# Wheat tightness to ease | articles | ING THINK

> CBOT wheat has traded at its highest since 2012 as 2021/22 global ending stocks have been revised lower. ING expects supply to improve in the next season, which should push prices lower from current levels. Stocks-to-use is estimated at 35%, the lowest since 2015/16.

- Date: 2021-12-10 · published 2021-12-10T12:00:00.000Z
- Category: report · region Global · magnitude low
- Page: https://feedsoft.ai/events/43541-wheat-tightness-to-ease-articles-ing-think
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Tight stocks support current prices, but expected output growth and higher plantings in 2022/23 point to a softer wheat market ahead.

## Read by commodity

- WHEAT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2021-12-14 | [Wheat tightness to ease 14.12.2021 - UkrAgroConsult](https://feedsoft.ai/events/43543-wheat-tightness-to-ease-14-12-2021-ukragroconsult.md) | +3.7% | +7.7% |
| WHEAT | 2023-06-12 | [The Commodities Feed: USDA pushes up wheat supply estimates \| articles \| ING THINK](https://feedsoft.ai/events/35446-the-commodities-feed-usda-pushes-up-wheat-supply-estimates-articles-ing-think.md) | +1.1% | +0.2% |
| WHEAT | 2023-11-10 | [WASDE update: Bearish release weighs on grains \| articles \| ING THINK](https://feedsoft.ai/events/33114-wasde-update-bearish-release-weighs-on-grains-articles-ing-think.md) | -2.7% | +1.7% |
| WHEAT | 2024-07-15 | [WASDE update: Better supply prospects for wheat and corn \| articles \| ING THINK](https://feedsoft.ai/events/29205-wasde-update-better-supply-prospects-for-wheat-and-corn-articles-ing-think.md) | -3.2% | -2.3% |
| WHEAT | 2019-10-08 | [The increase in wheat prices reduces demand](https://feedsoft.ai/events/5902-the-increase-in-wheat-prices-reduces-demand.md) | +4.5% | +2.1% |

## Sources

- think.ing.com: https://think.ing.com/articles/cmd-wheat-tightness-to-ease/

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