Wheat Rallies on Bull Friendly USDA Report Data

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.

• Oct 1, 2021USDA Stocks Report: Don’t sleep on wheat usage+1.3%
• Apr 1, 2025CBOT wheat closes higher on USDA acreage data+0.4%
• May 12, 2026Wheat Rallies the Limit on Tuesday as USDA Releases Production Updates+4.5%
• Sep 30, 2021Soy stumbles on bearish USDA report+4.7%
• Sep 30, 2021Soybeans Plunge, Wheat Rallies on USDA Stocks and Production Changes+4.7%

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.

• Oct 1, 2021USDA Stocks Report: Don’t sleep on wheat usage+5.1%
• Jul 12, 2018Corn, Wheat Get Help From USDA Report+3.8%
• Sep 30, 2020A rarity: USDA report sparks broad rallies+2.5%
• Jan 12, 2021Grain prices soar on bullish USDA reports+2.3%
• Jun 12, 2018Futures rally on bullish corn, soybean data-0.9%