# No surprises in USDA report | Farm Online | ACT

> The August USDA report lowered global wheat production by 6.63 million tonnes, mainly from EU and Black Sea crop cuts, and global stocks fell 1.9 million tonnes. US wheat production was trimmed after the Spring Wheat Tour, but US exports were raised, cutting US ending stocks by 1.35 million tonnes. Prices fell sharply after the report due to larger-than-expected US corn and soybean figures.

- Date: 2018-08-13 · published 2018-08-13T12:00:00.000Z
- Category: report · region Global · magnitude medium
- Page: https://feedsoft.ai/events/63483-no-surprises-in-usda-report-farm-online-act
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md), [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Tighter global wheat supplies from EU and Black Sea shortfalls support wheat prices and may increase wheat's cost as a feed ingredient, while corn and soy weakness offsets some pressure.

## Read by commodity

- SOY: bearish ▼
- CORN: bearish ▼
- WHEAT: bullish ▲
- KWHEAT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2026-06-11 | [USDA June 11 Report \| No Major Surprises - ADM Investor Services](https://feedsoft.ai/events/18731-usda-june-11-report-no-major-surprises-adm-investor-services.md) | +4.1% | +2.3% |
| WHEAT | 2019-02-20 | [ABARES reports the winter crop is the lowest in over a decade  \| Farm Online \| ACT](https://feedsoft.ai/events/60578-abares-reports-the-winter-crop-is-the-lowest-in-over-a-decade-farm-online-act.md) | -3.5% | +0.0% |
| WHEAT | 2021-04-01 | [Agriculture ETFs Surge Following a Surprise USDA Report](https://feedsoft.ai/events/47553-agriculture-etfs-surge-following-a-surprise-usda-report.md) | +0.2% | +4.6% |
| WHEAT | 2017-07-05 | [Wheat prices catch fire \| Farm Online \| ACT](https://feedsoft.ai/events/6182-wheat-prices-catch-fire-farm-online-act.md) | -0.9% | +0.4% |
| WHEAT | 2021-09-30 | [Soy stumbles on bearish USDA report](https://feedsoft.ai/events/45036-soy-stumbles-on-bearish-usda-report.md) | +5.6% | +8.7% |
| KWHEAT | 2017-07-05 | [Wheat prices catch fire \| Farm Online \| ACT](https://feedsoft.ai/events/6182-wheat-prices-catch-fire-farm-online-act.md) | -0.0% | -14.0% |
| KWHEAT | 2021-09-30 | [Soy stumbles on bearish USDA report](https://feedsoft.ai/events/45036-soy-stumbles-on-bearish-usda-report.md) | +4.7% | +10.0% |
| 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% |

## Sources

- farmonline.com.au: https://www.farmonline.com.au/story/5581370/no-surprises-in-usda-report/

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