# 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.

- Date: 2020-09-30 · published 2020-09-30T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/8790-wheat-closes-over-5-higher-after-usda-report
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## 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.

## Read by commodity

- WHEAT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2025-04-01 | [CBOT wheat closes higher on USDA acreage data](https://feedsoft.ai/events/25167-cbot-wheat-closes-higher-on-usda-acreage-data.md) | -0.8% | +1.8% |
| WHEAT | 2018-07-12 | [Corn, Wheat Get Help From USDA Report](https://feedsoft.ai/events/63998-corn-wheat-get-help-from-usda-report.md) | +3.8% | +9.7% |
| WHEAT | 2021-10-01 | [Wheat Comes Out as Winner of USDA's Sept. 30 Reports](https://feedsoft.ai/events/44582-wheat-comes-out-as-winner-of-usda-s-sept-30-reports.md) | +5.1% | +8.6% |
| WHEAT | 2021-10-01 | [USDA Stocks Report: Don’t sleep on wheat usage](https://feedsoft.ai/events/11316-usda-stocks-report-don-t-sleep-on-wheat-usage.md) | +5.1% | +8.6% |
| WHEAT | 2026-06-30 | [Wheat Rallies on Bull Friendly USDA Report Data](https://feedsoft.ai/events/18842-wheat-rallies-on-bull-friendly-usda-report-data.md) | +0.2% | +2.6% |

## Sources

- economies.com: https://www.economies.com/commodities/wheat-news/wheat-closes-over-5-higher-after-usda-report-36084

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