# Maneuvering in the Dark | Miller Magazine

> A Miller Magazine commentary says EU grain stocks to use are at a 40-year low and new-crop carryover looks tight. It notes USDA's initial new-crop corn stocks-to-use ratio is the lowest in 10 years and soybeans the lowest ever. Strong feed demand, including from China, is expected to keep wheat supported by corn prices.

- Date: 2021-06-06 · published 2021-06-06T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/46438-maneuvering-in-the-dark-miller-magazine
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Tight stocks and high corn values underpin feed wheat prices and encourage buyers to cover forward needs. This is routine market commentary rather than a new supply shock.

## Read by commodity

- CORN: bullish ▲
- WHEAT: bullish ▲

## Sources

- millermagazine.com: https://millermagazine.com/en/blog/maneuvering-in-the-dark-4004

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