Wheat prices shed nearly one percent as eyes fixed on Fed's minutes

After 69 past bearish macro events, Wheat (SRW) moved a median -0.5% over 5 sessions (35% higher; middle half -2.6% to +0.8%), and -0.7% over 20.

• Oct 24, 2016Wheat prices sink nearly three percent-2.0%
• Jun 28, 2016EU wheat prices weaken as firmer euro dents export outlook-2.7%
• Oct 27, 2026Wheat Prices Slip As A Stronger Dollar Tests Exports - Finimize-0.2%
• Nov 9, 2016Corn, wheat drop more than 1 percent as Trump wins White House - Agweek | #1 source for agriculture news, farming, markets+0.8%
• Oct 26, 2018U.S. wheat prices mostly about Russia these days | Oklahoma State University+0.8%

After 2,356 past bullish macro events, US Dollar (Broad) moved a median +0.2% over 5 sessions (60% higher; middle half -0.3% to +0.7%), and +0.4% over 20.

• Oct 24, 2016Wheat prices sink nearly three percent+0.2%
• Jun 21, 2016Corn prices crash nearly six percent in American trade+2.0%
• Jun 13, 2022ASX down nearly 4 per cent after Wall Street sell-off on inflation fears, S&P 500 falls into bear market - ABC News+1.0%
• Sep 23, 2021Gold prices ease as dollar firms on Fed rate hike comments | Financial Post+1.0%
• Aug 1, 2022Dollar near recent peaks as Fed looms, growth fears weigh+0.5%