# Good news on wheat markets is hrd to find.

> Commentary on the May WASDE says US wheat production will be significantly lower than last year, while foreign output is projected marginally below 2016/17. US farmers are expected to hold about 6.7% of world wheat, with prices seen staying below production cost, and protein above 11.5% could add about 50 cents.

- Date: 2017-05-18 · published 2017-05-18T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/71033-good-news-on-wheat-markets-is-hrd-to-find
- Commodities: [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Lower US and slightly lower world output point to firmer wheat prices, though ample stocks cap gains. Protein premiums matter for buyers choosing feed and milling grades.

## Read by commodity

- WHEAT: bullish ▲
- KWHEAT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| KWHEAT | 2020-05-21 | [Russia News Boosts Wheat Markets - AG INFORMATION NETWORK OF THE WEST](https://feedsoft.ai/events/53172-russia-news-boosts-wheat-markets-ag-information-network-of-the-west.md) | +2.4% | -5.5% |
| KWHEAT | 2021-05-27 | [World Wheat Market Factors to Watch in the New U.S. Marketing Year](https://feedsoft.ai/events/47134-world-wheat-market-factors-to-watch-in-the-new-u-s-marketing-year.md) | +4.3% | +1.2% |
| KWHEAT | 2018-01-26 | [Wheat analysts struggle to get handle on international market  \| Farm Online \| ACT](https://feedsoft.ai/events/67032-wheat-analysts-struggle-to-get-handle-on-international-market-farm-online-act.md) | +7.4% | +7.8% |
| KWHEAT | 2017-04-18 | [New Season Wheat Yield In The EU To Grow](https://feedsoft.ai/events/71428-new-season-wheat-yield-in-the-eu-to-grow.md) | -3.5% | +2.9% |
| KWHEAT | 2021-03-08 | [WHEAT SCOOP: First look into 2021/22 wheat marketing year](https://feedsoft.ai/events/48161-wheat-scoop-first-look-into-2021-22-wheat-marketing-year.md) | -3.6% | -8.8% |
| WHEAT | 2020-05-21 | [Russia News Boosts Wheat Markets - AG INFORMATION NETWORK OF THE WEST](https://feedsoft.ai/events/53172-russia-news-boosts-wheat-markets-ag-information-network-of-the-west.md) | +1.3% | -0.9% |
| WHEAT | 2018-07-25 | [Farming News - Further woes for EU wheat but maize is looking good](https://feedsoft.ai/events/63980-farming-news-further-woes-for-eu-wheat-but-maize-is-looking-good.md) | -0.6% | -0.6% |
| 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% |

## Sources

- farmprogress.com: https://www.farmprogress.com/wheat/2017-wheat-the-good-the-bad-the-ugly

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