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

> USDA's August WASDE cut global wheat production by 15.4 million metric tons to 777 million, citing weather problems in Russia, Canada and the United States. The global wheat stocks-to-use ratio fell to a forecast 35%, its lowest since 2016/17. The corn stocks-to-use forecast of 24% is also below recent years.

- Date: 2021-08-19 · published 2021-08-19T12:00:00.000Z
- Category: report · region Global · magnitude medium
- Page: https://feedsoft.ai/events/45611-global-wheat-stocks-to-use-ratio-supports-bullish-prices-outlook
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

A tighter stocks-to-use ratio signals that prices must rise to ration demand, supporting wheat and, to a lesser extent, corn prices.

## Read by commodity

- CORN: bullish ▲
- WHEAT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2019-07-11 | [Global Wheat Stocks Revised Lower, Boosting Prices](https://feedsoft.ai/events/58151-global-wheat-stocks-revised-lower-boosting-prices.md) | +0.4% | -2.7% |
| WHEAT | 2021-01-12 | [Grain prices soar on bullish USDA reports](https://feedsoft.ai/events/49089-grain-prices-soar-on-bullish-usda-reports.md) | +2.3% | -3.8% |
| WHEAT | 2025-08-28 | [Global Wheat Stocks Tighten as U.S. Exports Gain Pace](https://feedsoft.ai/events/23383-global-wheat-stocks-tighten-as-u-s-exports-gain-pace.md) | +0.1% | -0.7% |
| WHEAT | 2020-12-16 | [Global wheat prices rises despite record stocks \| Miller Magazine](https://feedsoft.ai/events/49698-global-wheat-prices-rises-despite-record-stocks-miller-magazine.md) | +0.7% | +6.9% |
| WHEAT | 2026-05-20 | [Global Wheat Outlook & WASDE Balance Sheet](https://feedsoft.ai/events/19239-global-wheat-outlook-and-wasde-balance-sheet.md) | -1.5% | -1.6% |
| CORN | 2021-01-12 | [Grain prices soar on bullish USDA reports](https://feedsoft.ai/events/49089-grain-prices-soar-on-bullish-usda-reports.md) | +5.8% | +11.6% |
| CORN | 2016-11-11 | [Farming News - Global wheat production up - leads to new record stocks](https://feedsoft.ai/events/73799-farming-news-global-wheat-production-up-leads-to-new-record-stocks.md) | -3.6% | -0.7% |
| CORN | 2026-07-11 | [CBoT wheat climbs on Ukraine war risks, bullish USDA global stocks view - Markets - Business Recorder](https://feedsoft.ai/events/7278-cbot-wheat-climbs-on-ukraine-war-risks-bullish-usda-global-stocks-view-markets.md) | +1.1% | -0.6% |

## Sources

- uswheat.org: https://uswheat.org/wheatletter/global-wheat-stocks-to-use-ratio-supports-bullish-prices-outlook/

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