# Wheat Market Outlook – October 2nd, 2023 | Sask Wheat

> Ukraine shipped 632.5k metric tons of wheat in September, about half of August's volume, because exports have been restricted since Russia cancelled the Black Sea Trade Corridor. The weekly Sask Wheat outlook also reviewed world wheat fundamentals and benchmark prices at Saskatchewan elevators and Vancouver export positions.

- Date: 2023-10-02 · published 2023-10-02T12:00:00.000Z
- Category: geopolitics · region Black Sea · magnitude medium
- Page: https://feedsoft.ai/events/7140-wheat-market-outlook-october-2nd-2023-sask-wheat
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Restricted Black Sea shipments reduce Ukrainian export availability and keep risk premiums in world wheat prices. The net price effect depends on how exports recover against ample supplies elsewhere.

## Read by commodity

- WHEAT: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2022-02-25 | [Feed weekly outlook: Prices steady, but changes coming - AgCanada](https://feedsoft.ai/events/6314-feed-weekly-outlook-prices-steady-but-changes-coming-agcanada.md) | +9.4% | +23.7% |
| WHEAT | 2025-12-03 | [Grain Market Report 3rd December - Irish Farmers' Association](https://feedsoft.ai/events/12533-grain-market-report-3rd-december-irish-farmers-association.md) | -1.5% | -1.4% |
| WHEAT | 2026-04-02 | [Commodities market update: unrest and high prices • De Molenaar](https://feedsoft.ai/events/19834-commodities-market-update-unrest-and-high-prices-de-molenaar.md) | -1.7% | +1.6% |
| WHEAT | 2024-02-26 | [Ukraine and global agricultural markets two years later \| IFPRI](https://feedsoft.ai/events/8027-ukraine-and-global-agricultural-markets-two-years-later-ifpri.md) | -4.4% | -4.2% |
| WHEAT | 2022-11-05 | [Rollercoaster week for wheat. What happens next? - ABC News](https://feedsoft.ai/events/7287-rollercoaster-week-for-wheat-what-happens-next-abc-news.md) | +7.3% | -2.3% |

## Sources

- saskwheat.ca: https://saskwheat.ca/wheat-market-outlook/2023-10-02/

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