# Wheat Market Outlook – May 8th, 2023 | Sask Wheat

> Sask Wheat's weekly outlook for May 8, 2023 reports AMIS raising 2022/23 global wheat output by 4 million tonnes to about 800 million tonnes, led by Kazakhstan. The report also provides Saskatchewan elevator bids and export port prices.

- Date: 2023-05-08 · published 2023-05-08T12:00:00.000Z
- Category: report · region Global · magnitude low
- Page: https://feedsoft.ai/events/35989-wheat-market-outlook-may-8th-2023-sask-wheat
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Higher global output estimates add supply and weigh on wheat prices, offering feed buyers cheaper wheat options.

## Read by commodity

- WHEAT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2019-05-13 | [Wheat Market Outlook – May 13th, 2019 \| Sask Wheat](https://feedsoft.ai/events/12092-wheat-market-outlook-may-13th-2019-sask-wheat.md) | -0.4% | +4.7% |
| WHEAT | 2023-10-30 | [Wheat Market Outlook – October 30th, 2023 \| Sask Wheat](https://feedsoft.ai/events/33676-wheat-market-outlook-october-30th-2023-sask-wheat.md) | +2.3% | +0.4% |
| 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 | 2020-06-29 | [Wheat Market Outlook – June 29th, 2020 \| Sask Wheat](https://feedsoft.ai/events/52643-wheat-market-outlook-june-29th-2020-sask-wheat.md) | -6.5% | -4.5% |
| 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/2023-05-08/

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