# Global Wheat Stocks Revised Lower, Boosting Prices

> The July WASDE cut USDA's 2019/20 world wheat ending stocks by 7.88 million tonnes to 286.46 million tonnes, a steeper cut than analysts expected. Wheat futures rallied on the report, though the stocks figure remains a record and global consumption was revised lower.

- Date: 2019-07-11 · published 2019-07-11T12:00:00.000Z
- Category: report · region Global · magnitude medium
- Page: https://feedsoft.ai/events/58151-global-wheat-stocks-revised-lower-boosting-prices
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md)

## Why it matters

A larger-than-expected stocks cut signals tighter wheat supply and supports prices, though record carryout limits the upside for feed buyers.

## Read by commodity

- WHEAT: bullish ▲
- KWHEAT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2020-12-16 | [Global wheat prices rises despite record stocks \| Miller Magazine](https://feedsoft.ai/events/49698-global-wheat-prices-rises-despite-record-stocks-miller-magazine.md) | +0.7% | +6.9% |
| WHEAT | 2023-09-12 | [Wheat prices strengthened by lower global production - Farmers Weekly](https://feedsoft.ai/events/34146-wheat-prices-strengthened-by-lower-global-production-farmers-weekly.md) | +0.9% | -1.2% |
| 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 | 2023-07-12 | [USDA Sees Global Wheat Stocks Falling for a Fourth Year](https://feedsoft.ai/events/34986-usda-sees-global-wheat-stocks-falling-for-a-fourth-year.md) | +1.5% | +3.4% |
| WHEAT | 2018-06-28 | [Strong Demand Pushes Global Wheat Prices Higher - U.S. Wheat Associates](https://feedsoft.ai/events/64554-strong-demand-pushes-global-wheat-prices-higher-u-s-wheat-associates.md) | -4.2% | +0.8% |
| KWHEAT | 2023-09-12 | [Wheat prices strengthened by lower global production - Farmers Weekly](https://feedsoft.ai/events/34146-wheat-prices-strengthened-by-lower-global-production-farmers-weekly.md) | +2.4% | -4.5% |
| KWHEAT | 2023-07-12 | [USDA Sees Global Wheat Stocks Falling for a Fourth Year](https://feedsoft.ai/events/34986-usda-sees-global-wheat-stocks-falling-for-a-fourth-year.md) | +1.1% | -5.8% |
| KWHEAT | 2018-06-28 | [Strong Demand Pushes Global Wheat Prices Higher - U.S. Wheat Associates](https://feedsoft.ai/events/64554-strong-demand-pushes-global-wheat-prices-higher-u-s-wheat-associates.md) | +4.7% | +16.0% |

## Sources

- dtnpf.com: https://www.dtnpf.com/agriculture/web/Ag/blogs/canada-markets/blog-post/2019/07/11/global-wheat-stocks-revised-lower

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