# Winter 2021 Wheat Supply and Demand Outlook

> U.S. Wheat Associates released its Winter 2021 outlook, based on a USDA report prepared January 27, 2021. USDA expects record 2020/21 world trade of 194 MMT and global ending stocks of 313 MMT, while U.S. wheat ending stocks are projected to be the lowest since 2014/15. U.S. winter wheat seeded area rose for the first time since 2013/14.

- Date: 2021-01-29 · published 2021-01-29T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/49176-winter-2021-wheat-supply-and-demand-outlook
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md)

## Why it matters

Lowest U.S. ending stocks since 2014/15 tighten the domestic balance sheet and support U.S. wheat prices, even as world supplies are ample. Feed buyers may see firmer wheat costs relative to corn.

## Read by commodity

- WHEAT: bullish ▲
- KWHEAT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2026-05-22 | [Bad outlook for U.S. winter wheat crop gets worse](https://feedsoft.ai/events/19310-bad-outlook-for-u-s-winter-wheat-crop-gets-worse.md) | -1.3% | -0.8% |
| WHEAT | 2024-04-29 | [Wheat Market Outlook – April 29, 2024 \| Sask Wheat](https://feedsoft.ai/events/30780-wheat-market-outlook-april-29-2024-sask-wheat.md) | -1.8% | +21.1% |
| WHEAT | 2020-07-27 | [Wheat Market Outlook – July 27th, 2020 \| Sask Wheat](https://feedsoft.ai/events/52148-wheat-market-outlook-july-27th-2020-sask-wheat.md) | +0.4% | -1.6% |
| WHEAT | 2024-11-18 | [Wheat Market Outlook – November 18, 2024 \| Sask Wheat](https://feedsoft.ai/events/27454-wheat-market-outlook-november-18-2024-sask-wheat.md) | -0.6% | +0.3% |
| WHEAT | 2019-07-29 | [Wheat Market Outlook – July 29th, 2019 \| Sask Wheat](https://feedsoft.ai/events/58135-wheat-market-outlook-july-29th-2019-sask-wheat.md) | +0.7% | -1.2% |
| KWHEAT | 2026-05-22 | [Bad outlook for U.S. winter wheat crop gets worse](https://feedsoft.ai/events/19310-bad-outlook-for-u-s-winter-wheat-crop-gets-worse.md) | -5.4% | -7.8% |
| KWHEAT | 2024-04-29 | [Wheat Market Outlook – April 29, 2024 \| Sask Wheat](https://feedsoft.ai/events/30780-wheat-market-outlook-april-29-2024-sask-wheat.md) | +2.1% | +11.6% |
| KWHEAT | 2024-11-18 | [Wheat Market Outlook – November 18, 2024 \| Sask Wheat](https://feedsoft.ai/events/27454-wheat-market-outlook-november-18-2024-sask-wheat.md) | +2.6% | +3.6% |

## Sources

- uswheat.org: https://uswheat.org/wheatletter/u-s-wheat-associates-shares-winter-2021-wheat-supply-and-demand-outlook/

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