# Wheat Market Outlook – October 28, 2024 | Sask Wheat

> Exceed Grain Marketing's weekly outlook reports global cash wheat prices were generally lower last week, led by weak French wheat after a small crop. Russian exporters are offering wheat around $237/mt FOB, below the unofficial price floor. October saw mixed wheat prices with North American wheat higher.

- Date: 2024-10-28 · published 2024-10-28T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/27906-wheat-market-outlook-october-28-2024-sask-wheat
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Canola Meal](https://feedsoft.ai/c/CANMEAL.md)

## Why it matters

Cheap Black Sea offers and weak French prices cap global wheat values, keeping feed wheat competitive against corn.

## Read by commodity

- SBO: bullish ▲
- SOY: bullish ▲
- WHEAT: bearish ▼
- CANMEAL: bearish ▼

## Sources

- saskwheat.ca: https://saskwheat.ca/wheat-market-outlook/wheat-market-outlook-october-28-2024/
- saskcanola.com: https://www.saskcanola.com/market-outlook-articles/canola-market-outlook-october-28-2024

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