Wheat turns up: Dry weather and a weak dollar drive up

After 1,072 past bullish weather events, Wheat (SRW) moved a median +0.2% over 5 sessions (55% higher; middle half -1.4% to +2.3%), and +0.3% over 20.

• Apr 25, 2018Wheat hits two-week high on dry US weather+3.5%
• May 31, 2018Weather conditions drive up prices for wheat — Latifundist.com+0.2%
• May 29, 2018Wheat prices are rising because of the hot and dry weather-0.9%
• May 29, 2018Global weather concerns drive demand | The Land | NSW-0.9%
• May 16, 2016Dry weather and weaker dollar lifts grain prices | Queensland Country Life | QLD-0.7%

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.

• Apr 25, 2018Wheat hits two-week high on dry US weather+8.1%
• May 31, 2018Weather conditions drive up prices for wheat — Latifundist.com-0.2%
• May 29, 2018Wheat prices are rising because of the hot and dry weather-7.5%
• May 29, 2018Global weather concerns drive demand | The Land | NSW-7.5%
• Dec 17, 2021Drought and Demand Drive the 2022 Wheat Outlook - AgWeb+7.2%

After 13 past bearish weather events, US Dollar (Broad) moved a median -0.2% over 5 sessions (38% higher; middle half -0.8% to +0.3%), and -0.3% over 20.

• Jan 6, 2025U.S. grains: Chicago corn surges to six-month high on weaker dollar, Argentina weather - AgCanada+0.3%
• Mar 6, 2026Soybeans, corn, wheat see more support from drop in the dollar - Brownfield Ag News+0.2%
• Nov 21, 2023Soybeans up for 2nd session on Brazilian dryness; wheat rebounds - Markets - Business Recorder-0.6%
• Jan 28, 2026Wheat Futures Jump to 8-Week High+0.4%
• May 29, 2020Wheat quotations on us exchanges rose sharply-1.4%