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Sep 30, 2020REPORTUS

Wheat closes over 5% higher after USDA report

Wheat futures rose over 5% on Wednesday after the USDA report showed US soybean, corn and wheat stocks lower than a year earlier. December wheat closed at $5.78 a bushel after a day high of $5.87.

WHY IT MATTERS

The unexpected drop in wheat stocks to 2.16 billion bushels drove the sharp price gain, tightening supply for feed-wheat buyers.

AFFECTSWheat (SRW)▲

SOURCE
economies.comRami HaddadSep 30, 2020

Price reaction & history

Wheat (SRW)▲bullishSO FAR1d +0.9%5d +2.5%20d +4.6%

After 769 past bullish report events, Wheat (SRW) moved a median +0.2% over 5 sessions (53% higher; middle half -1.4% to +2.0%), and +0.2% over 20.

Apr 1, 2025CBOT wheat closes higher on USDA acreage data-0.8%
Jul 12, 2018Corn, Wheat Get Help From USDA Report+3.8%
Oct 1, 2021Wheat Comes Out as Winner of USDA's Sept. 30 Reports+5.1%
Oct 1, 2021USDA Stocks Report: Don’t sleep on wheat usage+5.1%
Jun 30, 2026Wheat Rallies on Bull Friendly USDA Report Data+0.2%

Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.

Wheat (SRW) WHEAT · GP ▸

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