# Wheat Market Outlook – November 16th, 2020 | Sask Wheat

> USDA's November 10 world wheat balance sheet showed supplies 0.7 million mt higher than October at 1,073 million mt, with larger consumption and exports and lower ending stocks. The weekly Sask Wheat report also includes Saskatchewan bids and export basis tables.

- Date: 2020-11-16 · published 2020-11-16T12:00:00.000Z
- Category: report · region Global · magnitude low
- Page: https://feedsoft.ai/events/50199-wheat-market-outlook-november-16th-2020-sask-wheat
- Commodities: [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Tighter ending stocks support wheat prices and reduce the cushion for feed-wheat buyers. Higher exports draw down available supply.

## Read by commodity

- WHEAT: bullish ▲
- KWHEAT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| KWHEAT | 2024-11-18 | [Wheat Market Outlook – November 18, 2024 \| Sask Wheat](https://feedsoft.ai/events/27454-wheat-market-outlook-november-18-2024-sask-wheat.md) | +2.6% | +3.6% |
| KWHEAT | 2018-09-24 | [Wheat Market Outlook – September 24th, 2018 \| Sask Wheat](https://feedsoft.ai/events/63068-wheat-market-outlook-september-24th-2018-sask-wheat.md) | -2.7% | -1.7% |
| KWHEAT | 2024-04-29 | [Wheat Market Outlook – April 29, 2024 \| Sask Wheat](https://feedsoft.ai/events/30780-wheat-market-outlook-april-29-2024-sask-wheat.md) | +2.1% | +11.6% |
| KWHEAT | 2018-08-27 | [Wheat Market Outlook – August 27th, 2018 \| Sask Wheat](https://feedsoft.ai/events/63572-wheat-market-outlook-august-27th-2018-sask-wheat.md) | +0.7% | +1.9% |
| KWHEAT | 2021-01-29 | [Winter 2021 Wheat Supply and Demand Outlook](https://feedsoft.ai/events/49176-winter-2021-wheat-supply-and-demand-outlook.md) | -1.2% | -0.2% |
| WHEAT | 2024-11-18 | [Wheat Market Outlook – November 18, 2024 \| Sask Wheat](https://feedsoft.ai/events/27454-wheat-market-outlook-november-18-2024-sask-wheat.md) | -0.6% | +0.3% |
| WHEAT | 2020-07-27 | [Wheat Market Outlook – July 27th, 2020 \| Sask Wheat](https://feedsoft.ai/events/52148-wheat-market-outlook-july-27th-2020-sask-wheat.md) | +0.4% | -1.6% |
| WHEAT | 2018-09-24 | [Wheat Market Outlook – September 24th, 2018 \| Sask Wheat](https://feedsoft.ai/events/63068-wheat-market-outlook-september-24th-2018-sask-wheat.md) | -0.1% | +7.8% |

## Sources

- saskwheat.ca: https://saskwheat.ca/wheat-market-outlook/2020-11-16/

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