# Wheat figures on track for decline - International Milling Directory

> Chicago wheat futures were headed for their biggest weekly decline since early September, pressured by competition from the Black Sea region and higher Chinese output. The IGC raised its 2018/19 world wheat production forecast to 728.8 million tonnes, though still below last season's 767.1 million.

- Date: 2018-10-26 · published 2018-10-26T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/62577-wheat-figures-on-track-for-decline-international-milling-directory
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md)

## Why it matters

Larger Russian supplies and a stronger dollar weigh on US wheat export competitiveness, pushing prices lower, though analysts expect supplies to tighten next year.

## Read by commodity

- SOY: bearish ▼
- CORN: bearish ▼
- WHEAT: bearish ▼
- KWHEAT: bearish ▼

## Sources

- internationalmilling.com: https://www.internationalmilling.com/wheat-figures-on-track-for-decline/

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