# Commercial Grain Firms Find Value in Wheat's Cheap Price

> DTN analyst Todd Hultman notes USDA estimates the lowest U.S. ending wheat stocks in 15 years and the lowest stocks-to-use ratio in nine years. He argues speculators are net short in KC and Chicago wheat, despite prices falling over the past three months.

- Date: 2023-01-20 · published 2023-01-20T12:00:00.000Z
- Category: report · region US · magnitude low
- Page: https://feedsoft.ai/events/37822-commercial-grain-firms-find-value-in-wheat-s-cheap-price
- Commodities: [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Tight US ending stocks and heavy speculative shorts point to upside risk for wheat prices, which affects feed-grain cost comparisons.

## Read by commodity

- WHEAT: bullish ▲
- KWHEAT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| KWHEAT | 2026-06-05 | [FAO Cereal Price Index rises in May \| World Grain](https://feedsoft.ai/events/18850-fao-cereal-price-index-rises-in-may-world-grain.md) | +2.3% | -1.6% |
| KWHEAT | 2017-12-29 | [November all wheat average price increases \| World-grain.com \| December 29, 2017 14:39 \| World Grain](https://feedsoft.ai/events/67514-november-all-wheat-average-price-increases-world-grain-com-december-29-2017-14.md) | +2.5% | +6.2% |
| KWHEAT | 2020-04-14 | [COVID-19 lifts prices despite big wheat stocks: USDA - Grain Central](https://feedsoft.ai/events/53684-covid-19-lifts-prices-despite-big-wheat-stocks-usda-grain-central.md) | +0.3% | +0.4% |
| KWHEAT | 2020-06-10 | [Commercial U.S. Wheat Export Sales Top USDA Estimate - U.S. Wheat Associates](https://feedsoft.ai/events/52646-commercial-u-s-wheat-export-sales-top-usda-estimate-u-s-wheat-associates.md) | -4.3% | -1.3% |
| KWHEAT | 2022-10-24 | [Canada lifts grain price forecasts, as it upgrades wheat export hopes - Grain Price News](https://feedsoft.ai/events/39181-canada-lifts-grain-price-forecasts-as-it-upgrades-wheat-export-hopes-grain.md) | -2.5% | -1.5% |
| WHEAT | 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) | -0.4% | -1.3% |
| WHEAT | 2026-06-05 | [FAO Cereal Price Index rises in May \| World Grain](https://feedsoft.ai/events/18850-fao-cereal-price-index-rises-in-may-world-grain.md) | -0.4% | +1.5% |
| WHEAT | 2020-03-03 | [Wheat prices to increase slightly, coarse grains unchanged: ABARES - Grain Central](https://feedsoft.ai/events/54101-wheat-prices-to-increase-slightly-coarse-grains-unchanged-abares-grain-central.md) | +6.1% | -1.7% |

## Sources

- dtnpf.com: https://www.dtnpf.com/agriculture/web/ag/news/article/2023/01/20/commercial-grain-firms-find-value

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