# WASDE out of hibernation and bearish for wheat

> The November 2025 USDA WASDE raised global wheat supplies, with combined beginning stocks and production rising 11.7 million tonnes to 1090.3 million tonnes. Australian production was raised to 36 million tonnes and exports to 26 million tonnes, and output estimates rose for Argentina, Canada, the EU, Kazakhstan, Russia and the US. Global consumption and trade also rose, and ending stocks were raised 7.4 million tonnes to 271.4 million tonnes.

- Date: 2025-11-18 · published 2025-11-18T12:00:00.000Z
- Category: report · region Global · magnitude medium
- Page: https://feedsoft.ai/events/21926-wasde-out-of-hibernation-and-bearish-for-wheat
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Larger global wheat supplies and higher ending stocks add bearish pressure on wheat prices across export markets.

## Read by commodity

- WHEAT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2019-04-09 | [WASDE Bearish as Expected on Corn and Wheat, Neutral on Soybeans](https://feedsoft.ai/events/59543-wasde-bearish-as-expected-on-corn-and-wheat-neutral-on-soybeans.md) | -0.5% | -10.8% |
| WHEAT | 2023-06-09 | [Wheat bears follow June WASDE](https://feedsoft.ai/events/35448-wheat-bears-follow-june-wasde.md) | +0.5% | +2.4% |
| WHEAT | 2025-05-12 | [Canada Know-Risk Market Outlook \| WASDE Friendly Corn and Soybeans, Bearish Wheat](https://feedsoft.ai/events/24609-canada-know-risk-market-outlook-wasde-friendly-corn-and-soybeans-bearish-wheat.md) | -0.1% | -2.0% |
| WHEAT | 2022-10-12 | [Turner's Take Ag Markets \| WASDE Bullish Soybeans and Bearish Corn/Wheat](https://feedsoft.ai/events/39095-turner-s-take-ag-markets-wasde-bullish-soybeans-and-bearish-corn-wheat.md) | +3.6% | +4.6% |
| WHEAT | 2020-08-13 | [WASDE steady on wheat, bearish on corn, soybeans - Grain Central](https://feedsoft.ai/events/51547-wasde-steady-on-wheat-bearish-on-corn-soybeans-grain-central.md) | +0.7% | +11.5% |

## Sources

- ukragroconsult.com: https://ukragroconsult.com/en/news/wasde-out-of-hibernation-and-bearish-for-wheat/

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