# Wheat Market Outlook – September 30th, 2019 | Sask Wheat

> The Sask Wheat weekly outlook for September 30, 2019 reports the International Grains Council lowered its global wheat consumption estimate by 1 million tonnes to 757 million tonnes, still 18 million tonnes above last year. World production was left unchanged at 764 million tonnes.

- Date: 2019-09-30 · published 2019-09-30T12:00:00.000Z
- Category: report · region Global · magnitude low
- Page: https://feedsoft.ai/events/57115-wheat-market-outlook-september-30th-2019-sask-wheat
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md)

## Why it matters

A consumption cut with unchanged production points to a slightly looser world wheat balance, which is mildly bearish for wheat prices and cheap feed wheat supply.

## Read by commodity

- WHEAT: bearish ▼
- KWHEAT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| 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 | 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% |
| WHEAT | 2017-11-27 | [Wheat Market Outlook – November 27th, 2017 \| Sask Wheat](https://feedsoft.ai/events/68034-wheat-market-outlook-november-27th-2017-sask-wheat.md) | +0.4% | +0.6% |
| WHEAT | 2019-04-01 | [Wheat Market Outlook – April 1st, 2019 \| Sask Wheat](https://feedsoft.ai/events/59644-wheat-market-outlook-april-1st-2019-sask-wheat.md) | -5.3% | -8.2% |
| 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 | 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/2019-09-30/

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