Global Wheat Stocks-to-Use Ratio Supports Bullish Prices Outlook

After 769 past bullish report events, Wheat (SRW) moved a median +0.2% over 5 sessions (53% higher; middle half -1.4% to +2.0%), and +0.2% over 20.

• Jul 11, 2019Global Wheat Stocks Revised Lower, Boosting Prices+0.4%
• Jan 12, 2021Grain prices soar on bullish USDA reports+2.3%
• Aug 28, 2025Global Wheat Stocks Tighten as U.S. Exports Gain Pace+0.1%
• Dec 16, 2020Global wheat prices rises despite record stocks | Miller Magazine+0.7%
• May 20, 2026Global Wheat Outlook & WASDE Balance Sheet-1.5%

After 1,040 past bullish report events, Corn moved a median +0.5% over 5 sessions (62% higher; middle half -0.9% to +2.0%), and +0.8% over 20.

• Jan 12, 2021Grain prices soar on bullish USDA reports+5.8%
• Nov 11, 2016Farming News - Global wheat production up - leads to new record stocks-3.6%
• Jul 11, 2026CBoT wheat climbs on Ukraine war risks, bullish USDA global stocks view - Markets - Business Recorder+1.1%
• Jun 11, 2020Wheat slides on record global stocks estimate - Markets - Business Recorder+1.0%
• Oct 12, 2023CBOT weekly outlook: Markets react bullishly to USDA report - AgCanada-0.4%