# Wheat in focus as fierce competition, oversupply weigh on prices – Dailynewsegypt

> The USDA raised its estimate for 2017/18 global wheat production to a record 755 million metric tonnes, its fifth consecutive annual increase. US wheat ending stocks were raised by 25 million bushels on lower exports, with Canadian competition cited. Analysts expect prices to face pressure in 2018 from ample supplies and competition among major exporters.

- Date: 2018-01-08 · published 2018-01-08T12:00:00.000Z
- Category: report · region Global · magnitude medium
- Page: https://feedsoft.ai/events/66932-wheat-in-focus-as-fierce-competition-oversupply-weigh-on-prices-dailynewsegypt
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md)

## Why it matters

Record global output and heavier competition from Canada, Russia and the EU point to continued pressure on wheat export prices. Feed buyers can expect cheap wheat to remain a substitute for corn in rations.

## Read by commodity

- WHEAT: bearish ▼
- KWHEAT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2016-11-30 | [Wheat prices drop over one percent in American trade](https://feedsoft.ai/events/10694-wheat-prices-drop-over-one-percent-in-american-trade.md) | +3.7% | +3.5% |
| WHEAT | 2024-04-04 | [Corn and soybean prices extend losses on oversupply forecasts](https://feedsoft.ai/events/30757-corn-and-soybean-prices-extend-losses-on-oversupply-forecasts.md) | +3.6% | +1.0% |
| WHEAT | 2020-05-13 | [USDA forecasts intense competition on wheat, corn - Grain Central](https://feedsoft.ai/events/53176-usda-forecasts-intense-competition-on-wheat-corn-grain-central.md) | -0.4% | +0.5% |
| WHEAT | 2018-08-30 | [Wheat Prices Rising On Global Supply Issues](https://feedsoft.ai/events/63586-wheat-prices-rising-on-global-supply-issues.md) | +4.7% | -1.6% |
| WHEAT | 2025-12-05 | [Record Canadian crop weigh on rapeseed prices: Grain market daily \| AHDB](https://feedsoft.ai/events/21605-record-canadian-crop-weigh-on-rapeseed-prices-grain-market-daily-ahdb.md) | -1.6% | -1.1% |
| KWHEAT | 2020-05-13 | [USDA forecasts intense competition on wheat, corn - Grain Central](https://feedsoft.ai/events/53176-usda-forecasts-intense-competition-on-wheat-corn-grain-central.md) | -8.7% | -5.4% |
| KWHEAT | 2025-11-11 | [Surging wheat output weighing on prices \| World Grain](https://feedsoft.ai/events/21998-surging-wheat-output-weighing-on-prices-world-grain.md) | +0.3% | -1.3% |
| KWHEAT | 2017-02-02 | [Wheat producers facing below cost of production prices](https://feedsoft.ai/events/72524-wheat-producers-facing-below-cost-of-production-prices.md) | +0.3% | +4.5% |

## Sources

- dailynewsegypt.com: https://dailynewsegypt.com/2018/01/08/wheat-focus-fierce-competition-oversupply-weigh-prices/

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