# Wheat Market Outlook – September 24th, 2018 | Sask Wheat

> A weekly Saskatchewan wheat outlook reports that USDA's September figures show global wheat production down 3% from last year to a four-year low. The largest declines are in the European Union and Russia, which together fall by 28 million tonnes. Benchmark elevator and export prices are also provided.

- Date: 2018-09-24 · published 2018-09-24T12:00:00.000Z
- Category: report · region Global · magnitude low
- Page: https://feedsoft.ai/events/63068-wheat-market-outlook-september-24th-2018-sask-wheat
- Commodities: [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

A four-year low in world wheat output, led by the EU and Russia, tightens export supplies and supports wheat values. Lower world supply may also push feed buyers toward corn and barley substitutes.

## Read by commodity

- WHEAT: bullish ▲
- KWHEAT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| KWHEAT | 2024-11-18 | [Wheat Market Outlook – November 18, 2024 \| Sask Wheat](https://feedsoft.ai/events/27454-wheat-market-outlook-november-18-2024-sask-wheat.md) | +2.6% | +3.6% |
| 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 | 2020-11-16 | [Wheat Market Outlook – November 16th, 2020 \| Sask Wheat](https://feedsoft.ai/events/50199-wheat-market-outlook-november-16th-2020-sask-wheat.md) | -0.3% | +4.9% |
| KWHEAT | 2024-04-29 | [Wheat Market Outlook – April 29, 2024 \| Sask Wheat](https://feedsoft.ai/events/30780-wheat-market-outlook-april-29-2024-sask-wheat.md) | +2.1% | +11.6% |
| KWHEAT | 2021-01-29 | [Winter 2021 Wheat Supply and Demand Outlook](https://feedsoft.ai/events/49176-winter-2021-wheat-supply-and-demand-outlook.md) | -1.2% | -0.2% |
| WHEAT | 2024-11-18 | [Wheat Market Outlook – November 18, 2024 \| Sask Wheat](https://feedsoft.ai/events/27454-wheat-market-outlook-november-18-2024-sask-wheat.md) | -0.6% | +0.3% |
| WHEAT | 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) | +2.1% | +0.2% |
| WHEAT | 2020-11-16 | [Wheat Market Outlook – November 16th, 2020 \| Sask Wheat](https://feedsoft.ai/events/50199-wheat-market-outlook-november-16th-2020-sask-wheat.md) | -2.8% | +1.3% |

## Sources

- saskwheat.ca: https://saskwheat.ca/wheat-market-outlook/2018-09-24/

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