This month’s report solidified the bearish sentiment hanging over the wheat market. Domestic ending stocks were increased to 931 million bushels, coming in above the average analyst estimate and marking the largest U.S. wheat supply since the 2019/20 season. The build resulted from lower domestic food use estimates. The U.S. stocks-to-use ratio increased to a burdensome 45.9%, a six-year high that should continue to act as a significant headwind for domestic prices.I reached out to Jake Hanley, the Chief Gr ...