# USDA Sees Global Wheat Stocks Falling for a Fourth Year

> USDA's July WASDE projects global wheat ending stocks for 2023/24 falling to 266.53 million tonnes, a fourth consecutive annual decline and the lowest in eight years. The stocks-to-use ratio is 33.3%, the lowest in nine years, and production was cut by 3.52 million tonnes.

- Date: 2023-07-12 · published 2023-07-12T12:00:00.000Z
- Category: report · region Global · magnitude high
- Page: https://feedsoft.ai/events/34986-usda-sees-global-wheat-stocks-falling-for-a-fourth-year
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md)

## Why it matters

Tightening global wheat stocks and a fourth year of consumption exceeding production support wheat prices and reduce the supply cushion for feed wheat buyers.

## Read by commodity

- WHEAT: bullish ▲
- KWHEAT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2024-03-29 | [EU sees soft wheat production falling to four-year low in 2024/25](https://feedsoft.ai/events/31152-eu-sees-soft-wheat-production-falling-to-four-year-low-in-2024-25.md) | -1.3% | +1.9% |
| WHEAT | 2021-07-13 | [WASDE update: Global wheat stocks tighten \| articles \| ING THINK](https://feedsoft.ai/events/46007-wasde-update-global-wheat-stocks-tighten-articles-ing-think.md) | +1.3% | -0.4% |
| WHEAT | 2019-07-11 | [Global Wheat Stocks Revised Lower, Boosting Prices](https://feedsoft.ai/events/58151-global-wheat-stocks-revised-lower-boosting-prices.md) | +0.4% | -2.7% |
| WHEAT | 2023-03-03 | [Global cereal stocks falling in 2022/23; early prospects point to a decline in wheat production in 2023 – FAO](https://feedsoft.ai/events/12656-global-cereal-stocks-falling-in-2022-23-early-prospects-point-to-a-decline-in.md) | -2.6% | +4.7% |
| WHEAT | 2025-01-22 | [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](https://feedsoft.ai/events/26548-global-wheat-carryover-stocks-in-2025-to-hit-nine-year-low-usda-milling-middle.md) | +3.1% | +5.1% |
| KWHEAT | 2019-07-11 | [Global Wheat Stocks Revised Lower, Boosting Prices](https://feedsoft.ai/events/58151-global-wheat-stocks-revised-lower-boosting-prices.md) | +0.1% | -5.3% |
| KWHEAT | 2025-01-22 | [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](https://feedsoft.ai/events/26548-global-wheat-carryover-stocks-in-2025-to-hit-nine-year-low-usda-milling-middle.md) | -2.5% | +6.6% |
| KWHEAT | 2023-02-02 | [AMIS Releases Troubling Global Wheat Forecast](https://feedsoft.ai/events/37373-amis-releases-troubling-global-wheat-forecast.md) | +1.3% | -5.9% |

## Sources

- dtnpf.com: https://www.dtnpf.com/agriculture/web/AG/blogs/canada-markets/blog-post/2023/07/12/usda-sees-global-wheat-stocks-fourth

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