Global wheat output may drop 24 million tonnes next season on Iran war, El Nino impacts

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

• May 13, 2026Geopolitical crisis, weather may help India export 2 mt of wheat, says USDA - The HinduBusinessLine+0.9%
• Apr 30, 2023A glimpse into the new wheat season – a global perspective+1.9%
• Jan 22, 2025Global wheat carryover stocks in 2025 to hit nine-year low: USDA - Milling Middle East & Africa Magazine - No.1 Grains Industry Magazine & Website for Africa & the Middle East+3.1%
• Aug 14, 2024India’s role as key supplier in global grains market has shrunk, says USDA - The HinduBusinessLine-6.3%
• Jul 14, 2020Global wheat production on the decline - Grain Central+0.4%

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.

• May 13, 2026Geopolitical crisis, weather may help India export 2 mt of wheat, says USDA - The HinduBusinessLine-1.4%
• Apr 30, 2023A glimpse into the new wheat season – a global perspective+9.0%
• Jan 22, 2025Global wheat carryover stocks in 2025 to hit nine-year low: USDA - Milling Middle East & Africa Magazine - No.1 Grains Industry Magazine & Website for Africa & the Middle East-2.5%
• Jul 14, 2020Global wheat production on the decline - Grain Central-1.2%
• Apr 18, 2017New Season Wheat Yield In The EU To Grow-3.5%