# News for wheat prices may not be all bad

> USDA's December WASDE cut projected 2018/19 U.S. hard red winter wheat exports from 360 to 320 million bushels, while raising Russian wheat exports by 55 million bushels. HRW export sales were running 36 percent below the prior year.

- Date: 2018-12-18 · published 2018-12-18T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/7509-news-for-wheat-prices-may-not-be-all-bad
- Commodities: [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Lower U.S. HRW export projections and extra Russian supply add competition in world markets, which pressures HRW and wheat prices.

## Read by commodity

- WHEAT: bearish ▼
- KWHEAT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| KWHEAT | 2018-01-18 | [More bad news for the wheat market](https://feedsoft.ai/events/67024-more-bad-news-for-the-wheat-market.md) | +1.4% | +10.0% |
| KWHEAT | 2018-01-12 | [WADSE wallops wheat prices](https://feedsoft.ai/events/66934-wadse-wallops-wheat-prices.md) | -2.9% | +5.7% |
| KWHEAT | 2017-02-02 | [Wheat producers facing below cost of production prices](https://feedsoft.ai/events/72524-wheat-producers-facing-below-cost-of-production-prices.md) | +0.3% | +4.5% |
| KWHEAT | 2020-05-17 | [WASDE not as bad as expected, for now - Agweek \| #1 source for agriculture news, farming, markets](https://feedsoft.ai/events/53062-wasde-not-as-bad-as-expected-for-now-agweek-1-source-for-agriculture-news.md) | -1.7% | -1.4% |
| KWHEAT | 2017-04-20 | [Record wheat stocks mean lower prices](https://feedsoft.ai/events/71541-record-wheat-stocks-mean-lower-prices.md) | -1.1% | +2.3% |
| WHEAT | 2018-01-18 | [More bad news for the wheat market](https://feedsoft.ai/events/67024-more-bad-news-for-the-wheat-market.md) | +2.9% | +5.9% |
| WHEAT | 2023-09-29 | [It’s been a bad quarter for corn, soybean and wheat prices](https://feedsoft.ai/events/34143-it-s-been-a-bad-quarter-for-corn-soybean-and-wheat-prices.md) | -4.7% | -2.2% |
| WHEAT | 2018-01-12 | [WADSE wallops wheat prices](https://feedsoft.ai/events/66934-wadse-wallops-wheat-prices.md) | -0.2% | +5.8% |

## Sources

- farmprogress.com: https://www.farmprogress.com/wheat/news-for-wheat-prices-may-not-be-all-bad

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