# USDA bumps U.S. wheat, soybean carryover | World-grain.com | December 13, 2017 13:57 | World Grain

> USDA's December 12 report raised 2018 U.S. wheat carryover to 960 million bushels on lower exports, and soybean carryover to 445 million bushels. Hard red winter carryover rose to 470 million bushels, and corn carryover was lowered on higher ethanol use.

- Date: 2017-12-13 · published 2017-12-13T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/67418-usda-bumps-u-s-wheat-soybean-carryover-world-grain-com-december-13-2017-13-57
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Larger wheat and soybean carryover signals ample supplies and weighs on prices, while corn's tighter stocks offer modest support. The Canadian export competition noted by USDA reinforces pressure on U.S. wheat.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2017-12-13 | [U.S.D.A. bumps wheat, soybean carryover \| Food Business News \| December 13, 2017 13:28](https://feedsoft.ai/events/67420-u-s-d-a-bumps-wheat-soybean-carryover-food-business-news-december-13-2017-13-28.md) | +1.4% | +2.7% |
| WHEAT | 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) | +1.5% | +0.7% |
| WHEAT | 2017-12-18 | [Focus on France \| World-grain.com \| December 18, 2017 21:34 \| World Grain](https://feedsoft.ai/events/67427-focus-on-france-world-grain-com-december-18-2017-21-34-world-grain.md) | +0.3% | +0.8% |
| 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 | 2018-10-12 | [USDA raises corn, soybean and wheat ending stocks estimates \| 2018-10-12  \| World Grain](https://feedsoft.ai/events/62480-usda-raises-corn-soybean-and-wheat-ending-stocks-estimates-2018-10-12-world.md) | +8.1% | +4.6% |
| KWHEAT | 2017-12-13 | [U.S.D.A. bumps wheat, soybean carryover \| Food Business News \| December 13, 2017 13:28](https://feedsoft.ai/events/67420-u-s-d-a-bumps-wheat-soybean-carryover-food-business-news-december-13-2017-13-28.md) | +6.6% | +11.7% |
| KWHEAT | 2018-12-12 | [USDA raises 2019 wheat and corn ending stocks \| 2018-12-12  \| World Grain](https://feedsoft.ai/events/61509-usda-raises-2019-wheat-and-corn-ending-stocks-2018-12-12-world-grain.md) | +8.4% | +4.5% |
| KWHEAT | 2023-07-12 | [Wheat, Soybean Carryover Larger Than Expected \| Red River Farm Network](https://feedsoft.ai/events/34983-wheat-soybean-carryover-larger-than-expected-red-river-farm-network.md) | +1.1% | -5.8% |

## Sources

- world-grain.com: https://www.world-grain.com/articles/9049-usda-bumps-u-s-wheat-soybean-carryover

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