# Strong Demand Pushes Global Wheat Prices Higher - U.S. Wheat Associates

> USDA forecasts US 2018/19 wheat production at 49.7 million metric tons, up 5 percent but 11 percent below the 5-year average. Global wheat prices averaged $203 per ton in 2017/18, up 4 percent, as world consumption exceeded production for the first time since 2012/13.

- Date: 2018-06-28 · published 2018-06-28T12:00:00.000Z
- Category: report · region Global · magnitude medium
- Page: https://feedsoft.ai/events/64554-strong-demand-pushes-global-wheat-prices-higher-u-s-wheat-associates
- Commodities: [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Tighter global wheat balance and smaller Black Sea and HRW supplies support export prices, favoring higher wheat prices for feed buyers.

## Read by commodity

- WHEAT: bullish ▲
- KWHEAT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| KWHEAT | 2018-01-25 | [Global Supplies of High Protein Wheat Keep Tightening - U.S. Wheat Associates](https://feedsoft.ai/events/67019-global-supplies-of-high-protein-wheat-keep-tightening-u-s-wheat-associates.md) | +7.9% | +8.7% |
| KWHEAT | 2018-09-19 | [Weather Continues to Affect Global Wheat Production - U.S. Wheat Associates](https://feedsoft.ai/events/62993-weather-continues-to-affect-global-wheat-production-u-s-wheat-associates.md) | +1.2% | +2.3% |
| KWHEAT | 2017-11-02 | [U.S. High-Protein Wheat Supplies Tightening - U.S. Wheat Associates](https://feedsoft.ai/events/68043-u-s-high-protein-wheat-supplies-tightening-u-s-wheat-associates.md) | +2.8% | -0.3% |
| KWHEAT | 2018-03-22 | [Global Winter Wheat Condition a Mixed Bag - U.S. Wheat Associates](https://feedsoft.ai/events/65938-global-winter-wheat-condition-a-mixed-bag-u-s-wheat-associates.md) | -1.0% | +6.4% |
| KWHEAT | 2020-11-18 | [International Issues Pushing Wheat Prices Higher](https://feedsoft.ai/events/50201-international-issues-pushing-wheat-prices-higher.md) | +1.5% | +1.6% |
| WHEAT | 2018-01-25 | [Global Supplies of High Protein Wheat Keep Tightening - U.S. Wheat Associates](https://feedsoft.ai/events/67019-global-supplies-of-high-protein-wheat-keep-tightening-u-s-wheat-associates.md) | +0.7% | +2.2% |
| WHEAT | 2018-09-19 | [Weather Continues to Affect Global Wheat Production - U.S. Wheat Associates](https://feedsoft.ai/events/62993-weather-continues-to-affect-global-wheat-production-u-s-wheat-associates.md) | +0.7% | +8.5% |
| WHEAT | 2017-11-02 | [U.S. High-Protein Wheat Supplies Tightening - U.S. Wheat Associates](https://feedsoft.ai/events/68043-u-s-high-protein-wheat-supplies-tightening-u-s-wheat-associates.md) | +0.3% | -1.5% |

## Sources

- newuswheat.mysites.io: https://newuswheat.mysites.io/wheatletter/strong-demand-pushes-global-wheat-prices-higher/
- uswheat.org: https://uswheat.org/wheatletter/strong-demand-pushes-global-wheat-prices-higher/

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