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Jun 9, 2022REPORTUS

Quiet June WASDE likely to focus on U.S. wheat

Analysts preview the June 2022 WASDE report, expecting U.S. wheat production forecasts to be the main source of price volatility. The May report showed a shortfall in hard red winter wheat in the Southern Plains, and analysts expect those losses to keep mounting.

WHY IT MATTERS

Expected further hard red winter wheat losses, if confirmed by USDA, would support wheat prices and could tighten feed wheat supplies.

AFFECTSWheat (HRW)▲

SOURCE
farmprogress.comJacqueline HollandJun 9, 2022

Price reaction & history

Wheat (HRW)▲bullishSO FAR1d -0.1%5d -1.9%20d -17.7%

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

Jul 12, 2021Wheat takes center stage in July WASDE+8.8%
Jun 10, 2022June WASDE: More hard red wheat losses push up prices-0.5%
Dec 11, 2020The Surprise Winner of WASDE Is Wheat+1.3%
May 20, 2026Global Wheat Outlook & WASDE Balance Sheet-4.8%
May 27, 2021World Wheat Market Factors to Watch in the New U.S. Marketing Year+4.3%

Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.

Wheat (HRW) KWHEAT · GP ▸

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