Source: 99 Futures Network
Below is the global wheat supply and demand balance released in October
| Initial inventory | produce | import | Domestic feed | Domestic Aggregate 2/ | outlet | Ending inventory | ||
| globe | 273.57 | 789.49 | 213.10 | 152.70 | 789.44 | 221.73 | 273.61 | |
| Global (ex-China) | 136.81 | 651.76 | 199.82 | 119.70 | 641.44 | 220.78 | 134.79 | |
| United States | 18.36 | 44.90 | 3.31 | 2.03 | 30.33 | 20.73 | 15.50 | |
| Total abroad | 255.21 | 744.59 | 209.79 | 150.67 | 759.11 | 201.00 | 258.11 | |
| Main exports | 41.53 | 335.69 | 13.33 | 73.92 | 180.96 | 162.28 | 47.32 | |
| Argentina | 1.93 | 12.55 | 0.00 | 0.25 | 6.85 | 3.66 | 3.97 | |
| Australia IA | 3.45 | 40.55 | 0.20 | 4.50 | 8.00 | 31.82 | 4.37 | |
| Canada | 4.17 | 34.81 | 0.55 | 3.17 | 8.31 | 25.59 | 5.63 | |
| European Union | 13.63 | 134.29 | 12.19 | 45.00 | 109.00 | 35.08 | 16.04 | |
| Russia | 12.09 | 92.00 | 0.30 | 18.00 | 41.00 | 49.00 | 14.39 | |
| Ukraine | 6.27 | 21.50 | 0.08 | 3.00 | 7.80 | 17.12 | 2.93 | |
| Major importers | 172.98 | 206.11 | 133.96 | 50.74 | 320.51 | 15.13 | 177.40 | |
| Bangladesh | 1.31 | 1.10 | 5.12 | 0.20 | 6.70 | 0.00 | 0.83 | |
| Brazil | 1.10 | 10.55 | 4.68 | 0.45 | 11.85 | 2.69 | 1.80 | |
| Chinese mainland | 136.76 | 137.72 | 13.28 | 33.00 | 148.00 | 0.95 | 138.82 | |
| Japan | 1.18 | 1.06 | 5.45 | 0.75 | 6.25 | 0.29 | 1.14 | |
| Southern Africa | 12.72 | 17.24 | 29.68 | 1.67 | 46.72 | 0.77 | 12.15 | |
| Nigeria | 0.62 | 0.11 | 4.73 | 0.00 | 4.70 | 0.40 | 0.36 | |
| Middle East | 10.22 | 17.43 | 24.71 | 3.58 | 39.44 | 0.65 | 12.26 | |
| Nanyang | 4.64 | 0.00 | 24.48 | 7.60 | 24.75 | 1.28 | 3.09 | |
| Select Other | ||||||||
| India | 19.50 | 104.00 | 0.04 | 6.50 | 108.67 | 5.38 | 9.50 | |
| Kazakhstan | 1.49 | 16.40 | 4.00 | 1.80 | 6.80 | 10.87 | 4.22 | |
| United | 1.85 | 15.54 | 2.02 | 7.00 | 15.00 | 1.91 | 2.50 | |
| 2023/24 | ||||||||
| globe | 273.61 | 790.38 | 221.80 | 158.54 | 797.81 | 221.32 | 266.18 | |
| Global (ex-China) | 134.79 | 653.79 | 208.16 | 121.54 | 644.31 | 220.28 | 131.68 | |
| United States | 15.50 | 49.10 | 3.76 | 2.31 | 30.16 | 19.24 | 18.95 | |
| Total abroad | 258.11 | 741.29 | 218.04 | 156.23 | 767.65 | 202.07 | 247.22 | |
| Main exports | 47.32 | 324.12 | 13.76 | 72.76 | 180.36 | 165.59 | 39.26 | |
| Argentina | 3.97 | 15.85 | 0.00 | 0.25 | 7.05 | 8.20 | 4.57 | |
| Australia IA | 4.37 | 25.96 | 0.22 | 4.00 | 7.50 | 20.00 | 3.05 | |
| Canada | 5.63 | 32.95 | 0.56 | 4.01 | 9.11 | 25.44 | 4.58 | |
| European Union | 16.04 | 134.87 | 12.63 | 46.50 | 111.00 | 37.87 | 14.66 | |
| Russia | 14.39 | 91.50 | 0.30 | 16.00 | 39.00 | 55.50 | 11.69 | |
| Ukraine | 2.93 | 23.00 | 0.06 | 2.00 | 6.70 | 18.58 | 0.71 | |
| Major importers | 177.40 | 208.72 | 138.96 | 56.06 | 330.38 | 19.77 | 174.95 | |
| Bangladesh | 0.83 | 1.10 | 6.80 | 0.25 | 7.65 | 0.00 | 1.08 | |
| Brazil | 1.80 | 8.10 | 6.61 | 0.60 | 12.00 | 2.81 | 1.69 | |
| Chinese mainland | 138.82 | 136.59 | 13.64 | 37.00 | 153.50 | 1.04 | 134.50 | |
| Japan | 1.14 | 1.15 | 5.35 | 0.73 | 6.23 | 0.31 | 1.09 | |
| Southern Africa | 12.15 | 16.37 | 31.24 | 1.63 | 46.73 | 2.00 | 11.03 | |
| Nigeria | 0.36 | 0.12 | 5.11 | 0.00 | 4.80 | 0.35 | 0.44 | |
| Middle East | 12.26 | 20.77 | 19.98 | 3.13 | 39.69 | 0.66 | 12.67 | |
| Nanyang | 3.09 | 0.00 | 30.60 | 9.70 | 27.81 | 1.30 | 4.57 | |
| Select Other | ||||||||
| India | 9.50 | 110.55 | 0.13 | 6.75 | 112.34 | 0.34 | 7.50 | |
| Kazakhstan | 4.22 | 12.11 | 2.50 | 2.50 | 7.50 | 8.00 | 3.33 | |
| United | 2.50 | 13.98 | 3.12 | 7.20 | 15.40 | 0.56 | 3.63 | |
| 2024/25 Proj. | ||||||||
| globe | September | 265.25 | 796.88 | 210.27 | 151.91 | 804.90 | 216.51 | 257.22 |
| October | 266.18 | 794.08 | 210.77 | 151.80 | 802.54 | 215.82 | 257.72 | |
| Global (ex-China) | September | 130.74 | 656.88 | 198.27 | 118.91 | 653.90 | 215.51 | 122.72 |
| October | 131.68 | 654.08 | 198.77 | 118.80 | 651.54 | 214.82 | 123.21 | |
| United States | September | 19.11 | 53.93 | 2.86 | 2.99 | 30.92 | 22.45 | 22.53 |
| October | 18.95 | 53.65 | 3.13 | 3.27 | 31.19 | 22.45 | 22.09 | |
| Total abroad | September | 246.14 | 742.95 | 207.41 | 148.92 | 773.98 | 194.05 | 234.70 |
| October | 247.22 | 740.43 | 207.64 | 148.54 | 771.35 | 193.36 | 235.62 | |
| Main exports | September | 37.76 | 314.30 | 12.64 | 71.45 | 178.65 | 157.00 | 29.05 |
| October | 39.26 | 312.90 | 12.64 | 71.25 | 178.35 | 156.50 | 29.95 | |
| Argentina | September | 4.57 | 18.00 | 0.01 | 0.25 | 7.05 | 11.50 | 4.03 |
| October | 4.57 | 18.00 | 0.01 | 0.25 | 7.05 | 11.50 | 4.03 | |
| Australia IA | September | 3.05 | 32.00 | 0.20 | 4.00 | 7.50 | 25.00 | 2.75 |
| October | 3.05 | 32.00 | 0.20 | 4.00 | 7.50 | 25.00 | 2.75 | |
| Canada | September | 4.58 | 35.00 | 0.55 | 4.50 | 9.60 | 26.00 | 4.53 |
| October | 4.58 | 35.00 | 0.55 | 4.50 | 9.60 | 26.00 | 4.53 | |
| European Union | September | 14.66 | 124.00 | 11.50 | 44.50 | 108.75 | 31.50 | 9.91 |
| October | 14.66 | 123.00 | 11.50 | 44.50 | 108.75 | 30.00 | 10.41 | |
| Russia | September | 10.19 | 83.00 | 0.30 | 16.00 | 38.75 | 48.00 | 6.74 |
| October | 11.69 | 82.00 | 0.30 | 16.00 | 38.75 | 48.00 | 7.24 | |
| Ukraine | September | 0.71 | 22.30 | 0.08 | 2.20 | 7.00 | 15.00 | 1.09 |
| October | 0.71 | 22.90 | 0.08 | 2.00 | 6.70 | 16.00 | 0.99 | |
| Major importers | September | 175.47 | 211.88 | 132.15 | 51.33 | 329.10 | 18.05 | 172.35 |
| October | 174.95 | 211.07 | 133.15 | 51.33 | 329.15 | 18.05 | 171.97 | |
| Bangladesh | September | 1.08 | 1.10 | 6.90 | 0.25 | 7.95 | 0.00 | 1.13 |
| October | 1.08 | 1.10 | 6.90 | 0.25 | 7.95 | 0.00 | 1.13 | |
| Brazil | September | 1.57 | 9.50 | 5.50 | 0.50 | 11.90 | 3.00 | 1.67 |
| October | 1.69 | 9.00 | 6.00 | 0.50 | 11.90 | 3.00 | 1.79 | |
| Chinese mainland | September | 134.50 | 140.00 | 12.00 | 33.00 | 151.00 | 1.00 | 134.50 |
| October | 134.50 | 140.00 | 12.00 | 33.00 | 151.00 | 1.00 | 134.50 | |
| Japan | September | 1.17 | 1.16 | 5.30 | 0.65 | 6.10 | 0.30 | 1.23 |
| October | 1.09 | 1.08 | 5.40 | 0.65 | 6.15 | 0.30 | 1.12 | |
| Southern Africa | September | 11.03 | 16.05 | 31.90 | 1.45 | 46.80 | 1.60 | 10.58 |
| October | 11.03 | 16.02 | 31.90 | 1.45 | 46.70 | 1.60 | 10.65 | |
| Nigeria | September | 0.44 | 0.12 | 5.50 | 0.00 | 5.00 | 0.38 | 0.68 |
| October | 0.44 | 0.12 | 5.50 | 0.00 | 5.00 | 0.38 | 0.68 | |
| Middle East | September | 12.71 | 22.09 | 18.50 | 3.13 | 40.38 | 0.81 | 12.12 |
| October | 12.67 | 22.09 | 18.50 | 3.13 | 40.38 | 0.81 | 12.07 | |
| Nanyang | September | 5.11 | 0.00 | 29.55 | 9.65 | 28.28 | 1.28 | 5.11 |
| October | 4.57 | 0.00 | 29.75 | 9.65 | 28.38 | 1.28 | 4.67 | |
| Select Other | ||||||||
| India | September | 7.50 | 114.00 | 0.30 | 6.00 | 113.00 | 0.30 | 8.50 |
| October | 7.50 | 113.29 | 0.30 | 6.00 | 112.29 | 0.30 | 8.50 | |
| Kazakhstan | September | 3.33 | 16.00 | 1.00 | 2.00 | 7.00 | 10.50 | 2.83 |
| October | 3.33 | 16.00 | 1.00 | 2.00 | 7.00 | 10.50 | 2.83 | |
| United | September | 3.63 | 10.85 | 3.20 | 6.50 | 14.50 | 0.50 | 2.68 |
| October | 3.63 | 10.85 | 3.20 | 6.50 | 14.50 | 0.50 | 2.68 |