Some of 2022’s volatility is gone, but low carryover of wheat stocks and uncertainties are expected to keep prices relatively high as farmers enter the new year. That was the prediction Wednesday from Norm Ruhoff, a clinical assistant professor at the University of Idaho. Wheat stocks remain “tight,” Ruhoff said, as he rattled off numbers to illustrate his point. Among them, The U.S. wheat stocks-to-use ratio is the lowest since 2013, and there has been a dramatic 25% decrease in that ratio since 2017. Overall global wheat stocks are projected to be at their lowest level since 2017, while inventories of the major wheat exporters are dipping to the lowest level in a decade.