# USDA harvest predictions spark volatile week for new crop wheat - Farmers Weekly

> New crop wheat prices were volatile after a USDA global forecast cut Russia's wheat crop to 68.5 million tonnes due to a wet spring. Global 2018-19 wheat production was lowered 3.1 million tonnes to 744.7 million, with EU and Australian estimates also reduced. Prices then fell back amid US-China trade concerns.

- Date: 2018-06-15 · published 2018-06-15T12:00:00.000Z
- Category: report · region Global · magnitude medium
- Page: https://feedsoft.ai/events/64477-usda-harvest-predictions-spark-volatile-week-for-new-crop-wheat-farmers-weekly
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

A sharp cut to Russian and global wheat output tightens export supplies and supports wheat prices, though trade worries capped the rally.

## Read by commodity

- WHEAT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2026-07-10 | [USDA forecasts smallest wheat harvest since 1970 \| Farmtario](https://feedsoft.ai/events/18275-usda-forecasts-smallest-wheat-harvest-since-1970-farmtario.md) | +0.9% | +0.6% |
| WHEAT | 2018-07-27 | [World grain harvest reduced in latest stats - Farmers Weekly](https://feedsoft.ai/events/64070-world-grain-harvest-reduced-in-latest-stats-farmers-weekly.md) | -1.3% | -1.6% |
| WHEAT | 2018-05-11 | [Farming News - Weekly Market Report - USDA report has little impact on wheat market](https://feedsoft.ai/events/64971-farming-news-weekly-market-report-usda-report-has-little-impact-on-wheat-market.md) | -0.6% | +3.1% |
| WHEAT | 2023-09-12 | [Wheat prices strengthened by lower global production - Farmers Weekly](https://feedsoft.ai/events/34146-wheat-prices-strengthened-by-lower-global-production-farmers-weekly.md) | +0.9% | -1.2% |
| WHEAT | 2024-07-30 | [New Crop Year Price Predictions  - SaskAgToday.com](https://feedsoft.ai/events/29315-new-crop-year-price-predictions-saskagtoday-com.md) | +4.9% | -3.3% |

## Sources

- fwi.co.uk: https://www.fwi.co.uk/business/markets-and-trends/usda-harvest-predictions-spark-volatile-week-for-new-crop-wheat

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