08-01 · published 2019-08-01T12:00:00.000Z
- Category: weather · region US · magnitude low
- Page: https://feedsoft.ai/events/57619-wheat-defies-the-odds
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Smaller SRW supplies drove a premium that has since faded as world supplies recovered, so the rally appears less durable. Buyers should weigh the record global crop outlook against regional tightness.

## Read by commodity

- WHEAT: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2018-04-26 | [Bumpy ride for wheat futures \| The Land \| NSW](https://feedsoft.ai/events/11224-bumpy-ride-for-wheat-futures-the-land-nsw.md) | +2.9% | +2.7% |
| WHEAT | 2019-07-30 | [Harvest 2019: Rain could put the brakes on wheat combining](https://feedsoft.ai/events/58188-harvest-2019-rain-could-put-the-brakes-on-wheat-combining.md) | -1.1% | -0.7% |
| WHEAT | 2021-12-22 | [From Milling to Feed – the Downgraded Australian Wheat Crop](https://feedsoft.ai/events/43537-from-milling-to-feed-the-downgraded-australian-wheat-crop.md) | -0.2% | +8.0% |
| WHEAT | 2017-03-09 | [Return of the Dirty Thirties — with a vengeance](https://feedsoft.ai/events/71830-return-of-the-dirty-thirties-with-a-vengeance.md) | +0.7% | +0.6% |
| WHEAT | 2024-03-06 | [Setting the Stage for the 2024/25 World Wheat Crop - U.S. Wheat Associates](https://feedsoft.ai/events/31124-setting-the-stage-for-the-2024-25-world-wheat-crop-u-s-wheat-associates.md) | -7.7% | -7.7% |

## Sources

- dtnpf.com: https://www.dtnpf.com/agriculture/web/ag/news/article/2019/07/22/wheat-defies-odds

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