# Welch gives wheat market outlook for 2018 | texaswheat.org

> Texas A&M economist Mark Welch told the Texas Wheat Symposium that world wheat acres are expected to fall and demand is rising, so he is fairly bullish on 2018 wheat prices if yields are normal. He noted that record global yields in 2017 had pressured prices and that the northern Plains drought lifted prices from $3.89 in 2016 to about $4.60.

- Date: 2017-12-20 · published 2017-12-20T12:00:00.000Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/67517-welch-gives-wheat-market-outlook-for-2018-texaswheat-org
- Commodities: [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

A forecast of falling global carryover supports firmer wheat prices into 2018, which would raise feed wheat costs relative to corn if the outlook plays out.

## Read by commodity

- WHEAT: bullish ▲
- KWHEAT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| KWHEAT | 2022-01-24 | [2022 Price Outlook for Hard Red Winter and Soft Red Winter Wheat](https://feedsoft.ai/events/43177-2022-price-outlook-for-hard-red-winter-and-soft-red-winter-wheat.md) | +1.1% | +5.3% |
| KWHEAT | 2016-11-04 | [Farming News - Wheat Market Report: High Court ruling affects futures](https://feedsoft.ai/events/73888-farming-news-wheat-market-report-high-court-ruling-affects-futures.md) | -0.4% | -4.9% |
| KWHEAT | 2023-05-03 | [Turner's Take Ag Markets \| HRW Wheat Leads CBOT Higher](https://feedsoft.ai/events/7383-turner-s-take-ag-markets-hrw-wheat-leads-cbot-higher.md) | +17.5% | +2.5% |
| KWHEAT | 2026-01-28 | [Wheat Prices Rally as Dollar Dips; Todd Hubbs Weighs in on Crop Outlook and Policy Rumors - Oklahoma Farm Report](https://feedsoft.ai/events/21102-wheat-prices-rally-as-dollar-dips-todd-hubbs-weighs-in-on-crop-outlook-and.md) | +0.4% | +3.7% |
| KWHEAT | 2018-03-26 | [Goodbye, Kansas Wheat?](https://feedsoft.ai/events/66044-goodbye-kansas-wheat.md) | -2.5% | +0.8% |
| WHEAT | 2022-01-24 | [2022 Price Outlook for Hard Red Winter and Soft Red Winter Wheat](https://feedsoft.ai/events/43177-2022-price-outlook-for-hard-red-winter-and-soft-red-winter-wheat.md) | +1.0% | -1.4% |
| WHEAT | 2016-11-04 | [Farming News - Wheat Market Report: High Court ruling affects futures](https://feedsoft.ai/events/73888-farming-news-wheat-market-report-high-court-ruling-affects-futures.md) | +0.1% | +0.4% |
| WHEAT | 2023-05-03 | [Turner's Take Ag Markets \| HRW Wheat Leads CBOT Higher](https://feedsoft.ai/events/7383-turner-s-take-ag-markets-hrw-wheat-leads-cbot-higher.md) | -0.5% | -4.7% |

## Sources

- texaswheat.org: https://texaswheat.org/welch-gives-wheat-market-outlook-for-2018/

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