# Wheat Market Outlook – November 18, 2024 | Sask Wheat

> The USDA forecasts global wheat exportable supplies will fall by 6.6 million mt this season, mostly in major exporters. Exports are expected to rise from the Americas and Australia while European exports contract. Southern Hemisphere exportable surplus could rise by over 8 million mt.

- Date: 2024-11-18 · published 2024-11-18T12:00:00.000Z
- Category: report · region Global · magnitude low
- Page: https://feedsoft.ai/events/27454-wheat-market-outlook-november-18-2024-sask-wheat
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md)

## Why it matters

A projected drop in global exportable supplies is supportive for wheat prices, though larger Southern Hemisphere exports offset some of the tightness.

## Read by commodity

- WHEAT: bullish ▲
- KWHEAT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2020-11-16 | [Wheat Market Outlook – November 16th, 2020 \| Sask Wheat](https://feedsoft.ai/events/50199-wheat-market-outlook-november-16th-2020-sask-wheat.md) | -2.8% | +1.3% |
| WHEAT | 2018-09-24 | [Wheat Market Outlook – September 24th, 2018 \| Sask Wheat](https://feedsoft.ai/events/63068-wheat-market-outlook-september-24th-2018-sask-wheat.md) | -0.1% | +7.8% |
| WHEAT | 2024-04-29 | [Wheat Market Outlook – April 29, 2024 \| Sask Wheat](https://feedsoft.ai/events/30780-wheat-market-outlook-april-29-2024-sask-wheat.md) | -1.8% | +21.1% |
| WHEAT | 2020-07-27 | [Wheat Market Outlook – July 27th, 2020 \| Sask Wheat](https://feedsoft.ai/events/52148-wheat-market-outlook-july-27th-2020-sask-wheat.md) | +0.4% | -1.6% |
| WHEAT | 2017-03-27 | [Wheat Market Outlook – March 27th, 2017 \| Sask Wheat](https://feedsoft.ai/events/72045-wheat-market-outlook-march-27th-2017-sask-wheat.md) | +2.4% | +3.1% |
| KWHEAT | 2020-11-16 | [Wheat Market Outlook – November 16th, 2020 \| Sask Wheat](https://feedsoft.ai/events/50199-wheat-market-outlook-november-16th-2020-sask-wheat.md) | -0.3% | +4.9% |
| KWHEAT | 2018-09-24 | [Wheat Market Outlook – September 24th, 2018 \| Sask Wheat](https://feedsoft.ai/events/63068-wheat-market-outlook-september-24th-2018-sask-wheat.md) | -2.7% | -1.7% |
| KWHEAT | 2024-04-29 | [Wheat Market Outlook – April 29, 2024 \| Sask Wheat](https://feedsoft.ai/events/30780-wheat-market-outlook-april-29-2024-sask-wheat.md) | +2.1% | +11.6% |

## Sources

- saskwheat.ca: https://saskwheat.ca/wheat-market-outlook/wheat-market-outlook-november-18-2024/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.