# February WASDE report: price implications

> The USDA's February WASDE, released Feb. 8, showed few surprises for wheat. World 2019/20 wheat ending stocks are projected at 9.83 billion bushels versus 10.3 billion last year, while U.S. HRW ending stocks are projected to fall from 581 million to 491 million bushels.

- Date: 2019-02-15 · published 2019-02-15T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/60644-february-wasde-report-price-implications
- Commodities: [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Tighter U.S. HRW protein supplies could support Kansas and Oklahoma wheat basis, but overall excess world supply limits upside for wheat prices.

## Read by commodity

- WHEAT: neutral
- KWHEAT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| KWHEAT | 2021-11-13 | [GRAIN  PRICE WEEKLY REPORT](https://feedsoft.ai/events/7052-grain-price-weekly-report.md) | +0.2% | -2.9% |
| KWHEAT | 2024-09-13 | [WASDE Report Spurs Wheat & Corn Price Rally, Soybeans Lag \| tastylive](https://feedsoft.ai/events/28257-wasde-report-spurs-wheat-and-corn-price-rally-soybeans-lag-tastylive.md) | -2.4% | +5.6% |
| KWHEAT | 2026-05-12 | [Lowest Hard Red Winter Wheat Production Since 1957 Highlighted in Latest WASDE Report - Oklahoma Farm Report](https://feedsoft.ai/events/19194-lowest-hard-red-winter-wheat-production-since-1957-highlighted-in-latest-wasde.md) | +4.5% | -6.3% |
| KWHEAT | 2022-06-10 | [June WASDE: More hard red wheat losses push up prices](https://feedsoft.ai/events/40895-june-wasde-more-hard-red-wheat-losses-push-up-prices.md) | -0.5% | -20.2% |
| KWHEAT | 2021-07-12 | [Grain Stocks Surprise Traders in the July WASDE Report \| Red River Farm Network](https://feedsoft.ai/events/46000-grain-stocks-surprise-traders-in-the-july-wasde-report-red-river-farm-network.md) | +8.8% | +17.8% |
| WHEAT | 2024-02-08 | [February 2024 WASDE Report Summary and Notes - CIH](https://feedsoft.ai/events/31632-february-2024-wasde-report-summary-and-notes-cih.md) | -4.2% | -1.8% |
| WHEAT | 2023-02-08 | [Key data in USDA's February 8 Wasde report, and difference from market expectations - Grain Price News](https://feedsoft.ai/events/37260-key-data-in-usda-s-february-8-wasde-report-and-difference-from-market.md) | -1.9% | -8.1% |
| WHEAT | 2024-02-29 | [Grain Transportation Report, February 29, 2024](https://feedsoft.ai/events/16567-grain-transportation-report-february-29-2024.md) | +6.6% | +0.4% |

## Sources

- farmprogress.com: https://www.farmprogress.com/wheat/february-wasde-report-price-implications

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