# Commodity Outlook – Wheat | AgriBazaar

> An AgriBazaar outlook covers India's wheat crop, noting sowing acreage up 74% year on year as of November 6, 2020, and government open-market sales of wheat. Wheat prices are expected to trade steady to slightly firm in the short term as wheat product demand has stayed weak. Monsoon rainfall through November 4 was 1% below the long-period average.

- Date: 2020-11-17 · published 2020-11-17T12:00:00.000Z
- Category: market · region India · magnitude low
- Page: https://feedsoft.ai/events/50115-commodity-outlook-wheat-agribazaar
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Higher Indian wheat sowing and weak product demand point to ample domestic supply that keeps global wheat prices from firming much.

## Read by commodity

- WHEAT: neutral

## Sources

- blog.agribazaar.com: https://blog.agribazaar.com/commodity-outlook-wheat-13/

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