# Commodity price trends: August 2017 | Product News | British Baker

> Mintec's August 2017 commodity price update shows Canadian milling wheat up 13.5% month-on-month on hot, dry weather that is cutting its 2017/18 crop forecast by 11%. EU milling wheat rose 7.3% on concern over US production, which is forecast down 24% year-on-year. EU butter and skim milk powder also hit high levels.

- Date: 2017-07-28 · published 2017-07-28T12:00:00.000Z
- Category: weather · region Global · magnitude medium
- Page: https://feedsoft.ai/events/7129-commodity-price-trends-august-2017-product-news-british-baker
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Lower Canadian and US crop forecasts tighten world wheat supply and push import prices up. Weather-driven shortfalls support the wheat complex.

## Read by commodity

- WHEAT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2017-03-14 | [Commodity price trends: March 2017 \| Product News \| British Baker](https://feedsoft.ai/events/11208-commodity-price-trends-march-2017-product-news-british-baker.md) | -1.6% | +0.9% |
| WHEAT | 2018-03-05 | [Weather to blame for falling farmer incomes and production, commodity forecaster ABARES says - ABC News](https://feedsoft.ai/events/65949-weather-to-blame-for-falling-farmer-incomes-and-production-commodity-forecaster.md) | +0.8% | +0.6% |
| WHEAT | 2023-09-28 | [Risks to global food commodity prices from El Niño](https://feedsoft.ai/events/33997-risks-to-global-food-commodity-prices-from-el-nino.md) | -5.3% | -2.5% |
| WHEAT | 2018-09-03 | [Feed prices ‘unsustainable’ as tough market conditions impact egg producer margins - FarmingUK News](https://feedsoft.ai/events/63040-feed-prices-unsustainable-as-tough-market-conditions-impact-egg-producer.md) | +4.3% | -1.9% |
| WHEAT | 2024-12-05 | [Wheat prices higher amid Russian quality concerns - Brownfield Ag News](https://feedsoft.ai/events/27013-wheat-prices-higher-amid-russian-quality-concerns-brownfield-ag-news.md) | +1.1% | +1.9% |

## Sources

- bakeryinfo.co.uk: https://bakeryinfo.co.uk/prices/commodity-price-trends-august-2017/623882.article

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