# Wheat dips to near 2-month low on abundant global supplies | Financial Post

> U.S. wheat futures fell to a near two-month low as plentiful global stockpiles and coronavirus-related demand weakness weighed on prices. The USDA projected record 2020/21 global wheat stocks of 310.12 million tonnes. Corn and soybeans also slipped.

- Date: 2020-05-14 · published 2020-05-14T12:00:00.000Z
- Category: report · region Global · magnitude medium
- Page: https://feedsoft.ai/events/12705-wheat-dips-to-near-2-month-low-on-abundant-global-supplies-financial-post
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Record projected global wheat stocks signal ample supply and weaker export demand, which pressures wheat and feed-grain prices. Buyers can expect cheap grain to persist while stocks stay high.

## Read by commodity

- SOY: bearish ▼
- CORN: bearish ▼
- WHEAT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2025-06-25 | [Wheat Price Forecast: Expectations For Abundant Supplies To](https://feedsoft.ai/events/24272-wheat-price-forecast-expectations-for-abundant-supplies-to.md) | +2.2% | -1.5% |
| WHEAT | 2022-11-09 | [Wheat prices hold near two-month lows, after US lifts world supply hopes - Grain Price News](https://feedsoft.ai/events/38647-wheat-prices-hold-near-two-month-lows-after-us-lifts-world-supply-hopes-grain.md) | +1.1% | -9.0% |
| WHEAT | 2018-08-30 | [Wheat Prices Rising On Global Supply Issues](https://feedsoft.ai/events/63586-wheat-prices-rising-on-global-supply-issues.md) | +4.7% | -1.6% |
| WHEAT | 2020-06-15 | [EU wheat at near 3-month low as ample supply continues to weigh - Markets - Business Recorder](https://feedsoft.ai/events/11071-eu-wheat-at-near-3-month-low-as-ample-supply-continues-to-weigh-markets.md) | -1.5% | -5.3% |
| WHEAT | 2022-07-12 | [Losses deepen after USDA raises supply outlook, trims some demand \| Financial Post](https://feedsoft.ai/events/6832-losses-deepen-after-usda-raises-supply-outlook-trims-some-demand-financial-post.md) | +7.2% | +7.0% |
| CORN | 2018-08-30 | [Wheat Prices Rising On Global Supply Issues](https://feedsoft.ai/events/63586-wheat-prices-rising-on-global-supply-issues.md) | +2.0% | +4.0% |
| CORN | 2026-01-21 | [2026 Crop outlook: Export momentum key to prices given abundant supplies \| FCC](https://feedsoft.ai/events/21164-2026-crop-outlook-export-momentum-key-to-prices-given-abundant-supplies-fcc.md) | +0.8% | +0.6% |
| CORN | 2022-07-12 | [Losses deepen after USDA raises supply outlook, trims some demand \| Financial Post](https://feedsoft.ai/events/6832-losses-deepen-after-usda-raises-supply-outlook-trims-some-demand-financial-post.md) | -13.6% | -16.3% |

## Sources

- financialpost.com: https://financialpost.com/pmn/business-pmn/wheat-dips-to-near-2-month-low-on-abundant-global-supplies

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