# Wheat Market Outlook – October 30th, 2023 | Sask Wheat

> Sask Wheat's weekly outlook reports that the EU Commission raised EU soft wheat production by 0.2 million tonnes to 125.5 million tonnes, while cutting exports by one million tonnes to 31 million. Benchmark Canadian elevator and port prices are also tabulated.

- Date: 2023-10-30 · published 2023-10-30T12:00:00.000Z
- Category: report · region EU · magnitude low
- Page: https://feedsoft.ai/events/33676-wheat-market-outlook-october-30th-2023-sask-wheat
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

A slightly larger EU crop with lower exports keeps EU supply ample, which is a mild bearish factor for wheat export prices.

## Read by commodity

- WHEAT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2023-05-08 | [Wheat Market Outlook – May 8th, 2023 \| Sask Wheat](https://feedsoft.ai/events/35989-wheat-market-outlook-may-8th-2023-sask-wheat.md) | -2.1% | -5.3% |
| WHEAT | 2019-09-30 | [Wheat Market Outlook – September 30th, 2019 \| Sask Wheat](https://feedsoft.ai/events/57115-wheat-market-outlook-september-30th-2019-sask-wheat.md) | +0.6% | -1.3% |
| WHEAT | 2025-06-30 | [Wheat Market Outlook – June 30, 2025 \| Sask Wheat](https://feedsoft.ai/events/24270-wheat-market-outlook-june-30-2025-sask-wheat.md) | -0.7% | -1.8% |
| WHEAT | 2025-03-17 | [Wheat Market Outlook – March 17, 2025 \| Sask Wheat](https://feedsoft.ai/events/5623-wheat-market-outlook-march-17-2025-sask-wheat.md) | +5.3% | +2.5% |
| WHEAT | 2021-06-07 | [Wheat Market Outlook – June 7th, 2021 \| Sask Wheat](https://feedsoft.ai/events/46642-wheat-market-outlook-june-7th-2021-sask-wheat.md) | +1.2% | -2.1% |

## Sources

- saskwheat.ca: https://saskwheat.ca/wheat-market-outlook/2023-10-30/

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