# Why Wheat Prices are Due for a Rebound

> CBOT December soft red winter wheat futures fell to about $5.75 per bushel on October 27, down roughly 28% from late July. The USDA October WASDE showed higher US supplies and ending stocks but global wheat inventories fell 0.5 million tonnes to 258.1 million, the lowest since 2015.

- Date: 2023-10-27 · published 2023-10-27T12:00:00.000Z
- Category: report · region Global · magnitude low
- Page: https://feedsoft.ai/events/33648-why-wheat-prices-are-due-for-a-rebound
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md)

## Why it matters

Tighter global stocks could support prices from current lows, though the decline in US wheat futures reflects heavy supplies and weak demand for now.

## Read by commodity

- WHEAT: neutral
- KWHEAT: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2019-08-11 | [Wheat prices to remain range-bound - The HinduBusinessLine](https://feedsoft.ai/events/57542-wheat-prices-to-remain-range-bound-the-hindubusinessline.md) | -0.1% | -2.9% |
| WHEAT | 2019-04-22 | [Low wheat prices predicted for the next 10-years](https://feedsoft.ai/events/59627-low-wheat-prices-predicted-for-the-next-10-years.md) | -1.0% | -10.6% |
| WHEAT | 2020-05-19 | [USDA: Wheat Stocks Drop, But Prices Hold](https://feedsoft.ai/events/53171-usda-wheat-stocks-drop-but-prices-hold.md) | +2.0% | +0.3% |
| WHEAT | 2026-10-29 | [EU Cereals Prices: Mixed Weekly Moves for Wheat, Maize, Barley and Durum - News and Statistics](https://feedsoft.ai/events/1983-eu-cereals-prices-mixed-weekly-moves-for-wheat-maize-barley-and-durum-news-and.md) | -0.4% | — |
| WHEAT | 2026-10-23 | [EU Cereals Prices: Mixed Weekly Moves for Wheat, Maize, Barley and Durum - News and Statistics](https://feedsoft.ai/events/487-eu-cereals-prices-mixed-weekly-moves-for-wheat-maize-barley-and-durum-news-and.md) | -0.6% | — |
| KWHEAT | 2019-04-22 | [Low wheat prices predicted for the next 10-years](https://feedsoft.ai/events/59627-low-wheat-prices-predicted-for-the-next-10-years.md) | -4.8% | +0.1% |
| KWHEAT | 2020-05-19 | [USDA: Wheat Stocks Drop, But Prices Hold](https://feedsoft.ai/events/53171-usda-wheat-stocks-drop-but-prices-hold.md) | +0.2% | -1.8% |
| KWHEAT | 2020-07-13 | [Global wheat prices soften in June: USDA - Grain Central](https://feedsoft.ai/events/52172-global-wheat-prices-soften-in-june-usda-grain-central.md) | +0.3% | -7.1% |

## Sources

- barchart.com: https://www.barchart.com/story/news/21496762/why-wheat-prices-are-due-for-a-rebound

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