# Global wheat prices rises despite record stocks | Miller Magazine

> USDA's December 10 Grain: World Markets and Trade report showed global wheat prices rising despite record world production and stocks. Record imports by China and Pakistan drove trade to a record in November, while China's domestic prices hit five-year highs and auction sales of state stocks are accelerating.

- Date: 2020-12-16 · published 2020-12-16T12:00:00.000Z
- Category: report · region Global · magnitude medium
- Page: https://feedsoft.ai/events/49698-global-wheat-prices-rises-despite-record-stocks-miller-magazine
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Record import demand from China supports global wheat prices, while accelerating Chinese state auctions add available supply that could cap gains.

## Read by commodity

- 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 | 2020-04-14 | [COVID-19 lifts prices despite big wheat stocks: USDA - Grain Central](https://feedsoft.ai/events/53684-covid-19-lifts-prices-despite-big-wheat-stocks-usda-grain-central.md) | -2.1% | -2.2% |
| WHEAT | 2021-08-19 | [Global Wheat Stocks-to-Use Ratio Supports Bullish Prices Outlook](https://feedsoft.ai/events/45611-global-wheat-stocks-to-use-ratio-supports-bullish-prices-outlook.md) | +0.4% | +4.9% |
| WHEAT | 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) | +0.5% | +0.3% |
| WHEAT | 2021-04-01 | [UK feed wheat price rises after surprise in global market - Farmers Weekly](https://feedsoft.ai/events/47552-uk-feed-wheat-price-rises-after-surprise-in-global-market-farmers-weekly.md) | +0.2% | +4.6% |

## Sources

- millermagazine.com: https://millermagazine.com/blog/global-wheat-prices-rises-despite-record-stocks-3842

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