# Wheat Market Outlook – March 17, 2025 | Sask Wheat

> The USDA's March world supply and demand report raised global wheat supply by 5.4 million mt, with production up 3.4 million mt led by Australia. Consumption rose 2.9 million mt and global trade fell 920,000 mt, with Russian exports cut by 1 million mt. Global ending stocks were still 3.5% below last year at 260.1 million mt.

- Date: 2025-03-17 · published 2025-03-17T12:00:00.000Z
- Category: report · region Global · magnitude medium
- Page: https://feedsoft.ai/events/5623-wheat-market-outlook-march-17-2025-sask-wheat
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md), [Barley](https://feedsoft.ai/c/BARLEY.md)

## Why it matters

Larger global supplies and lower trade from Russia point to a mixed balance, with more exporter stocks weighing on prices but reduced Russian shipments offering some support. Ample supply from Australia and Argentina tends to cap wheat export prices.

## Read by commodity

- WHEAT: bearish ▼
- BARLEY: neutral
- KWHEAT: bearish ▼

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| KWHEAT | 2025-03-16 | 1 | +5.6% | 3.3 | The USDA report cut Russian exports by 1 million mt and showed ending stocks still below last year, which supports prices, though higher global supply is partly offsetting. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 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) | -0.7% | -1.8% |
| WHEAT | 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) | -3.2% | -2.3% |
| WHEAT | 2023-05-08 | [Wheat Market Outlook – May 8th, 2023 \| Sask Wheat](https://feedsoft.ai/events/35989-wheat-market-outlook-may-8th-2023-sask-wheat.md) | -2.1% | -5.3% |
| 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 | 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% |
| 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 | 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 | 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% |

## Sources

- saskwheat.ca: https://saskwheat.ca/wheat-market-outlook/wheat-market-outlook-march-17-2025/

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