# Ahead of USDA Report, Wheat Futures on a Powder Keg - U.S. Wheat Associates

> Chicago SRW wheat rose 5% and Kansas City HRW rose 6% in the week to August 8 after a rumor that Ukraine might restrict milling wheat exports briefly triggered a limit-up move. Analysts expect USDA to cut world wheat production estimates because of smaller crops in the EU and Russia. The Russian Ministry of Agriculture forecasts 2018/19 Russian wheat output at 64.4 MMT, down 25%.

- Date: 2018-08-08 · published 2018-08-08T12:00:00.000Z
- Category: weather · region Global · magnitude medium
- Page: https://feedsoft.ai/events/63579-ahead-of-usda-report-wheat-futures-on-a-powder-keg-u-s-wheat-associates
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md)

## Why it matters

A tighter global wheat crop and lower Russian exportable supply reduce the wheat available for feed use and support higher wheat prices. Wheat-based feed ingredients will likely track these moves.

## Read by commodity

- WHEAT: bullish ▲
- KWHEAT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2017-06-15 | [Premiums for Protein on the Rise - U.S. Wheat Associates](https://feedsoft.ai/events/70538-premiums-for-protein-on-the-rise-u-s-wheat-associates.md) | +0.4% | +0.4% |
| WHEAT | 2017-12-14 | [World Wheat Conditions Roundup - U.S. Wheat Associates](https://feedsoft.ai/events/67426-world-wheat-conditions-roundup-u-s-wheat-associates.md) | +1.3% | +2.5% |
| WHEAT | 2018-05-18 | [GRAINS-U.S. wheat futures rally; corn, soy firm on hopes for export deal](https://feedsoft.ai/events/10916-grains-u-s-wheat-futures-rally-corn-soy-firm-on-hopes-for-export-deal.md) | +4.1% | +2.4% |
| WHEAT | 2018-05-17 | [GRAINS-U.S. wheat futures rise on world weather woes, corn; soy flat](https://feedsoft.ai/events/10915-grains-u-s-wheat-futures-rise-on-world-weather-woes-corn-soy-flat.md) | +4.3% | +3.0% |
| WHEAT | 2017-06-28 | [U.S. grains: Spring wheat futures top US$7 on weather worries - Grainews](https://feedsoft.ai/events/70514-u-s-grains-spring-wheat-futures-top-us-7-on-weather-worries-grainews.md) | +3.2% | -2.8% |
| KWHEAT | 2017-06-15 | [Premiums for Protein on the Rise - U.S. Wheat Associates](https://feedsoft.ai/events/70538-premiums-for-protein-on-the-rise-u-s-wheat-associates.md) | +2.2% | +9.2% |
| KWHEAT | 2018-05-31 | [Drought and U.S. Rail Rates Prop Up U.S. Export Prices - U.S. Wheat Associates](https://feedsoft.ai/events/64934-drought-and-u-s-rail-rates-prop-up-u-s-export-prices-u-s-wheat-associates.md) | -0.2% | -14.9% |
| KWHEAT | 2018-05-18 | [GRAINS-U.S. wheat futures rally; corn, soy firm on hopes for export deal](https://feedsoft.ai/events/10916-grains-u-s-wheat-futures-rally-corn-soy-firm-on-hopes-for-export-deal.md) | +5.8% | +0.1% |

## Sources

- uswheat.org: https://uswheat.org/wheatletter/ahead-of-usda-report-wheat-futures-on-a-powder-keg/

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