# Fundamental Support for Wheat Prices Shared with USW Farmer Directors

> USDA pegged 2021/22 world wheat production at a record 777.89 million tonnes, with ending stocks falling to their lowest since 2016/17. Lower crops in Canada, Russia and the US were offset by larger output in Ukraine, the EU, Australia and Argentina.

- Date: 2022-01-05 · published 2022-01-05T12:00:00.000Z
- Category: report · region Global · magnitude medium
- Page: https://feedsoft.ai/events/43096-fundamental-support-for-wheat-prices-shared-with-usw-farmer-directors
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md)

## Why it matters

Tightening world wheat stocks provide fundamental support for wheat prices, favoring higher feed wheat costs for buyers.

## Read by commodity

- WHEAT: bullish ▲
- KWHEAT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2021-04-01 | [UK feed wheat price rises after surprise in global market - Farmers Weekly](https://feedsoft.ai/events/47552-uk-feed-wheat-price-rises-after-surprise-in-global-market-farmers-weekly.md) | +0.2% | +4.6% |
| WHEAT | 2023-09-12 | [Wheat prices strengthened by lower global production - Farmers Weekly](https://feedsoft.ai/events/34146-wheat-prices-strengthened-by-lower-global-production-farmers-weekly.md) | +0.9% | -1.2% |
| WHEAT | 2026-10-28 | [Tighter wheat supply forecast \| News from AA Farmer](https://feedsoft.ai/events/129-tighter-wheat-supply-forecast-news-from-aa-farmer.md) | +0.2% | — |
| WHEAT | 2021-08-19 | [Global Wheat Stocks-to-Use Ratio Supports Bullish Prices Outlook](https://feedsoft.ai/events/45611-global-wheat-stocks-to-use-ratio-supports-bullish-prices-outlook.md) | +0.4% | +4.9% |
| WHEAT | 2017-07-05 | [Wheat prices catch fire \| Farm Online \| ACT](https://feedsoft.ai/events/6182-wheat-prices-catch-fire-farm-online-act.md) | -0.9% | +0.4% |
| KWHEAT | 2023-09-12 | [Wheat prices strengthened by lower global production - Farmers Weekly](https://feedsoft.ai/events/34146-wheat-prices-strengthened-by-lower-global-production-farmers-weekly.md) | +2.4% | -4.5% |
| KWHEAT | 2017-07-05 | [Wheat prices catch fire \| Farm Online \| ACT](https://feedsoft.ai/events/6182-wheat-prices-catch-fire-farm-online-act.md) | -0.0% | -14.0% |
| KWHEAT | 2022-09-30 | [UPDATE 1-U.S. Wheat Harvest Falls Below Forecasts; Prices Rally](https://feedsoft.ai/events/39630-update-1-u-s-wheat-harvest-falls-below-forecasts-prices-rally.md) | -0.2% | -3.6% |

## Sources

- uswheat.org: https://uswheat.org/wheatletter/fundamental-support-for-wheat-prices-shared-with-usw-farmer-directors/

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