# Wheat Market Outlook – August 26, 2024 | Sask Wheat

> The Exceed Grain Marketing outlook shows total wheat output for major exporters down only 1% year on year, as US, Australian and Canadian gains offset a 16.7 mln t EU, Russian and Ukrainian decline. North American FOB values dropped $6-7/mt in the past week while EU and Black Sea values rose $1-3/mt.

- Date: 2024-08-26 · published 2024-08-26T12:00:00.000Z
- Category: report · region Global · magnitude low
- Page: https://feedsoft.ai/events/28815-wheat-market-outlook-august-26-2024-sask-wheat
- Commodities: [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Smaller EU and Black Sea supply may push MENA importers such as Egypt and Morocco to buy from North America, supporting US export demand while Black Sea offers firm modestly.

## Read by commodity

- WHEAT: neutral
- KWHEAT: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| KWHEAT | 2024-09-23 | [Wheat Market Outlook – September 23, 2024 \| Sask Wheat](https://feedsoft.ai/events/5610-wheat-market-outlook-september-23-2024-sask-wheat.md) | +2.3% | +3.0% |
| KWHEAT | 2020-11-30 | [Wheat Market Outlook – November 30th, 2020 \| Sask Wheat](https://feedsoft.ai/events/50198-wheat-market-outlook-november-30th-2020-sask-wheat.md) | -3.6% | +2.8% |
| KWHEAT | 2025-11-04 | [Government shutdown affects wheat market information](https://feedsoft.ai/events/6945-government-shutdown-affects-wheat-market-information.md) | -0.9% | -1.6% |
| KWHEAT | 2025-09-16 | [Wheat: Market mixed: SWR with slight gains, HRW weakens](https://feedsoft.ai/events/8336-wheat-market-mixed-swr-with-slight-gains-hrw-weakens.md) | -2.3% | -6.4% |
| KWHEAT | 2023-01-27 | [Wheat Market Monitor with OSU’S Kim Anderson - Oklahoma Farm Report](https://feedsoft.ai/events/37831-wheat-market-monitor-with-osu-s-kim-anderson-oklahoma-farm-report.md) | +1.9% | -2.7% |
| WHEAT | 2024-09-23 | [Wheat Market Outlook – September 23, 2024 \| Sask Wheat](https://feedsoft.ai/events/5610-wheat-market-outlook-september-23-2024-sask-wheat.md) | +11.3% | +5.5% |
| WHEAT | 2021-06-28 | [Wheat Market Outlook – June 28th, 2021 \| Sask Wheat](https://feedsoft.ai/events/46621-wheat-market-outlook-june-28th-2021-sask-wheat.md) | -0.2% | -3.7% |
| WHEAT | 2017-04-24 | [Wheat Market Outlook – April 24th, 2017 \| Sask Wheat](https://feedsoft.ai/events/71551-wheat-market-outlook-april-24th-2017-sask-wheat.md) | +2.4% | +1.0% |

## Sources

- saskwheat.ca: https://saskwheat.ca/wheat-market-outlook/wheat-market-outlook-august-26-2024/

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