# U.S. grains: Wheat drops most since August after USDA acreage surprise - AgCanada

> Chicago wheat futures fell nearly 3% on January 12 to their largest daily decline since August after USDA showed U.S. winter wheat plantings above expectations. Corn hit contract lows after USDA raised its corn production estimate on record yields, while soybeans recovered from four-month lows.

- Date: 2018-01-12 · published 2018-01-12T12:00:00.000Z
- Category: report · region US · magnitude high
- Page: https://feedsoft.ai/events/66938-u-s-grains-wheat-drops-most-since-august-after-usda-acreage-surprise-agcanada
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Larger-than-expected wheat plantings and record corn yields point to ample feed grain supplies, pressuring corn and wheat prices. Soybeans found some support from the trimmed crop estimate.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2017-12-07 | [U.S. grains: StatsCan data help drag wheat to contract lows - AgCanada](https://feedsoft.ai/events/11622-u-s-grains-statscan-data-help-drag-wheat-to-contract-lows-agcanada.md) | -4.0% | -1.3% |
| WHEAT | 2025-10-01 | [USDA Grain Stocks Report Surprises Corn and Wheat - RFD](https://feedsoft.ai/events/9845-usda-grain-stocks-report-surprises-corn-and-wheat-rfd.md) | +0.6% | +6.4% |
| WHEAT | 2022-11-09 | [GRAINS-Wheat Drops as USDA Raises Global Supply View; Corn, Soybeans Firm](https://feedsoft.ai/events/38644-grains-wheat-drops-as-usda-raises-global-supply-view-corn-soybeans-firm.md) | +1.1% | -9.0% |
| WHEAT | 2023-08-12 | [U.S. grains: Soybean, grains futures drop as traders shed risk - AgCanada](https://feedsoft.ai/events/5618-u-s-grains-soybean-grains-futures-drop-as-traders-shed-risk-agcanada.md) | -0.5% | -7.3% |
| WHEAT | 2017-07-12 | [Corn, winter wheat drag grains lower, as US supply](https://feedsoft.ai/events/69892-corn-winter-wheat-drag-grains-lower-as-us-supply.md) | -2.2% | -2.1% |
| CORN | 2017-12-07 | [U.S. grains: StatsCan data help drag wheat to contract lows - AgCanada](https://feedsoft.ai/events/11622-u-s-grains-statscan-data-help-drag-wheat-to-contract-lows-agcanada.md) | +2.9% | +6.2% |
| CORN | 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) | -10.3% | -1.3% |
| CORN | 2025-10-01 | [USDA Grain Stocks Report Surprises Corn and Wheat - RFD](https://feedsoft.ai/events/9845-usda-grain-stocks-report-surprises-corn-and-wheat-rfd.md) | +1.4% | +2.3% |

## Sources

- agcanada.com: https://www.agcanada.com/daily/u-s-grains-wheat-drops-most-since-august-after-usda-acreage-surprise

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