# Wasde: Black Sea revisions add 2 million tonnes to global wheat balances - Fastmarkets

> USDA's January WASDE tightened its view of US wheat balances through lower domestic stocks, but raised global supply and ending stocks after Black Sea revisions. Ukraine's stocks rose 2.2 million tonnes as feed and residual use was revised back to 2021-22. CBOT soft red wheat fell from an early high of $6.24 to about $6.14 per bushel after the report.

- Date: 2024-01-15 · published 2024-01-15T12:00:00.000Z
- Category: report · region Global · magnitude medium
- Page: https://feedsoft.ai/events/32183-wasde-black-sea-revisions-add-2-million-tonnes-to-global-wheat-balances
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Higher global wheat supplies and stocks, led by Ukraine, add bearish pressure to world wheat prices and ease feed grain costs for buyers. The US tightening offers only partial support.

## Read by commodity

- WHEAT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2023-03-20 | [Australian wheat holds its ground amid Black Sea return to Asia \| S&P Global](https://feedsoft.ai/events/36898-australian-wheat-holds-its-ground-amid-black-sea-return-to-asia-s-and-p-global.md) | -3.3% | +1.0% |
| WHEAT | 2026-10-15 | [France forecasts 31.486 million tonnes of soft wheat for 2026/27 \| Newsverum](https://feedsoft.ai/events/17064-france-forecasts-31-486-million-tonnes-of-soft-wheat-for-2026-27-newsverum.md) | +0.8% | — |
| WHEAT | 2020-06-11 | [Wheat slides on record global stocks estimate - Markets - Business Recorder](https://feedsoft.ai/events/52557-wheat-slides-on-record-global-stocks-estimate-markets-business-recorder.md) | -1.4% | -5.1% |
| WHEAT | 2019-11-12 | [Global markets seek direction after benign WASDE - Grain Central](https://feedsoft.ai/events/56020-global-markets-seek-direction-after-benign-wasde-grain-central.md) | +3.4% | +0.5% |
| WHEAT | 2020-02-18 | [Govt pegs record wheat output at 106.21 million tons for 2019-20](https://feedsoft.ai/events/54549-govt-pegs-record-wheat-output-at-106-21-million-tons-for-2019-20.md) | -0.9% | -0.1% |

## Sources

- fastmarkets.com: https://www.fastmarkets.com/insights/wasde-black-sea-revisions-add-to-global-wheat-balances/

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