# USDA lifts global wheat stock estimates | Farm Online | ACT

> The October USDA report raised global wheat ending stock estimates by 1.3 million tonnes, with 800,000 tonnes of that from the US. Australian production was cut 1 million tonnes to 18 million, and world wheat trade and consumption were lowered.

- Date: 2019-10-14 · published 2019-10-14T12:00:00.000Z
- Category: report · region Global · magnitude medium
- Page: https://feedsoft.ai/events/56500-usda-lifts-global-wheat-stock-estimates-farm-online-act
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md)

## Why it matters

Higher global stocks and US prices remaining high versus Black Sea and EU wheat limit export growth, which is bearish for wheat prices. Lower feed use in the US also reduces demand for wheat in feed rations.

## Read by commodity

- WHEAT: bearish ▼
- KWHEAT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2021-09-18 | [USDA increases wheat stock estimates \| Farm Online \| ACT](https://feedsoft.ai/events/6379-usda-increases-wheat-stock-estimates-farm-online-act.md) | -3.6% | +3.9% |
| WHEAT | 2017-03-14 | [Global wheat estimates surge \| VIC](https://feedsoft.ai/events/11206-global-wheat-estimates-surge-vic.md) | -1.6% | +0.9% |
| WHEAT | 2020-06-11 | [Wheat slides on record global stocks estimate - Markets - Business Recorder](https://feedsoft.ai/events/52557-wheat-slides-on-record-global-stocks-estimate-markets-business-recorder.md) | -1.4% | -5.1% |
| WHEAT | 2025-09-18 | [US wheat futures slip after USDA boosts global ending stocks](https://feedsoft.ai/events/22928-us-wheat-futures-slip-after-usda-boosts-global-ending-stocks.md) | +0.5% | +1.4% |
| WHEAT | 2022-02-09 | [USDA cuts global ending stocks for beans, wheat, cotton and corn - Pro Farmer](https://feedsoft.ai/events/42671-usda-cuts-global-ending-stocks-for-beans-wheat-cotton-and-corn-pro-farmer.md) | +0.4% | +18.0% |
| KWHEAT | 2025-09-18 | [US wheat futures slip after USDA boosts global ending stocks](https://feedsoft.ai/events/22928-us-wheat-futures-slip-after-usda-boosts-global-ending-stocks.md) | -1.8% | -5.4% |
| KWHEAT | 2024-08-22 | [USDA forecasts Australia's wheat crop to be up year on year \| Farm Online \| ACT](https://feedsoft.ai/events/28737-usda-forecasts-australia-s-wheat-crop-to-be-up-year-on-year-farm-online-act.md) | +1.6% | +5.3% |
| KWHEAT | 2025-12-19 | [USDA lifts 2025-26 global wheat stocks forecast as higher output offsets record demand](https://feedsoft.ai/events/21549-usda-lifts-2025-26-global-wheat-stocks-forecast-as-higher-output-offsets-record.md) | +3.2% | +1.2% |

## Sources

- farmonline.com.au: https://www.farmonline.com.au/story/6436554/usda-lifts-global-wheat-stock-estimates/

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