# World Agricultural Supply and Demand Estimates - The Roosevelt Review

> The February WASDE raised 2023/24 U.S. wheat ending stocks by 10 million bushels to 658 million on lower flour grind, and lowered global wheat ending stocks to 259.4 million tonnes. Global wheat trade was raised on larger exports from Ukraine, Argentina, Australia and Turkey.

- Date: 2024-02-10 · published 2024-02-10T12:00:00.000Z
- Category: report · region Global · magnitude medium
- Page: https://feedsoft.ai/events/31635-world-agricultural-supply-and-demand-estimates-the-roosevelt-review
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md)

## Why it matters

Higher global trade and lower world carryout provide mild support for wheat, though the larger U.S. stocks offset most of that effect.

## Read by commodity

- WHEAT: neutral
- KWHEAT: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2019-05-21 | [A Look at AAFC's Supply and Demand Estimates](https://feedsoft.ai/events/59178-a-look-at-aafc-s-supply-and-demand-estimates.md) | -13.2% | -6.0% |
| WHEAT | 2020-11-27 | [Grain: global production estimates sharply revised - Mundus Agri](https://feedsoft.ai/events/50011-grain-global-production-estimates-sharply-revised-mundus-agri.md) | -0.5% | +8.9% |
| WHEAT | 2025-05-02 | [Agricultural potential of the Black Sea region: New opportunities and challenges of the 2025/26](https://feedsoft.ai/events/14210-agricultural-potential-of-the-black-sea-region-new-opportunities-and-challenges.md) | +2.1% | -3.1% |
| WHEAT | 2022-10-05 | [Short-term outlook report: EU agricultural markets remain stable despite the Russian invasion of Ukraine - Agriculture and rural development](https://feedsoft.ai/events/39065-short-term-outlook-report-eu-agricultural-markets-remain-stable-despite-the.md) | -14.1% | -15.6% |
| WHEAT | 2017-03-06 | [USDA releases new crop estimates for major crops - Agweek \| #1 source for agriculture news, farming, markets](https://feedsoft.ai/events/71835-usda-releases-new-crop-estimates-for-major-crops-agweek-1-source-for.md) | -0.2% | +0.3% |
| KWHEAT | 2018-11-11 | [Can we really believe the numbers from China? - Agweek \| #1 source for agriculture news, farming, markets](https://feedsoft.ai/events/61986-can-we-really-believe-the-numbers-from-china-agweek-1-source-for-agriculture.md) | -1.0% | -2.1% |
| KWHEAT | 2023-04-12 | [The USDA raised its consumption forecast and lowered its estimate of wheat stocks, but prices continued to fall](https://feedsoft.ai/events/36464-the-usda-raised-its-consumption-forecast-and-lowered-its-estimate-of-wheat.md) | +1.5% | +4.4% |
| KWHEAT | 2018-02-22 | [Early Estimates Expect 2018/19 Wheat Production to Fall in the Black Sea - U.S. Wheat Associates](https://feedsoft.ai/events/66432-early-estimates-expect-2018-19-wheat-production-to-fall-in-the-black-sea-u-s.md) | +9.1% | -0.1% |

## Sources

- therooseveltreview.com: https://www.therooseveltreview.com/world-agricultural-supply-and-demand-estimates-24/

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