# Even with lower HRW Outlook, U.S. Wheat Production called up for 2018/

> Hard red winter wheat export cash prices rose about 73 cents since January as futures climbed from $4.37 to $5.64 per bushel by May 25. Drought in the Oklahoma and Texas panhandles and most of Kansas has cut HRW yield potential, and USDA raised its 2018/19 US wheat production forecast.

- Date: 2018-06-01 · published 2018-06-01T12:00:00.000Z
- Category: weather · region US · magnitude medium
- Page: https://feedsoft.ai/events/64557-even-with-lower-hrw-outlook-u-s-wheat-production-called-up-for-2018
- Commodities: [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Drought-driven HRW shortfalls and firm export basis keep US wheat prices supported, raising feed wheat costs.

## Read by commodity

- WHEAT: bullish ▲
- KWHEAT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| KWHEAT | 2021-03-29 | [Outlook Dims for Global Spring Wheat Production](https://feedsoft.ai/events/48188-outlook-dims-for-global-spring-wheat-production.md) | -0.9% | +23.5% |
| KWHEAT | 2022-03-09 | [US Winter Wheat Production Won’t Ease Tight Global Supplies](https://feedsoft.ai/events/42322-us-winter-wheat-production-won-t-ease-tight-global-supplies.md) | -2.4% | -8.7% |
| KWHEAT | 2026-05-05 | [Drought, frost provide lift for U.S. hard red wheat price \| The Western Producer](https://feedsoft.ai/events/19313-drought-frost-provide-lift-for-u-s-hard-red-wheat-price-the-western-producer.md) | -1.3% | -7.0% |
| KWHEAT | 2026-06-22 | [Plains Drought Cuts Winter Wheat Production Forecast \| Agriculture of America](https://feedsoft.ai/events/18860-plains-drought-cuts-winter-wheat-production-forecast-agriculture-of-america.md) | -5.1% | +12.4% |
| KWHEAT | 2020-05-26 | [Wheat production concerns in Europe spook markets - Grain Central](https://feedsoft.ai/events/53054-wheat-production-concerns-in-europe-spook-markets-grain-central.md) | +4.0% | -3.0% |
| WHEAT | 2021-03-29 | [Outlook Dims for Global Spring Wheat Production](https://feedsoft.ai/events/48188-outlook-dims-for-global-spring-wheat-production.md) | -0.5% | +4.2% |
| WHEAT | 2024-03-25 | [France lowers 2024-25 wheat production outlook \| Latest Market News](https://feedsoft.ai/events/31149-france-lowers-2024-25-wheat-production-outlook-latest-market-news.md) | -0.6% | +1.9% |
| WHEAT | 2024-02-16 | [Strategie Grains has lowered its forecast for EU wheat production](https://feedsoft.ai/events/31601-strategie-grains-has-lowered-its-forecast-for-eu-wheat-production.md) | +1.0% | -4.6% |

## Sources

- farmprogress.com: https://www.farmprogress.com/wheat/even-with-lower-hrw-outlook-u-s-wheat-production-called-up-for-2018-19

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