# Wheat supply risks will linger | articles | ING THINK

> ING expects global wheat markets to tighten in 2022/23, with ending stocks near 268 million tonnes, the lowest since 2016/17. Ukrainian output fell to about 20 million tonnes and exports are down roughly 42%, though Russia is forecast to produce a record crop above 90 million tonnes.

- Date: 2022-11-30 · published 2022-11-30T12:00:00.000Z
- Category: report · region Global · magnitude medium
- Page: https://feedsoft.ai/events/38612-wheat-supply-risks-will-linger-articles-ing-think
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md)

## Why it matters

Tightening global stocks and reduced Ukrainian export capacity support wheat prices through 2023, though record Russian supply limits the upside.

## Read by commodity

- WHEAT: bullish ▲
- KWHEAT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2022-10-13 | [WASDE update: US supply cuts \| articles \| ING THINK](https://feedsoft.ai/events/39103-wasde-update-us-supply-cuts-articles-ing-think.md) | +3.8% | +4.5% |
| 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 | 2023-09-13 | [WASDE update: Tighter wheat and looser corn market \| articles \| ING THINK](https://feedsoft.ai/events/34042-wasde-update-tighter-wheat-and-looser-corn-market-articles-ing-think.md) | +0.6% | -1.7% |
| WHEAT | 2021-08-13 | [WASDE update: Wheat market continues to tighten \| articles \| ING THINK](https://feedsoft.ai/events/45502-wasde-update-wheat-market-continues-to-tighten-articles-ing-think.md) | +1.6% | +3.2% |
| WHEAT | 2022-02-10 | [WASDE update: Soybeans rally on tighter balance \| articles \| ING THINK](https://feedsoft.ai/events/42677-wasde-update-soybeans-rally-on-tighter-balance-articles-ing-think.md) | +0.3% | +16.6% |
| KWHEAT | 2021-08-13 | [WASDE update: Wheat market continues to tighten \| articles \| ING THINK](https://feedsoft.ai/events/45502-wasde-update-wheat-market-continues-to-tighten-articles-ing-think.md) | -3.1% | -8.5% |
| KWHEAT | 2021-01-29 | [Winter 2021 Wheat Supply and Demand Outlook](https://feedsoft.ai/events/49176-winter-2021-wheat-supply-and-demand-outlook.md) | -1.2% | -0.2% |
| KWHEAT | 2022-11-01 | [What is the Latest Supply and Demand Situation for U.S. Wheat Classes?](https://feedsoft.ai/events/39160-what-is-the-latest-supply-and-demand-situation-for-u-s-wheat-classes.md) | -2.2% | -7.9% |

## Sources

- think.ing.com: https://think.ing.com/articles/commodities-outlook-wheat-supply-risks-will-linger-in-2023/

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