US Wheat Ending Stocks Down; Global Stocks Up

Jan 12, 2023

Projected 2022-23 US wheat ending stocks continued to tick lower but global stocks were raised in a monthly USDA supply-demand update Thursday.

US wheat ending stocks are now estimated at 567 million bu, down only slightly from the government’s December forecast of 571 million but further below the 2021-22 and 2020-21 ending stocks levels of 845 million and 698 million, respectively. Meanwhile, world wheat ending stocks were raised 1.1 million tonnes this month to 268.4 million, although that remains below the previous year’s 276.82 million.

The tightening in US stocks was a mild surprise, with most traders and analysts expecting an upward revision to around 580 million bu. Wheat futures were trading between 2 and 15 cents higher this afternoon.

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Video: Wisconsin Corn and Soybean Weed Management Updates and Considerations for 2026 and Beyond

Dr. Rodrigo Werle, associate professor and extension weed scientist, UW–Madison, shares the latest updates and future considerations for corn and soybean weed management in Wisconsin. This presentation covers herbicide resistance trends in waterhemp, including newly confirmed cases of HPPD and S-metolachlor resistance, and emphasizes the importance of residual herbicides and strategic tank mixes for consistent control. Rodrigo also introduces upcoming technologies like Vyconic soybeans and new herbicide products, discusses integrated weed management strategies such as planting green with cover crops, and highlights practical recommendations for 2026 and beyond.

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