# U.S.D.A. bumps wheat, soybean carryover | Food Business News | December 13, 2017 13:28

> USDA's December 12 report raised 2018 U.S. wheat carryover to 960 million bushels, up 25 million from November, on a 25 million bushel export cut. The agency attributed the reduction to heightened Canadian competition in Latin America and East Asia.

- Date: 2017-12-13 · published 2017-12-13T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/67420-u-s-d-a-bumps-wheat-soybean-carryover-food-business-news-december-13-2017-13-28
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md)

## Why it matters

Higher wheat carryover from reduced export demand is bearish for U.S. wheat prices, as Canadian supply competes in key export markets. The change is moderate relative to total supplies.

## Read by commodity

- WHEAT: bearish ▼
- KWHEAT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2017-12-13 | [USDA bumps U.S. wheat, soybean carryover \| World-grain.com \| December 13, 2017 13:57 \| World Grain](https://feedsoft.ai/events/67418-usda-bumps-u-s-wheat-soybean-carryover-world-grain-com-december-13-2017-13-57.md) | +1.4% | +2.7% |
| WHEAT | 2018-04-10 | [U.S. soybean carryover down from March, wheat and corn up \| 2018-04-10  \| Food Business News](https://feedsoft.ai/events/65482-u-s-soybean-carryover-down-from-march-wheat-and-corn-up-2018-04-10-food.md) | +2.4% | +2.6% |
| WHEAT | 2019-09-05 | [FAPRI sees lower wheat, corn, soybean prices \| 2019-09-05  \| Food Business News](https://feedsoft.ai/events/9145-fapri-sees-lower-wheat-corn-soybean-prices-2019-09-05-food-business-news.md) | -0.9% | +4.7% |
| WHEAT | 2019-05-10 | [Initial 2020 carryover forecasts higher for wheat and corn \| 2019-05-10  \| Food Business News](https://feedsoft.ai/events/59044-initial-2020-carryover-forecasts-higher-for-wheat-and-corn-2019-05-10-food.md) | -0.5% | +4.8% |
| WHEAT | 2023-04-11 | [Soybeans up, corn, wheat down after USDA numbers - Brownfield Ag News](https://feedsoft.ai/events/36347-soybeans-up-corn-wheat-down-after-usda-numbers-brownfield-ag-news.md) | +8.8% | -0.9% |
| KWHEAT | 2017-12-13 | [USDA bumps U.S. wheat, soybean carryover \| World-grain.com \| December 13, 2017 13:57 \| World Grain](https://feedsoft.ai/events/67418-usda-bumps-u-s-wheat-soybean-carryover-world-grain-com-december-13-2017-13-57.md) | +6.6% | +11.7% |
| KWHEAT | 2018-10-12 | [U.S.D.A. lifts 2019 ending stocks projections \| 2018-10-12  \| Food Business News](https://feedsoft.ai/events/62484-u-s-d-a-lifts-2019-ending-stocks-projections-2018-10-12-food-business-news.md) | +0.2% | -3.2% |
| 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

- foodbusinessnews.net: https://www.foodbusinessnews.net/articles/11009-u-s-d-a-bumps-wheat-soybean-carryover

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