# Wheat drops 1% ahead of USDA report

> Wheat futures fell nearly 1% in US trade to around $5.105, near early May lows, as the dollar index was mostly flat. US producer prices rose 0.1% in April, below forecasts, and USDA reported winter wheat 34% good to excellent in the week ending May 6.

- Date: 2018-05-09 · published 2018-05-09T12:00:00.000Z
- Category: report · region US · magnitude low
- Page: https://feedsoft.ai/events/7886-wheat-drops-1-ahead-of-usda-report
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md)

## Why it matters

Poor winter wheat condition relative to last year is mildly supportive, but ahead of the USDA report, the market is weighed by the lack of demand and firm US supply prospects.

## Read by commodity

- WHEAT: bearish ▼
- KWHEAT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2018-06-18 | [Wheat support slips after USDA report \| The Land \| NSW](https://feedsoft.ai/events/12351-wheat-support-slips-after-usda-report-the-land-nsw.md) | -0.3% | -3.8% |
| WHEAT | 2016-10-13 | [USDA WASDE Report at a Glance](https://feedsoft.ai/events/9407-usda-wasde-report-at-a-glance.md) | +1.7% | +1.4% |
| WHEAT | 2025-11-14 | [Wheat drops amid higher than expected WASDE report \| XTB](https://feedsoft.ai/events/21887-wheat-drops-amid-higher-than-expected-wasde-report-xtb.md) | +1.4% | +1.0% |
| WHEAT | 2021-06-09 | [Ag Markets Pause Ahead of Tomorrow’s USDA Report \| Feed & Grain](https://feedsoft.ai/events/46546-ag-markets-pause-ahead-of-tomorrow-s-usda-report-feed-and-grain.md) | +5.6% | -5.2% |
| WHEAT | 2025-10-01 | [USDA Grain Stocks Report Surprises Corn and Wheat - RFD](https://feedsoft.ai/events/9845-usda-grain-stocks-report-surprises-corn-and-wheat-rfd.md) | +0.6% | +6.4% |
| KWHEAT | 2022-01-20 | [USDA Reports Reflect Why U.S. Farmers Seeded More Winter Wheat](https://feedsoft.ai/events/43176-usda-reports-reflect-why-u-s-farmers-seeded-more-winter-wheat.md) | +2.0% | +1.0% |
| KWHEAT | 2018-01-13 | [Latest WASDE Report from USDA - Southeast AgNET](https://feedsoft.ai/events/66939-latest-wasde-report-from-usda-southeast-agnet.md) | +0.5% | +12.0% |
| KWHEAT | 2020-06-12 | [USDA Reports Review - ProAg](https://feedsoft.ai/events/52558-usda-reports-review-proag.md) | -4.1% | +0.1% |

## Sources

- economies.com: https://www.economies.com/commodities/wheat-news/wheat-drops-1-ahead-of-usda-report-23002

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