# Wheat prices hold near two-month lows, after US lifts world supply hopes - Grain Price News

> Grain Price News reports that Chicago SRW wheat held near two-month lows after USDA raised its world wheat stock forecast by 280,000 tonnes to 267.8 million. US ending stocks were cut to 571 million bushels, the lowest in 15 years. Argentina's crop was lowered 2 million tonnes to 15.5 million.

- Date: 2022-11-09 · published 2022-11-09T12:00:00.000Z
- Category: report · region Global · magnitude low
- Page: https://feedsoft.ai/events/38647-wheat-prices-hold-near-two-month-lows-after-us-lifts-world-supply-hopes-grain
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

The world stock upgrade from larger Australian and UK crops outweighs the tighter US and Argentine figures, keeping wheat under pressure. Lower Argentine output limits how far prices can fall.

## Read by commodity

- WHEAT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2022-08-12 | [Grain markets hit turbulence, after key report ups wheat supply hopes, but slashes corn - Grain Price News](https://feedsoft.ai/events/39957-grain-markets-hit-turbulence-after-key-report-ups-wheat-supply-hopes-but.md) | -2.3% | -11.7% |
| WHEAT | 2017-07-12 | [Corn, winter wheat drag grains lower, as US supply](https://feedsoft.ai/events/69892-corn-winter-wheat-drag-grains-lower-as-us-supply.md) | -2.2% | -2.1% |
| WHEAT | 2025-11-11 | [Surging wheat output weighing on prices \| World Grain](https://feedsoft.ai/events/21998-surging-wheat-output-weighing-on-prices-world-grain.md) | +2.0% | +1.0% |
| WHEAT | 2022-03-15 | [US harvest downgrade lifts cotton futures to contract high - Grain Price News](https://feedsoft.ai/events/42406-us-harvest-downgrade-lifts-cotton-futures-to-contract-high-grain-price-news.md) | +15.6% | +5.1% |
| WHEAT | 2020-05-14 | [Wheat dips to near 2-month low on abundant global supplies \| Financial Post](https://feedsoft.ai/events/12705-wheat-dips-to-near-2-month-low-on-abundant-global-supplies-financial-post.md) | +0.4% | +1.0% |

## Sources

- grainpricenews.com: https://grainpricenews.com/2022/11/09/wheat-prices-hold-near-two-month-lows-after-us-lifts-world-supply-hopes/

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