# USDA sees mixed crop forecasts in 2018 | World-grain.com | February 23, 2018 15:54 | World Grain

> USDA's Agricultural Outlook Forum projected 2018 US all-wheat production at 1.839 billion bushels, up 6% from 2017, with winter wheat seedings the lowest in 109 years. Corn and soybean output are forecast lower than 2017, which had a record soybean crop.

- Date: 2018-02-23 · published 2018-02-23T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/66354-usda-sees-mixed-crop-forecasts-in-2018-world-grain-com-february-23-2018-15-54
- 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

Lower projected corn and soybean output versus 2017 and drought-related abandonment risk in the Southern Plains support prices, while a larger wheat crop is a bearish offset.

## Read by commodity

- SOY: bullish ▲
- CORN: bullish ▲
- WHEAT: bearish ▼
- KWHEAT: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2024-08-22 | [Record US soybean crop forecast in 2024 \| World Grain](https://feedsoft.ai/events/28788-record-us-soybean-crop-forecast-in-2024-world-grain.md) | -0.8% | +2.8% |
| WHEAT | 2020-04-09 | [USDA lifts carryover forecasts for key grain crops \| 2020-04-09  \| World Grain](https://feedsoft.ai/events/53600-usda-lifts-carryover-forecasts-for-key-grain-crops-2020-04-09-world-grain.md) | -0.6% | -0.2% |
| WHEAT | 2017-12-08 | [E.U. grain crop revised up for 2017-18 \| World-grain.com \| December 08, 2017 15:03 \| World Grain](https://feedsoft.ai/events/67428-e-u-grain-crop-revised-up-for-2017-18-world-grain-com-december-08-2017-15-03.md) | -3.7% | -1.3% |
| WHEAT | 2023-03-24 | [COCERAL sees larger 2023 EU grain crop \| World Grain](https://feedsoft.ai/events/36793-coceral-sees-larger-2023-eu-grain-crop-world-grain.md) | +11.4% | +4.2% |
| WHEAT | 2017-02-14 | [Australia’s wheat production reaches record high \| World-grain.com \| February 14, 2017 15:45 \| World Grain](https://feedsoft.ai/events/72462-australia-s-wheat-production-reaches-record-high-world-grain-com-february-14.md) | -0.8% | -1.2% |
| KWHEAT | 2025-05-13 | [USDA forecasts Australian new-crop wheat at 31Mt - Grain Central](https://feedsoft.ai/events/24628-usda-forecasts-australian-new-crop-wheat-at-31mt-grain-central.md) | +4.9% | +5.8% |
| KWHEAT | 2023-05-15 | [USDA sees 26pc drop in Australia's new-crop wheat - Grain Central](https://feedsoft.ai/events/35906-usda-sees-26pc-drop-in-australia-s-new-crop-wheat-grain-central.md) | -7.6% | -10.7% |
| KWHEAT | 2016-11-10 | [Wheat \| World-grain.com \| November 10, 2016 20:14 \| World Grain](https://feedsoft.ai/events/73889-wheat-world-grain-com-november-10-2016-20-14-world-grain.md) | -0.4% | -3.6% |

## Sources

- world-grain.com: https://www.world-grain.com/articles/9427-usda-sees-mixed-crop-forecasts-in-2018

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