Wasde: Tighter supply outlooks as global wheat output returns to norms

After 769 past bullish report events, Wheat (SRW) moved a median +0.2% over 5 sessions (53% higher; middle half -1.4% to +2.0%), and +0.2% over 20.

• May 20, 2026Global Wheat Outlook & WASDE Balance Sheet-1.5%
• Aug 19, 2021Global Wheat Stocks-to-Use Ratio Supports Bullish Prices Outlook+0.4%
• Oct 28, 2026Tighter wheat supply forecast | News from AA Farmer+0.2%
• Jun 12, 2024Tighter Black Sea wheat supplies disrupt global export market | Feed & Grain-2.1%
• Jul 13, 2021WASDE update: Global wheat stocks tighten | articles | ING THINK+1.3%

After 180 past bullish report events, Wheat (HRW) moved a median +0.4% over 5 sessions (53% higher; middle half -2.1% to +3.7%), and -0.6% over 20.

• May 20, 2026Global Wheat Outlook & WASDE Balance Sheet-4.8%
• Jun 12, 2024Tighter Black Sea wheat supplies disrupt global export market | Feed & Grain-8.3%
• Jan 29, 2021Winter 2021 Wheat Supply and Demand Outlook-1.2%
• Jan 25, 2018Global Supplies of High Protein Wheat Keep Tightening - U.S. Wheat Associates+7.9%
• Dec 15, 2025COMMODITIES 2026: Russian wheat output expected to fall as farmers pivot to oilseeds | S&P Global+3.3%