# Premiums Rise as Supplies of High Protein Wheat Fall - U.S. Wheat Associates

> USDA raised its 2016/17 global wheat production estimate to 751 million tons, with Australian output forecast at a record 33.0 million tons. Lower average protein in wheat exports has pushed up premiums for high-protein wheat, widening the spread between Minneapolis HRS futures and Chicago and Kansas City contracts.

- Date: 2016-12-15 · published 2016-12-15T12:00:00.000Z
- Category: trade · region Global · magnitude low
- Page: https://feedsoft.ai/events/73518-premiums-rise-as-supplies-of-high-protein-wheat-fall-u-s-wheat-associates
- Commodities: [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Tight high-protein supply supports premiums for HRS and high-protein milling wheat even as overall supplies are record large, so buyers needing protein will pay up while basic wheat stays cheap.

## Read by commodity

- WHEAT: bearish ▼
- KWHEAT: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| KWHEAT | 2018-10-18 | [Wheat exports, the key to higher prices](https://feedsoft.ai/events/62623-wheat-exports-the-key-to-higher-prices.md) | -4.6% | -7.7% |
| KWHEAT | 2023-12-15 | [US wheat recovery stalls on lack of Chinese purchases \| Stock Journal \| SA](https://feedsoft.ai/events/32744-us-wheat-recovery-stalls-on-lack-of-chinese-purchases-stock-journal-sa.md) | 0.0% | -4.0% |
| KWHEAT | 2020-01-28 | [Wheat: slight pressure on sales in Western Europe  - Mundus Agri](https://feedsoft.ai/events/8054-wheat-slight-pressure-on-sales-in-western-europe-mundus-agri.md) | -4.1% | -6.5% |
| KWHEAT | 2017-01-17 | [India imported 2.7 mn tonnes of wheat this fiscal](https://feedsoft.ai/events/72970-india-imported-2-7-mn-tonnes-of-wheat-this-fiscal.md) | -0.9% | +4.0% |
| KWHEAT | 2017-09-29 | [EU wheat eases after U.S. data, Algeria tender gives export boost](https://feedsoft.ai/events/8734-eu-wheat-eases-after-u-s-data-algeria-tender-gives-export-boost.md) | -4.1% | -5.5% |
| WHEAT | 2018-04-05 | [Global Perspective on Wheat Trade - U.S. Wheat Associates](https://feedsoft.ai/events/65407-global-perspective-on-wheat-trade-u-s-wheat-associates.md) | +0.6% | +6.9% |
| WHEAT | 2018-07-23 | [Lower U.S. Wheat Futures: An Anomaly and Excellent Opportunity - U.S. Wheat Associates](https://feedsoft.ai/events/64092-lower-u-s-wheat-futures-an-anomaly-and-excellent-opportunity-u-s-wheat.md) | +2.5% | +2.3% |
| WHEAT | 2025-07-25 | [U.S. grains: Chicago wheat futures dip on global supply pressure; corn, soybeans fall - AgCanada](https://feedsoft.ai/events/23793-u-s-grains-chicago-wheat-futures-dip-on-global-supply-pressure-corn-soybeans.md) | -1.2% | +0.8% |

## Sources

- uswheat.org: https://uswheat.org/wheatletter/premiums-rise-as-supplies-of-high-protein-wheat-fall/

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