Wheat Futures Challenged to Maintain Current Uptrend

After 769 past bullish report events, WHEAT moved a median +0.2% over 5 sessions (53% higher; middle half -1.4% to +2.0%), and +0.2% over 20.

• Sep 30, 2020Spring Wheat Futures Face Technical Challenges+2.5%
• May 12, 2022Tightening US and World Wheat Supplies Send Wheat Futures Prices to Near Limit Gains+5.9%
• Sep 30, 2021U.S. grains: Wheat futures surge as supplies drop to 14-year low - Grainews+5.6%
• May 25, 2022Global Wheat Production Challenged Everywhere It Grows, Keeping Upward Pressure on Prices-1.3%
• Mar 3, 2020Wheat prices to increase slightly, coarse grains unchanged: ABARES - Grain Central+6.1%

After 180 past bullish report events, KWHEAT moved a median +0.4% over 5 sessions (53% higher; middle half -2.1% to +3.7%), and -0.6% over 20.

• Sep 30, 2020Spring Wheat Futures Face Technical Challenges+12.2%
• May 12, 2022Tightening US and World Wheat Supplies Send Wheat Futures Prices to Near Limit Gains+11.7%
• Sep 30, 2021U.S. grains: Wheat futures surge as supplies drop to 14-year low - Grainews+4.7%
• May 25, 2022Global Wheat Production Challenged Everywhere It Grows, Keeping Upward Pressure on Prices-8.8%
• Dec 14, 2017Wheat Futures Tumble, While Protein Premiums Soar - U.S. Wheat Associates+5.9%