Bad outlook for U.S. winter wheat crop gets worse

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.

• Jan 29, 2021Winter 2021 Wheat Supply and Demand Outlook-9.7%
• Jun 20, 2019Few bright spots in winter crop outlook | Meat & Livestock Australia+7.9%
• Jul 3, 2017World crop outlook breathes life into wheat prices - Grain Central-0.1%
• Jun 20, 2018Feed grain price update and winter crop outlook | Meat & Livestock Australia-0.5%
• May 29, 2026Wheat growers bear brunt of fall in 2026-27 winter crop-2.6%

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.

• Jan 29, 2021Winter 2021 Wheat Supply and Demand Outlook-1.2%
• May 20, 2026Global Wheat Outlook & WASDE Balance Sheet-4.8%
• Mar 22, 2018Global Winter Wheat Condition a Mixed Bag - U.S. Wheat Associates-1.0%
• Nov 18, 2024Wheat Market Outlook – November 18, 2024 | Sask Wheat+2.6%
• Oct 1, 2021Wheat Comes Out as Winner of USDA's Sept. 30 Reports+1.3%