# Grain market roundtable: Wheat futures expected to trade sideways | Bakingbusiness.com | November 27, 2017 15:36 | Baking Business

> Market analysts expect wheat futures to trade mostly sideways for the coming months unless an unexpected Southern Hemisphere weather disaster occurs. The 2017 U.S. all-wheat crop was 1,741 million bushels, 25% smaller than 2016 and the smallest since 2002. USDA projects the 2018 carryover at 935 million bushels, down 21% from 2017.

- Date: 2017-11-27 · published 2017-11-27T12:00:00.000Z
- Category: report · region US · magnitude low
- Page: https://feedsoft.ai/events/68032-grain-market-roundtable-wheat-futures-expected-to-trade-sideways-bakingbusiness
- Commodities: [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

A much smaller U.S. crop and tighter projected stocks give some underlying support, but ample global supplies cap price gains.

## Read by commodity

- WHEAT: neutral
- KWHEAT: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| KWHEAT | 2016-11-10 | [Wheat \| World-grain.com \| November 10, 2016 20:14 \| World Grain](https://feedsoft.ai/events/73889-wheat-world-grain-com-november-10-2016-20-14-world-grain.md) | -0.4% | -3.6% |
| KWHEAT | 2020-11-30 | [Wheat Market Outlook – November 30th, 2020 \| Sask Wheat](https://feedsoft.ai/events/50198-wheat-market-outlook-november-30th-2020-sask-wheat.md) | -3.6% | +2.8% |
| KWHEAT | 2026-05-29 | [Wheat shipping costs rise via Pacific routes \| Feed & Grain](https://feedsoft.ai/events/16857-wheat-shipping-costs-rise-via-pacific-routes-feed-and-grain.md) | -4.5% | -4.8% |
| KWHEAT | 2024-09-23 | [Wheat Market Outlook – September 23, 2024 \| Sask Wheat](https://feedsoft.ai/events/5610-wheat-market-outlook-september-23-2024-sask-wheat.md) | +2.3% | +3.0% |
| KWHEAT | 2025-12-05 | [Wheat futures face December uncertainty](https://feedsoft.ai/events/21558-wheat-futures-face-december-uncertainty.md) | -2.6% | -1.7% |
| WHEAT | 2021-11-08 | [November WASDE neutral to bullish for grains - Agweek \| #1 source for agriculture news, farming, markets](https://feedsoft.ai/events/44005-november-wasde-neutral-to-bullish-for-grains-agweek-1-source-for-agriculture.md) | -1.8% | -2.2% |
| WHEAT | 2018-04-02 | [Grain market review: Wheat \| World-grain.com \| April 02, 2018 14:04 \| World Grain](https://feedsoft.ai/events/65546-grain-market-review-wheat-world-grain-com-april-02-2018-14-04-world-grain.md) | +1.6% | +5.2% |
| WHEAT | 2020-11-30 | [Wheat Market Outlook – November 30th, 2020 \| Sask Wheat](https://feedsoft.ai/events/50198-wheat-market-outlook-november-30th-2020-sask-wheat.md) | -0.9% | +8.3% |

## Sources

- bakingbusiness.com: https://www.bakingbusiness.com/articles/33073-grain-market-roundtable-wheat-futures-expected-to-trade-sideways

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