# Wheat Market Outlook – July 15, 2024 | Sask Wheat

> The July WASDE raised 2024/25 global wheat production by 5.4 million tonnes to 796 million, led by a larger US crop, and lifted ending stocks to 257 million. Canadian spring wheat conditions improved to 90 percent good or excellent, and Sept Chicago, KC and Minneapolis wheat futures all fell during the week.

- Date: 2024-07-15 · published 2024-07-15T12:00:00.000Z
- Category: report · region Global · magnitude medium
- Page: https://feedsoft.ai/events/9370-wheat-market-outlook-july-15-2024-sask-wheat
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md)

## Why it matters

Higher global output and strong Canadian crop conditions add supply and weigh on wheat prices heading into harvest.

## Read by commodity

- WHEAT: bearish ▼
- KWHEAT: bearish ▼

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| KWHEAT | 2024-07-14 | 1 | -8.0% | -4.0 | The July WASDE raised global wheat production and stocks, and wheat futures fell during the week, which confirms the bearish fundamental backdrop, though the article is dated after the move. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2020-06-15 | [Wheat Market Outlook – June 15th, 2020 \| Sask Wheat](https://feedsoft.ai/events/52650-wheat-market-outlook-june-15th-2020-sask-wheat.md) | -1.5% | -5.3% |
| WHEAT | 2025-06-30 | [Wheat Market Outlook – June 30, 2025 \| Sask Wheat](https://feedsoft.ai/events/24270-wheat-market-outlook-june-30-2025-sask-wheat.md) | -0.7% | -1.8% |
| WHEAT | 2025-03-17 | [Wheat Market Outlook – March 17, 2025 \| Sask Wheat](https://feedsoft.ai/events/5623-wheat-market-outlook-march-17-2025-sask-wheat.md) | +5.3% | +2.5% |
| WHEAT | 2021-06-07 | [Wheat Market Outlook – June 7th, 2021 \| Sask Wheat](https://feedsoft.ai/events/46642-wheat-market-outlook-june-7th-2021-sask-wheat.md) | +1.2% | -2.1% |
| WHEAT | 2020-06-29 | [Wheat Market Outlook – June 29th, 2020 \| Sask Wheat](https://feedsoft.ai/events/52643-wheat-market-outlook-june-29th-2020-sask-wheat.md) | -6.5% | -4.5% |
| KWHEAT | 2025-06-30 | [Wheat Market Outlook – June 30, 2025 \| Sask Wheat](https://feedsoft.ai/events/24270-wheat-market-outlook-june-30-2025-sask-wheat.md) | -1.5% | +1.9% |
| KWHEAT | 2025-03-17 | [Wheat Market Outlook – March 17, 2025 \| Sask Wheat](https://feedsoft.ai/events/5623-wheat-market-outlook-march-17-2025-sask-wheat.md) | +2.7% | -1.0% |
| KWHEAT | 2020-06-29 | [Wheat Market Outlook – June 29th, 2020 \| Sask Wheat](https://feedsoft.ai/events/52643-wheat-market-outlook-june-29th-2020-sask-wheat.md) | +2.7% | +4.3% |

## Sources

- saskwheat.ca: https://saskwheat.ca/wheat-market-outlook/wheat-market-outlook-july-15-2024/

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