# Global wheat carryover stocks in 2025 to hit nine-year low: USDA  - Milling Middle East & Africa Magazine - No.1 Grains Industry Magazine & Website for Africa & the Middle East

> The USDA projects global wheat carryover stocks falling to 258.8 million tonnes in 2025, the lowest in nearly a decade, despite record production of 793.2 million tonnes. Russian output is seen down over 10% and European output down 9%, while US ending stocks are projected up 17%. CBOT wheat is forecast at $5.80 per bushel.

- Date: 2025-01-22 · published 2025-01-22T12:00:00.000Z
- Category: report · region Global · magnitude medium
- Page: https://feedsoft.ai/events/26548-global-wheat-carryover-stocks-in-2025-to-hit-nine-year-low-usda-milling-middle
- Commodities: [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Falling global carryover from Russian and European shortfalls tightens export supplies and supports wheat prices, though heavy US stocks limit the rally.

## Read by commodity

- WHEAT: bullish ▲
- KWHEAT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| KWHEAT | 2023-07-12 | [USDA Sees Global Wheat Stocks Falling for a Fourth Year](https://feedsoft.ai/events/34986-usda-sees-global-wheat-stocks-falling-for-a-fourth-year.md) | +1.1% | -5.8% |
| KWHEAT | 2026-07-31 | [Global wheat output may drop 24 million tonnes next season on Iran war, El Nino impacts - The HinduBusinessLine](https://feedsoft.ai/events/18246-global-wheat-output-may-drop-24-million-tonnes-next-season-on-iran-war-el-nino.md) | -4.2% | +10.0% |
| KWHEAT | 2020-08-14 | [USDA trims 2021 wheat carryover \| 2020-08-14  \| World Grain](https://feedsoft.ai/events/51660-usda-trims-2021-wheat-carryover-2020-08-14-world-grain.md) | +3.9% | +11.4% |
| KWHEAT | 2026-05-20 | [USDA releases first cut of the 2026/27 global wheat balance sheet… - Grain Brokers Australia](https://feedsoft.ai/events/19238-usda-releases-first-cut-of-the-2026-27-global-wheat-balance-sheet-grain-brokers.md) | -4.8% | -7.3% |
| KWHEAT | 2023-04-01 | [2023 wheat harvest forecast:  Still challenges for importing countries! \| Miller Magazine](https://feedsoft.ai/events/36338-2023-wheat-harvest-forecast-still-challenges-for-importing-countries-miller.md) | -0.2% | -10.2% |
| WHEAT | 2023-07-12 | [USDA Sees Global Wheat Stocks Falling for a Fourth Year](https://feedsoft.ai/events/34986-usda-sees-global-wheat-stocks-falling-for-a-fourth-year.md) | +1.5% | +3.4% |
| WHEAT | 2022-04-28 | [Australia expects another big grain crop harvest in 2022-2023 market year \| Food Business Middle East & Africa - ...](https://feedsoft.ai/events/41817-australia-expects-another-big-grain-crop-harvest-in-2022-2023-market-year-food.md) | -1.3% | +0.9% |
| WHEAT | 2018-05-10 | [USDA predicts lower carryover for corn, wheat and soybeans \| World-grain.com \| May 10, 2018 19:23 \| World Grain](https://feedsoft.ai/events/64970-usda-predicts-lower-carryover-for-corn-wheat-and-soybeans-world-grain-com-may.md) | -1.0% | +2.7% |

## Sources

- millingmea.com: https://millingmea.com/global-wheat-carryover-stocks-in-2025-to-hit-nine-year-low-usda/

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