# U.S. grains: Wheat surges after USDA cuts Russian output estimate - Grainews

> US wheat futures rose nearly 4 percent after USDA cut its estimate of Russian wheat production in the June supply and demand report. Corn and soybeans also gained, and USDA lowered its 2018/19 US corn and soy ending stock forecasts.

- Date: 2018-06-12 · published 2018-06-12T12:00:00.000Z
- Category: report · region Russia · magnitude high
- Page: https://feedsoft.ai/events/64555-u-s-grains-wheat-surges-after-usda-cuts-russian-output-estimate-grainews
- 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

A cut to Russia's crop removes exportable supply from the Black Sea, supporting wheat prices and feed grain alternatives; lower US corn and soy stocks add support.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2022-09-30 | [GRAINS-Wheat Soars on U.S. Output Cuts, Russian Annexation of Ukraine Land](https://feedsoft.ai/events/39603-grains-wheat-soars-on-u-s-output-cuts-russian-annexation-of-ukraine-land.md) | +0.4% | -10.7% |
| WHEAT | 2025-07-28 | [Dryness reduces Australian wheat output says USDA attaché - Grainews](https://feedsoft.ai/events/23718-dryness-reduces-australian-wheat-output-says-usda-attache-grainews.md) | -1.3% | +0.8% |
| WHEAT | 2025-04-01 | [Australia Boosts Wheat Output Estimate on Bumper Crops in States](https://feedsoft.ai/events/25545-australia-boosts-wheat-output-estimate-on-bumper-crops-in-states.md) | -0.8% | +1.8% |
| WHEAT | 2021-03-09 | [U.S. grains: Wheat and soy climb, corn sags after USDA data - Manitoba Co-operator](https://feedsoft.ai/events/48067-u-s-grains-wheat-and-soy-climb-corn-sags-after-usda-data-manitoba-co-operator.md) | -0.2% | -0.4% |
| WHEAT | 2020-06-10 | [Commercial U.S. Wheat Export Sales Top USDA Estimate - U.S. Wheat Associates](https://feedsoft.ai/events/52646-commercial-u-s-wheat-export-sales-top-usda-estimate-u-s-wheat-associates.md) | -1.1% | -5.3% |
| KWHEAT | 2022-09-30 | [GRAINS-Wheat Soars on U.S. Output Cuts, Russian Annexation of Ukraine Land](https://feedsoft.ai/events/39603-grains-wheat-soars-on-u-s-output-cuts-russian-annexation-of-ukraine-land.md) | -0.2% | -3.6% |
| KWHEAT | 2020-06-10 | [Commercial U.S. Wheat Export Sales Top USDA Estimate - U.S. Wheat Associates](https://feedsoft.ai/events/52646-commercial-u-s-wheat-export-sales-top-usda-estimate-u-s-wheat-associates.md) | -4.3% | -1.3% |
| KWHEAT | 2021-09-30 | [U.S. grains: Wheat futures surge as supplies drop to 14-year low - Grainews](https://feedsoft.ai/events/11320-u-s-grains-wheat-futures-surge-as-supplies-drop-to-14-year-low-grainews.md) | +4.7% | +10.0% |

## Sources

- grainews.ca: https://www.grainews.ca/daily/u-s-grains-wheat-surges-after-usda-cuts-russian-output-estimate/

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