# Key Facts from USDA’s February 2019 World Wheat Supply and Demand Report - U.S. Wheat Associates

> USDA's February 2019 WASDE cut global wheat production 3% to 735 MMT, with sharp drops in the EU, Russia and Australia. It raised global use to a record 747 MMT, driven by higher Chinese feed use, and kept world trade near last year's level at 179 MMT.

- Date: 2019-02-19 · published 2019-02-19T12:00:00.000Z
- Category: report · region Global · magnitude medium
- Page: https://feedsoft.ai/events/60640-key-facts-from-usda-s-february-2019-world-wheat-supply-and-demand-report-u-s
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Lower production in major exporters alongside record use tightens the wheat balance sheet and supports prices. Feed buyers should expect firmer wheat values relative to the recent lows.

## Read by commodity

- WHEAT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2017-06-29 | [World Wheat Production to Decline in 2017/18 - U.S. Wheat Associates](https://feedsoft.ai/events/70449-world-wheat-production-to-decline-in-2017-18-u-s-wheat-associates.md) | +2.3% | -2.9% |
| WHEAT | 2022-11-01 | [What is the Latest Supply and Demand Situation for U.S. Wheat Classes?](https://feedsoft.ai/events/39160-what-is-the-latest-supply-and-demand-situation-for-u-s-wheat-classes.md) | +7.3% | +7.7% |
| WHEAT | 2020-06-10 | [Commercial U.S. Wheat Export Sales Top USDA Estimate - U.S. Wheat Associates](https://feedsoft.ai/events/52646-commercial-u-s-wheat-export-sales-top-usda-estimate-u-s-wheat-associates.md) | -1.1% | -5.3% |
| WHEAT | 2019-01-10 | [Mid-Year Report: U.S. Wheat Export Pace Likely to Pick Up - U.S. Wheat Associates](https://feedsoft.ai/events/61143-mid-year-report-u-s-wheat-export-pace-likely-to-pick-up-u-s-wheat-associates.md) | -0.8% | +1.6% |
| WHEAT | 2018-06-28 | [Strong Demand Pushes Global Wheat Prices Higher - U.S. Wheat Associates](https://feedsoft.ai/events/64554-strong-demand-pushes-global-wheat-prices-higher-u-s-wheat-associates.md) | -4.2% | +0.8% |

## Sources

- uswheat.org: https://uswheat.org/wheatletter/key-facts-from-usdas-february-2019-world-wheat-supply-and-demand-report/

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