# Analysis: World stocks will cap how far grain price can rise - Farmers Weekly

> An analysis piece says global wheat supply is abundant, with USDA's November report showing offsetting production changes across major exporters. UK wheat is estimated at 16.3 million tonnes amid wet autumn weather, and Russia's sluggish exports continue.

- Date: 2019-11-20 · published 2019-11-20T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/11893-analysis-world-stocks-will-cap-how-far-grain-price-can-rise-farmers-weekly
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Record global wheat ending stocks cap price rallies, and only a US-China trade deal or wet-weather damage to UK crops would be likely to add meaningful demand or supply pressure.

## Read by commodity

- SOY: neutral
- WHEAT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2017-12-15 | [Grain market risks examined \| World-grain.com \| December 15, 2017 20:05 \| World Grain](https://feedsoft.ai/events/67530-grain-market-risks-examined-world-grain-com-december-15-2017-20-05-world-grain.md) | +1.4% | +2.4% |
| WHEAT | 2020-06-04 | [Feedgrain Focus: Stronger Aussie dollar pressures prices - Grain Central](https://feedsoft.ai/events/9491-feedgrain-focus-stronger-aussie-dollar-pressures-prices-grain-central.md) | -0.0% | +1.3% |
| WHEAT | 2017-10-29 | [U.S. dollar pressuring grains - Agweek \| #1 source for agriculture news, farming, markets](https://feedsoft.ai/events/68485-u-s-dollar-pressuring-grains-agweek-1-source-for-agriculture-news-farming.md) | -3.8% | -5.6% |
| WHEAT | 2023-04-21 | [Commodity Weekly: April losses led by grains and industrial metals \| Saxo](https://feedsoft.ai/events/10364-commodity-weekly-april-losses-led-by-grains-and-industrial-metals-saxo.md) | -8.6% | -9.9% |
| WHEAT | 2017-08-14 | [Regional Review: Tapping into the CIS’ vast agricultural potential  \| World-grain.com \| August 14, 2017 18:34 \| World Grain](https://feedsoft.ai/events/69294-regional-review-tapping-into-the-cis-vast-agricultural-potential-world-grain.md) | +0.4% | -0.1% |
| SOY | 2019-03-19 | [Argentina Is Anxious for Soy Dollars. Farmers Won’t Play Ball - Bloomberg](https://feedsoft.ai/events/59942-argentina-is-anxious-for-soy-dollars-farmers-won-t-play-ball-bloomberg.md) | +0.1% | -0.8% |
| SOY | 2018-05-31 | [Should U.S. Farmers Fret Over Falling Ag Currencies?](https://feedsoft.ai/events/64951-should-u-s-farmers-fret-over-falling-ag-currencies.md) | -2.8% | -15.2% |
| SOY | 2026-10-27 | [First Thing Today \| Soybeans see small bounce as Brazilian real stabilizes - Pro Farmer](https://feedsoft.ai/events/436-first-thing-today-soybeans-see-small-bounce-as-brazilian-real-stabilizes-pro.md) | +0.5% | — |

## Sources

- fwi.co.uk: https://www.fwi.co.uk/business/markets-and-trends/crop-prices/analysis-world-stocks-will-cap-how-far-grain-price-can-rise

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