# Wheat Market Outlook – August 27th, 2018 | Sask Wheat

> The IGC's August report cut its 2018/19 global wheat production estimate by 5 million tonnes to 716 million tonnes. World ending stocks rose 1 million tonnes to 248 million because consumption was also lowered 5 million tonnes to 734 million.

- Date: 2018-08-27 · published 2018-08-27T12:00:00.000Z
- Category: report · region Global · magnitude medium
- Page: https://feedsoft.ai/events/63572-wheat-market-outlook-august-27th-2018-sask-wheat
- Commodities: [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

A smaller world crop with reduced consumption leaves a modestly tighter stocks outlook, supporting wheat prices, though the stocks increase limits the rally.

## Read by commodity

- WHEAT: bullish ▲
- KWHEAT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| 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 | 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 | 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 | 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 | 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 | 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) | +2.4% | +3.1% |
| WHEAT | 2020-07-27 | [Wheat Market Outlook – July 27th, 2020 \| Sask Wheat](https://feedsoft.ai/events/52148-wheat-market-outlook-july-27th-2020-sask-wheat.md) | +0.4% | -1.6% |
| WHEAT | 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) | -0.1% | +7.8% |

## Sources

- saskwheat.ca: https://saskwheat.ca/wheat-market-outlook/2018-08-27/

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