Wheat spread reaches seven-month high amid rising US crop concerns

After 322 past bullish weather events, Wheat (HRW) moved a median -0.1% over 5 sessions (49% higher; middle half -2.5% to +3.2%), and +1.0% over 20.

• Feb 27, 2018U.S. grains: Wheat hits seven-month high on crop ratings - Grainews+11.7%
• Apr 28, 2026Corn, Wheat Make Near Term Highs on Global Crop Concerns: Soybeans See Profit Taking - AgWeb+2.3%
• Dec 5, 2024Wheat prices higher amid Russian quality concerns - Brownfield Ag News+4.4%
• Oct 17, 2019Crop Quality Concerns, Minimal Farmer Selling Drive U.S. Spring Wheat Export Prices - U.S. Wheat Associates-0.4%
• Apr 5, 2023USA: Wheat Spread Hits Record As Drought Plagues Midwest-1.0%

After 224 past neutral weather events, Wheat (SRW) moved a median -0.1% over 5 sessions (46% higher; middle half -1.4% to +1.5%), and +0.4% over 20.

• Mar 26, 2026Wheat spread hits one-year high as drought fears grow in US plains+0.1%
• Jun 12, 2019Weather Concerns Impacting Wheat Market | Red River Farm Network-5.3%
• Jun 25, 2021Corn, wheat, soy steady as US crop prospects assessed - Markets - Business Recorder-0.2%
• Feb 18, 2025Wheat eases from 4-month highs, soybean flat - Markets - Business Recorder-0.3%
• Jan 7, 2020Wheat Market Update: EU And Russia Crop Risks+1.5%