# USDA Report Cuts Stocks - Agweek | #1 source for agriculture news, farming, markets

> Agweek reported that USDA's February 9 WASDE raised 2016-17 U.S. wheat exports by 50 million bushels to 1.025 billion, lowering projected ending stocks to 1.139 billion bushels. World wheat stocks fell 4.7 million metric tons to 248.6 million, and India bought more than 5 million metric tons of wheat since summer 2016.

- Date: 2017-02-13 · published 2017-02-13T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/72450-usda-report-cuts-stocks-agweek-1-source-for-agriculture-news-farming-markets
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Higher export demand and lower ending stocks tighten the wheat balance and support prices. Strong Indian import buying reinforces that support.

## Read by commodity

- WHEAT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2017-01-22 | [Post-USDA report fallout in markets - Agweek \| #1 source for agriculture news, farming, markets](https://feedsoft.ai/events/72940-post-usda-report-fallout-in-markets-agweek-1-source-for-agriculture-news.md) | -1.3% | +4.1% |
| WHEAT | 2019-09-15 | [Markets have bullish reaction to USDA report - Agweek \| #1 source for agriculture news, farming, markets](https://feedsoft.ai/events/9892-markets-have-bullish-reaction-to-usda-report-agweek-1-source-for-agriculture.md) | +2.1% | +1.2% |
| WHEAT | 2021-08-20 | [Market turns quiet after report - Agweek \| #1 source for agriculture news, farming, markets](https://feedsoft.ai/events/12608-market-turns-quiet-after-report-agweek-1-source-for-agriculture-news-farming.md) | +1.0% | +5.2% |
| WHEAT | 2017-05-10 | [U.S. soy stocks seen rising, corn stocks seen falling in 2017-18 - Agweek \| #1 source for agriculture news, farming, markets](https://feedsoft.ai/events/70936-u-s-soy-stocks-seen-rising-corn-stocks-seen-falling-in-2017-18-agweek-1-source.md) | -2.4% | +0.5% |
| WHEAT | 2021-05-21 | [Surprises made May USDA report more negative than expected - Agweek \| #1 source for agriculture news, farming, markets](https://feedsoft.ai/events/12366-surprises-made-may-usda-report-more-negative-than-expected-agweek-1-source-for.md) | -1.7% | +2.2% |

## Sources

- agweek.com: https://www.agweek.com/opinion/usda-report-cuts-stocks

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