# HRW Wheat Winding Down - Northern Ag Network

> USDA estimates world wheat production will fall 3.7 percent in 2018/19 to 730.9 million tonnes, with European, Russian and Australian crops down sharply. Ending stocks for the top seven exporters are projected to drop 25 percent to the lowest level in about 11 years. Kansas City December wheat has nonetheless traded in a narrow range in October.

- Date: 2018-10-23 · published 2018-10-23T12:00:00.000Z
- Category: report · region Global · magnitude low
- Page: https://feedsoft.ai/events/62624-hrw-wheat-winding-down-northern-ag-network
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md)

## Why it matters

Tightening exporter stocks support wheat prices over the medium term, though current markets lack a near-term catalyst.

## Read by commodity

- WHEAT: bullish ▲
- KWHEAT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2018-06-13 | [Wheat Prices Rally on Lower U.S. Winter Wheat Production Estimate - Northern Ag Network](https://feedsoft.ai/events/64483-wheat-prices-rally-on-lower-u-s-winter-wheat-production-estimate-northern-ag.md) | -2.0% | -8.2% |
| WHEAT | 2018-07-12 | [Corn, wheat supported by ending stocks - Brownfield Ag News](https://feedsoft.ai/events/64000-corn-wheat-supported-by-ending-stocks-brownfield-ag-news.md) | +3.8% | +9.7% |
| WHEAT | 2020-05-21 | [Russia News Boosts Wheat Markets - AG INFORMATION NETWORK OF THE WEST](https://feedsoft.ai/events/53172-russia-news-boosts-wheat-markets-ag-information-network-of-the-west.md) | +1.3% | -0.9% |
| WHEAT | 2022-01-17 | [All wheat stocks stored in Northwest Region down 43 percent from December 1, 2020 - Morning Ag Clips](https://feedsoft.ai/events/43207-all-wheat-stocks-stored-in-northwest-region-down-43-percent-from-december-1.md) | +4.8% | +3.1% |
| WHEAT | 2024-09-30 | [Wheat Trending Higher to Kick Off Monday](https://feedsoft.ai/events/28349-wheat-trending-higher-to-kick-off-monday.md) | +0.6% | -6.3% |
| KWHEAT | 2020-01-27 | [Hard Times on Hard Red Winter Wheat - Northern Ag Network](https://feedsoft.ai/events/8056-hard-times-on-hard-red-winter-wheat-northern-ag-network.md) | -4.2% | -6.9% |
| KWHEAT | 2020-05-21 | [Russia News Boosts Wheat Markets - AG INFORMATION NETWORK OF THE WEST](https://feedsoft.ai/events/53172-russia-news-boosts-wheat-markets-ag-information-network-of-the-west.md) | +2.4% | -5.5% |
| KWHEAT | 2024-09-30 | [Wheat Trending Higher to Kick Off Monday](https://feedsoft.ai/events/28349-wheat-trending-higher-to-kick-off-monday.md) | +3.7% | -0.8% |

## Sources

- northernag.net: https://www.northernag.net/hrw-wheat-winding-down/

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