In 2023, U.S. wheat stocks were at 4.6 million metric tons. From 2024 to 2028, forecasts predict a steady decline, with stocks decreasing by approximately 13-10% year-on-year. The compound annual growth rate (CAGR) for this five-year period is a negative 11%, indicating a consistent annual reduction in wheat stock levels.

Future trends to watch for include:

The impact of climate change on wheat yields.
Global market dynamics affecting U.S. wheat exports and imports.
Technological and agricultural advancements potentially altering wheat production efficiency.