# World Wheat Market Factors to Watch in the New U.S. Marketing Year

> USDA's May WASDE projected world wheat beginning stocks at 295 MMT for 2021/22, down 2%, with record production and consumption both at 789 MMT. US stocks-to-use ratios for most wheat classes except SRW declined in 2020/21, and dry conditions in the PNW and Northern Plains are a concern for spring and white wheat.

- Date: 2021-05-27 · published 2021-05-27T12:00:00.000Z
- Category: report · region Global · magnitude low
- Page: https://feedsoft.ai/events/47134-world-wheat-market-factors-to-watch-in-the-new-u-s-marketing-year
- Commodities: [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Tight stocks and dryness in spring wheat growing areas support wheat prices, especially for buyers of SW and HRS classes. Weather that reduces northern production could tighten supplies further.

## Read by commodity

- WHEAT: bullish ▲
- KWHEAT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| KWHEAT | 2021-03-08 | [WHEAT SCOOP: First look into 2021/22 wheat marketing year](https://feedsoft.ai/events/48161-wheat-scoop-first-look-into-2021-22-wheat-marketing-year.md) | -3.6% | -8.8% |
| KWHEAT | 2017-04-18 | [New Season Wheat Yield In The EU To Grow](https://feedsoft.ai/events/71428-new-season-wheat-yield-in-the-eu-to-grow.md) | -3.5% | +2.9% |
| KWHEAT | 2021-12-15 | [Adjusting to USDA Estimates in a Record-Setting Marketing Year](https://feedsoft.ai/events/43646-adjusting-to-usda-estimates-in-a-record-setting-marketing-year.md) | +4.5% | -3.4% |
| KWHEAT | 2018-11-12 | [Grain market review: Wheat \| 2018-11-12  \| World Grain](https://feedsoft.ai/events/62073-grain-market-review-wheat-2018-11-12-world-grain.md) | -1.0% | -2.1% |
| KWHEAT | 2017-05-18 | [Good news on wheat markets is hrd to find.](https://feedsoft.ai/events/71033-good-news-on-wheat-markets-is-hrd-to-find.md) | +1.5% | +9.1% |
| WHEAT | 2021-03-08 | [WHEAT SCOOP: First look into 2021/22 wheat marketing year](https://feedsoft.ai/events/48161-wheat-scoop-first-look-into-2021-22-wheat-marketing-year.md) | -2.8% | -2.7% |
| WHEAT | 2017-04-18 | [New Season Wheat Yield In The EU To Grow](https://feedsoft.ai/events/71428-new-season-wheat-yield-in-the-eu-to-grow.md) | +1.0% | -0.1% |
| WHEAT | 2024-08-09 | [France heading to one of worst wheat harvests in 40 years](https://feedsoft.ai/events/28709-france-heading-to-one-of-worst-wheat-harvests-in-40-years.md) | +0.2% | -3.1% |

## Sources

- uswheat.org: https://uswheat.org/wheatletter/world-wheat-market-factors-to-watch-in-the-new-us-marketing-year/

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