US wheat futures rose on Thursday, with Chicago SRW up about 5.5 cents and Kansas City HRW up 4.75 cents, supported by a USDA weekly export report showing 558,201 tons shipped in the week ending January 22, about 22% above last year. Japan, Mexico and Nigeria were the largest buyers.
Euronext March wheat gained to €191.25/t.
Strong US export sales and a five-year-high November export pace support US wheat prices, though global supply pressure limits the rally.
After 431 past bullish trade events, Wheat (SRW) moved a median +0.0% over 5 sessions (50% higher; middle half -1.3% to +2.1%), and +0.5% over 20.
After 102 past bullish trade events, Wheat (HRW) moved a median 0.0% over 5 sessions (49% higher; middle half -2.0% to +3.5%), and -1.4% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.