# Wheat Market Outlook – October 28th, 2019 | Sask Wheat

> The International Grains Council lowered its global 2019/20 wheat crop outlook by 2 million tonnes to 762 million tonnes, still 29 million above last year. Most of the cut was in Australia, down 2.1 million to 17 million tonnes, with Argentina also under pressure.

- Date: 2019-10-28 · published 2019-10-28T12:00:00.000Z
- Category: report · region Global · magnitude medium
- Page: https://feedsoft.ai/events/56599-wheat-market-outlook-october-28th-2019-sask-wheat
- Commodities: [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

A smaller southern hemisphere crop tightens global wheat supplies and supports export prices for feed and milling wheat buyers.

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| 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% |
| KWHEAT | 2017-03-27 | [Wheat Market Outlook – March 27th, 2017 \| Sask Wheat](https://feedsoft.ai/events/72045-wheat-market-outlook-march-27th-2017-sask-wheat.md) | -1.8% | -6.1% |
| 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 | 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 | 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) | +2.3% | +3.0% |
| 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 | 2023-10-30 | [Wheat Market Outlook – October 30th, 2023 \| Sask Wheat](https://feedsoft.ai/events/33676-wheat-market-outlook-october-30th-2023-sask-wheat.md) | +2.3% | +0.4% |
| 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% |

## Sources

- saskwheat.ca: https://saskwheat.ca/wheat-market-outlook/2019-10-28/

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