# Wheat analysts struggle to get handle on international market  | Farm Online | ACT

> The International Grains Council forecast 2018-19 world wheat production at 742 million tonnes, down 15 million year on year and the first decline since 2012-13. USDA forecasts put U.S. wheat plantings at a 109-year low. Analysts remain cautious because stocks remain comfortable.

- Date: 2018-01-26 · published 2018-01-26T12:00:00.000Z
- Category: report · region Global · magnitude medium
- Page: https://feedsoft.ai/events/67032-wheat-analysts-struggle-to-get-handle-on-international-market-farm-online-act
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md)

## Why it matters

A projected global production decline and small U.S. plantings could tighten wheat balance sheets, though ample stocks limit near-term price gains.

## Read by commodity

- WHEAT: bullish ▲
- KWHEAT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2022-12-16 | [International data signals strong demand \| Farm Online \| ACT](https://feedsoft.ai/events/38218-international-data-signals-strong-demand-farm-online-act.md) | -1.9% | -4.4% |
| WHEAT | 2020-02-18 | [ABARES announces further cuts to wheat crop \| Farm Online \| ACT](https://feedsoft.ai/events/54571-abares-announces-further-cuts-to-wheat-crop-farm-online-act.md) | -0.9% | -0.1% |
| 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% |
| WHEAT | 2017-07-05 | [Wheat prices catch fire \| Farm Online \| ACT](https://feedsoft.ai/events/6182-wheat-prices-catch-fire-farm-online-act.md) | -0.9% | +0.4% |
| WHEAT | 2018-05-11 | [Farming News - Weekly Market Report - USDA report has little impact on wheat market](https://feedsoft.ai/events/64971-farming-news-weekly-market-report-usda-report-has-little-impact-on-wheat-market.md) | -0.6% | +3.1% |
| KWHEAT | 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) | +1.5% | +9.1% |
| KWHEAT | 2017-07-05 | [Wheat prices catch fire \| Farm Online \| ACT](https://feedsoft.ai/events/6182-wheat-prices-catch-fire-farm-online-act.md) | -0.0% | -14.0% |
| KWHEAT | 2020-11-18 | [International Issues Pushing Wheat Prices Higher](https://feedsoft.ai/events/50201-international-issues-pushing-wheat-prices-higher.md) | +1.5% | +1.6% |

## Sources

- farmonline.com.au: https://www.farmonline.com.au/story/5192381/conflicting-evidence-has-wheat-analysts-uncertain/

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