# Wheat prices drop despite tighter ending stocks | The Western Producer

> Wheat prices have traded sideways after falling sharply over the past month. The International Grains Council estimates 2025 world wheat output at 807 million tonnes, a record that is up eight million tonnes, led by an EU rebound. Output in Russia, Ukraine and Kazakhstan is expected to fall by 4.3 million tonnes, partly offsetting the EU gain.

- Date: 2025-03-27 · published 2025-03-27T12:00:00.000Z
- Category: report · region Global · magnitude medium
- Page: https://feedsoft.ai/events/25627-wheat-prices-drop-despite-tighter-ending-stocks-the-western-producer
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md)

## Why it matters

A record global crop outlook and early Northern Hemisphere harvest pressure weigh on wheat prices, which lowers feed-grain costs for buyers. Dryness in the Black Sea region is the main upside risk.

## Read by commodity

- WHEAT: bearish ▼
- KWHEAT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2019-08-29 | [Germany expects larger wheat crop despite heatwave \| The Western Producer](https://feedsoft.ai/events/57529-germany-expects-larger-wheat-crop-despite-heatwave-the-western-producer.md) | -3.2% | +0.5% |
| WHEAT | 2025-10-29 | [Large wheat supply pressures prices \| The Western Producer](https://feedsoft.ai/events/22436-large-wheat-supply-pressures-prices-the-western-producer.md) | -2.8% | -6.1% |
| WHEAT | 2025-06-26 | [Big global wheat crop expected to pressure prices \| The Western Producer](https://feedsoft.ai/events/24273-big-global-wheat-crop-expected-to-pressure-prices-the-western-producer.md) | +3.0% | -1.3% |
| WHEAT | 2022-12-12 | [Wheat prices fall despite a downgrade in the USDA’s global production forecast](https://feedsoft.ai/events/5522-wheat-prices-fall-despite-a-downgrade-in-the-usda-s-global-production-forecast.md) | +10.5% | +5.6% |
| WHEAT | 2023-06-12 | [USDA Increases Corn, Soybean, Wheat Ending Stocks - ProAg](https://feedsoft.ai/events/35444-usda-increases-corn-soybean-wheat-ending-stocks-proag.md) | +1.1% | +0.2% |
| KWHEAT | 2025-10-29 | [Large wheat supply pressures prices \| The Western Producer](https://feedsoft.ai/events/22436-large-wheat-supply-pressures-prices-the-western-producer.md) | +3.2% | -1.3% |
| KWHEAT | 2025-06-26 | [Big global wheat crop expected to pressure prices \| The Western Producer](https://feedsoft.ai/events/24273-big-global-wheat-crop-expected-to-pressure-prices-the-western-producer.md) | -0.3% | +0.8% |
| KWHEAT | 2017-04-20 | [Record wheat stocks mean lower prices](https://feedsoft.ai/events/71541-record-wheat-stocks-mean-lower-prices.md) | -1.1% | +2.3% |

## Sources

- producer.com: https://www.producer.com/markets/wheat-prices-drop-despite-tighter-ending-stocks/

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