# Markets have bullish reaction to USDA report - Agweek | #1 source for agriculture news, farming, markets

> The September WASDE was broadly neutral for US wheat, with US 2019-20 ending stocks unchanged at 1.014 billion bushels. World ending stocks were raised slightly, and Australia was cut 2 million tonnes. ABARES lowered its Australian wheat estimate to 19.2 million tonnes as dryness spread across the main growing region.

- Date: 2019-09-15 · published 2019-09-15T12:00:00.000Z
- Category: report · region Global · magnitude medium
- Page: https://feedsoft.ai/events/9892-markets-have-bullish-reaction-to-usda-report-agweek-1-source-for-agriculture
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Lower Australian, Russian and Ukrainian crops tighten the export supply outlook, which supports wheat prices after multi-year lows. Continued dryness in Australia, Brazil and Ukraine could extend the support.

## Read by commodity

- WHEAT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2017-02-13 | [USDA Report Cuts Stocks - Agweek \| #1 source for agriculture news, farming, markets](https://feedsoft.ai/events/72450-usda-report-cuts-stocks-agweek-1-source-for-agriculture-news-farming-markets.md) | -1.1% | -1.8% |
| WHEAT | 2017-01-22 | [Post-USDA report fallout in markets - Agweek \| #1 source for agriculture news, farming, markets](https://feedsoft.ai/events/72940-post-usda-report-fallout-in-markets-agweek-1-source-for-agriculture-news.md) | -1.3% | +4.1% |
| WHEAT | 2021-08-20 | [Market turns quiet after report - Agweek \| #1 source for agriculture news, farming, markets](https://feedsoft.ai/events/12608-market-turns-quiet-after-report-agweek-1-source-for-agriculture-news-farming.md) | +1.0% | +5.2% |
| WHEAT | 2021-05-21 | [Surprises made May USDA report more negative than expected - Agweek \| #1 source for agriculture news, farming, markets](https://feedsoft.ai/events/12366-surprises-made-may-usda-report-more-negative-than-expected-agweek-1-source-for.md) | -1.7% | +2.2% |
| WHEAT | 2017-05-10 | [U.S. soy stocks seen rising, corn stocks seen falling in 2017-18 - Agweek \| #1 source for agriculture news, farming, markets](https://feedsoft.ai/events/70936-u-s-soy-stocks-seen-rising-corn-stocks-seen-falling-in-2017-18-agweek-1-source.md) | -2.4% | +0.5% |

## Sources

- agweek.com: https://www.agweek.com/opinion/markets-have-bullish-reaction-to-usda-report

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