# Industry doubts on high USDA grain production figures  | Farm Online | ACT

> USDA's August WASDE raised world wheat production forecasts, including a Russian crop of 77.5 million tonnes, despite weather problems in northern U.S. and southern Canada. U.S. corn, wheat and soybean futures fell about 4% after the report, and wheat has given back most of its July gains.

- Date: 2017-08-15 · published 2017-08-15T12:00:00.000Z
- Category: report · region Global · magnitude high
- Page: https://feedsoft.ai/events/69395-industry-doubts-on-high-usda-grain-production-figures-farm-online-act
- 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

Higher Black Sea and global wheat supplies weigh on prices and make wheat a cheaper feed alternative to corn.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2021-05-28 | [Big grain production numbers flagged  \| Farm Online \| ACT](https://feedsoft.ai/events/47053-big-grain-production-numbers-flagged-farm-online-act.md) | -2.6% | -3.8% |
| WHEAT | 2021-09-08 | [ABARES makes massive increase in production forecast \| Farm Online \| ACT](https://feedsoft.ai/events/45028-abares-makes-massive-increase-in-production-forecast-farm-online-act.md) | +2.2% | +5.0% |
| WHEAT | 2016-12-06 | [Australia to soar to production records \| Farm Online \| ACT](https://feedsoft.ai/events/73466-australia-to-soar-to-production-records-farm-online-act.md) | +1.2% | -0.3% |
| WHEAT | 2019-03-05 | [Wheat production to rise if break arrives \| Farm Online \| ACT](https://feedsoft.ai/events/60037-wheat-production-to-rise-if-break-arrives-farm-online-act.md) | -1.0% | -1.8% |
| WHEAT | 2024-11-13 | [USDA projects fewer acres, greater production ahead for US \| World Grain](https://feedsoft.ai/events/27461-usda-projects-fewer-acres-greater-production-ahead-for-us-world-grain.md) | -0.9% | +0.0% |
| KWHEAT | 2020-08-07 | [High wheat production ensures Australia’s grain security in COVID era - Grain Central](https://feedsoft.ai/events/51552-high-wheat-production-ensures-australia-s-grain-security-in-covid-era-grain.md) | +1.9% | +13.8% |
| KWHEAT | 2025-09-30 | [Wheat Falling as USDA Raises Production](https://feedsoft.ai/events/22925-wheat-falling-as-usda-raises-production.md) | -2.5% | +1.2% |
| KWHEAT | 2019-10-14 | [USDA lifts global wheat stock estimates \| Farm Online \| ACT](https://feedsoft.ai/events/56500-usda-lifts-global-wheat-stock-estimates-farm-online-act.md) | +3.4% | +0.5% |

## Sources

- farmonline.com.au: https://www.farmonline.com.au/story/4858187/industry-doubts-on-global-wheat-data/

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