# THE SHAPE OF THINGS TO COME – GrainsWest

> An analysis of early prospects for the 2019/20 wheat marketing year expects global wheat stocks to tighten before the next harvest. USDA estimates show a moderate drop in world carryout to about 260 MMT, near a record, but much of that stock is in China and unlikely to reach world markets. Supplies are expected to fall sharply across the main exporting countries.

- Date: 2019-01-08 · published 2019-01-08T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/61035-the-shape-of-things-to-come-grainswest
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

A drawdown in exportable supplies would support wheat prices into the 2019/20 crop year. Weather remains the main uncertainty.

## Read by commodity

- WHEAT: bullish ▲

## Sources

- grainswest.com: https://grainswest.com/2019/01/the-shape-of-things-to-come/

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