# Global Stocks-to-Use Ratios

> DTN's analysis of the January 12 USDA reports notes that the 2017/18 world wheat stocks-to-use ratio of 36.2% ties 1998/99 as the highest ever. World soybean ending stocks at 98.57 million tonnes are also the highest on record. The piece also flags South American crops and possible NAFTA changes as key factors.

- Date: 2018-01-16 · published 2018-01-16T12:00:00.000Z
- Category: report · region Global · magnitude medium
- Page: https://feedsoft.ai/events/66936-global-stocks-to-use-ratios
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Record world stocks mean limited upside for grain prices absent a major crop shortfall, so feed buyers can expect ample supply. Trade policy risk from NAFTA adds some uncertainty to U.S. export demand.

## Read by commodity

- SOY: bearish ▼
- CORN: bearish ▼
- WHEAT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2016-11-11 | [Farming News - Global wheat production up - leads to new record stocks](https://feedsoft.ai/events/73799-farming-news-global-wheat-production-up-leads-to-new-record-stocks.md) | +1.8% | +1.5% |
| WHEAT | 2020-02-13 | [Stocks-Use Ratio vs Price for Lethbridge Barley](https://feedsoft.ai/events/54663-stocks-use-ratio-vs-price-for-lethbridge-barley.md) | +5.3% | +9.6% |
| WHEAT | 2026-01-15 | [USDA raises projections for US, global wheat ending stocks \| World Grain](https://feedsoft.ai/events/21103-usda-raises-projections-for-us-global-wheat-ending-stocks-world-grain.md) | -1.3% | +2.8% |
| 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 | 2025-09-30 | [Grain markets react to unexpected USDA stocks data](https://feedsoft.ai/events/9840-grain-markets-react-to-unexpected-usda-stocks-data.md) | +0.4% | +5.9% |
| SOY | 2024-05-30 | [Corn, Soybean Stocks-to-Use Ratios](https://feedsoft.ai/events/30286-corn-soybean-stocks-to-use-ratios.md) | -3.0% | -5.1% |
| SOY | 2017-04-11 | [Global Soybean Production, Ending Stocks Raised](https://feedsoft.ai/events/71445-global-soybean-production-ending-stocks-raised.md) | +0.5% | +2.5% |
| SOY | 2024-02-14 | [Rabobank: Global pork production to slow in 2024 \| Feed Strategy](https://feedsoft.ai/events/31661-rabobank-global-pork-production-to-slow-in-2024-feed-strategy.md) | -2.1% | -0.4% |

## Sources

- dtnpf.com: https://www.dtnpf.com/agriculture/web/ag/blogs/fundamentally-speaking/blog-post/2018/01/16/global-stocks-use-ratios

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