# Wheat Market Outlook – June 28th, 2021 | Sask Wheat

> The International Grains Council cut its 2021/22 world wheat production estimate to 789 million tonnes from 790 million in May, while raising its wheat trade forecast. The weekly outlook also reports Saskatchewan elevator bids and export prices.

- Date: 2021-06-28 · published 2021-06-28T12:00:00.000Z
- Category: report · region Global · magnitude low
- Page: https://feedsoft.ai/events/46621-wheat-market-outlook-june-28th-2021-sask-wheat
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

A small cut to world output with higher trade implies modestly firmer export demand, but the change is too small to move prices much on its own.

## Read by commodity

- WHEAT: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2024-08-26 | [Wheat Market Outlook – August 26, 2024 \| Sask Wheat](https://feedsoft.ai/events/28815-wheat-market-outlook-august-26-2024-sask-wheat.md) | +0.4% | +3.2% |
| 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% |
| 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 | 2018-10-09 | [Wheat Market Outlook – October 9th, 2018 \| Sask Wheat](https://feedsoft.ai/events/62628-wheat-market-outlook-october-9th-2018-sask-wheat.md) | +8.3% | +4.4% |
| WHEAT | 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) | -0.9% | +8.3% |

## Sources

- saskwheat.ca: https://saskwheat.ca/wheat-market-outlook/2021-06-28/

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