Improved crop condition in the US and accelerated harvest in Australia and Argentina increase pressure on wheat prices

After 1,006 past bearish report events, Wheat (SRW) moved a median +0.0% over 5 sessions (50% higher; middle half -1.6% to +1.8%), and +0.3% over 20.

• Aug 2, 2024Precipitation improved the prospects for the wheat harvest in Australia+4.8%
• May 31, 2023Wheat prices fell by 2.5-4.7% against the background of the acceleration of sowing in the USA and an increase in crop forecasts in the EU and the Russia-3.2%
• Nov 28, 2024Wheat markets fall: Harvest pressure from Argentina and+0.2%
• Jun 22, 2022Accelerating harvesting in the United States and raising harvest forecasts for Russia are lowering wheat prices 22.06.2022 - UkrAgroConsult+1.8%
• Oct 20, 2025Australia’s wheat production outlook improves as harvest begins - AgCanada+0.7%

After 138 past bearish report events, Wheat (HRW) moved a median +0.0% over 5 sessions (50% higher; middle half -2.9% to +2.4%), and +0.5% over 20.

• May 31, 2023Wheat prices fell by 2.5-4.7% against the background of the acceleration of sowing in the USA and an increase in crop forecasts in the EU and the Russia+4.7%
• Jun 26, 2025Big global wheat crop expected to pressure prices | The Western Producer-0.3%
• Dec 19, 2023Increasing forecasts of wheat harvest and exports from Canada lowers quotations in the US+2.4%
• Aug 7, 2020High wheat production ensures Australia’s grain security in COVID era - Grain Central+1.9%
• Jun 29, 2023Wheat prices fell again by 2.2-4.8% on the background of increased acreage in Canada+5.3%