# Farming News - Weekly Market Report - USDA report has little impact on wheat market

> Gleadell's David Sheppard said the May USDA report had little impact on wheat, though USDA reported non-Chinese global wheat stocks for 2018/19 falling 12.5%. Old-crop UK wheat remains well supported, and the UK is expected to be a net importer in 2018/19.

- Date: 2018-05-11 · published 2018-05-11T12:00:00.000Z
- Category: report · region Global · magnitude medium
- Page: https://feedsoft.ai/events/64971-farming-news-weekly-market-report-usda-report-has-little-impact-on-wheat-market
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [British Pound (USD per GBP)](https://feedsoft.ai/c/GBPUSD.md)

## Why it matters

A sharp drop in non-Chinese wheat stocks tightens the exportable supply, which could support wheat prices, though currency and import parity will drive UK feed wheat demand.

## Read by commodity

- WHEAT: bullish ▲
- GBPUSD: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2019-12-06 | [Farming News - ADM Agriculture Wheat Market Report](https://feedsoft.ai/events/11059-farming-news-adm-agriculture-wheat-market-report.md) | -3.5% | -0.6% |
| WHEAT | 2019-09-15 | [Markets have bullish reaction to USDA report - Agweek \| #1 source for agriculture news, farming, markets](https://feedsoft.ai/events/9892-markets-have-bullish-reaction-to-usda-report-agweek-1-source-for-agriculture.md) | +2.1% | +1.2% |
| WHEAT | 2017-01-22 | [Post-USDA report fallout in markets - Agweek \| #1 source for agriculture news, farming, markets](https://feedsoft.ai/events/72940-post-usda-report-fallout-in-markets-agweek-1-source-for-agriculture-news.md) | -1.3% | +4.1% |
| WHEAT | 2017-02-13 | [USDA Report Cuts Stocks - Agweek \| #1 source for agriculture news, farming, markets](https://feedsoft.ai/events/72450-usda-report-cuts-stocks-agweek-1-source-for-agriculture-news-farming-markets.md) | -1.1% | -1.8% |
| WHEAT | 2017-05-18 | [Good news on wheat markets is hrd to find.](https://feedsoft.ai/events/71033-good-news-on-wheat-markets-is-hrd-to-find.md) | +3.0% | +1.9% |

## Sources

- farming.co.uk: https://farming.co.uk/news/weekly-market-report---usda-report-has-little-impact-on-wheat-market

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