# Wheat Market Outlook – August 31st, 2020 | Sask Wheat

> The Sask Wheat weekly outlook reports the International Grains Council raised its August estimate of world wheat production by 1 million tonnes to 763 million tonnes, about one million tonnes above the prior year. The report also notes trade estimates changed alongside production.

- Date: 2020-08-31 · published 2020-08-31T12:00:00.000Z
- Category: report · region Global · magnitude low
- Page: https://feedsoft.ai/events/51653-wheat-market-outlook-august-31st-2020-sask-wheat
- Commodities: [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

A larger world wheat crop adds supply pressure on export prices, which keeps benchmark bids for Canadian and other wheat under pressure.

## Read by commodity

- WHEAT: bearish ▼
- KWHEAT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| KWHEAT | 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) | +2.7% | +4.3% |
| KWHEAT | 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) | -1.5% | +1.9% |
| KWHEAT | 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) | +2.7% | -1.0% |
| KWHEAT | 2024-07-15 | [Wheat Market Outlook – July 15, 2024 \| Sask Wheat](https://feedsoft.ai/events/9370-wheat-market-outlook-july-15-2024-sask-wheat.md) | -5.6% | -8.3% |
| KWHEAT | 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) | -0.9% | +3.7% |
| WHEAT | 2020-09-21 | [Wheat Market Outlook – September 21st, 2020 \| Sask Wheat](https://feedsoft.ai/events/51174-wheat-market-outlook-september-21st-2020-sask-wheat.md) | -1.9% | +7.9% |
| 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 | 2020-06-15 | [Wheat Market Outlook – June 15th, 2020 \| Sask Wheat](https://feedsoft.ai/events/52650-wheat-market-outlook-june-15th-2020-sask-wheat.md) | -1.5% | -5.3% |

## Sources

- saskwheat.ca: https://saskwheat.ca/wheat-market-outlook/2020-08-31/

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