Sask Wheat's weekly wheat market outlook analyzes domestic and global factors that impact wheat prices and market access for Saskatchewan wheat producers. As of Aug. 5, 2025, Ty Kehrig and Derek Squair of Exceed Grain Marketing provide a weekly report of the wheat market summary.
MARKET OUTLOOK - WHEATWheat futures remain under pressure from weak U.S. export demand and larger corn inventories, although strong Canadian exports and continued Black Sea disruptions are supporting the physical market. With harvest nearly complete, attention is shifting toward final crop quality and potential milling wheat premiums. We encourage producers to have representative samples tested to identify marketing opportunities. Once quality is known, producers should begin to place targets for cash grain sales that fit their cost of production, cashflow and logistics timelines as we get into prime grain hauling months. Our outlook remains cautiously optimistic for Canadian cash wheat values, particularly for higher-quality supplies.
MARKET OUTLOOK - DURUM
Durum markets remain supported by strong Canadian export movement, currently more than 68 per cent ahead of last year, alongside increasing evidence of variable crop quality. Preliminary grading results now place just 58.7 per cent of sampled durum in the top two grades, as buyers assess available inventories. However, global supplies remain relatively comfortable, and projected Canadian ending stocks are still above last year's levels, limiting expectations for a broad market rally. We encourage producers to test protein, test weight and HVK before selling, while carefully comparing buyer-specific premiums and delivery opportunities. Our outlook remains cautiously constructive, particularly for higher-quality No. 1 and No. 2 durum.
If readers are interested in a comprehensive list of global report calendar. Follow the link attached.
https://exceedgrainmarketing.com/2026-global-major-report-release-calendar (https://exceedgrainmarketing.com/2026-global-major-report-release-calendar/)
19 Oct 2026
Wheat Market Outlook - October 19, 2026
MARKET OUTLOOK - WHEAT
Wheat futures remain under pressure from weak U.S. export demand and larger corn inventories, although strong Canadian exports and continued Black Sea disruptions are supporting the physical market. With harvest nearly complete, attention is shifting toward final crop quality and potential milling wheat premiums. We encourage producers to have representative samples tested to identify marketing opportunities. Once quality is known, producers should begin to place targets for cash grain sales that fit their cost of production, cashflow and logistics timelines as we get into prime grain hauling months. Our outlook remains cautiously optimistic for Canadian cash wheat values, particularly for higher-quality supplies.
MARKET OUTLOOK - DURUMThe durum market remains focused on quality, with Canadian exports well ahead of last year and St. Lawrence values strengthening toward USD $335/t. Although global supplies remain comfortable, variable grading could support premiums for higher-quality milling durum. We encourage producers to test protein, test weight and HVK before selling. Our outlook remains cautiously constructive.
If readers are interested in a comprehensive list of global report calendar. Follow the link attached.
https://exceedgrainmarketing.com/2026-global-major-report-release-calendar/ (https://exceedgrainmarketing.com/2026-global-major-report-release-calendar/)
13 Oct 2026
Wheat Market Outlook - October 13, 2026
MARKET OUTLOOK - WHEAT
Wheat futures continue to struggle for sustained upside following Friday's USDA WASDE, which highlighted weaker U.S. export demand and larger corn inventories. However, the physical market remains more encouraging, with Canadian wheat exports running well ahead of last year and ongoing Black Sea disruptions creating opportunities for competing exporters. With Western Canadian harvest nearing completion, attention is shifting toward final grain quality and the availability of milling-grade wheat and durum. We encourage producers to have representative samples tested so we can identify appropriate marketing opportunities, particularly where falling number, protein or grading discounts may influence returns. Our outlook remains cautiously optimistic toward Canadian cash wheat markets, Canadian export demand, Black Sea developments and emerging quality premiums will be key factors to monitor in the weeks ahead.
MARKET OUTLOOK - DURUMDurum markets remain focused on quality, with Canadian exports running more than 80 per cent ahead of last year and St. Lawrence export values strengthening toward USD $335/t. While global supplies remain comfortable, uncertainty surrounding Canadian grade distribution could support premiums for higher-quality milling durum. We encourage producers to test samples for protein, test weight and HVK before committing sales. Our outlook remains cautiously constructive, with export demand, final grading results and potential quality premiums being the key factors to watch.
If readers are interested in a comprehensive list of global report calendar. Follow the link attached.
https://exceedgrainmarketing.com/2026-global-major-report-release-calendar/ (https://exceedgrainmarketing.com/2026-global-major-report-release-calendar/)
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