COMMODITIES 2026: Russian wheat output expected to fall as farmers pivot to oilseeds

After 769 past bullish report events, WHEAT moved a median +0.2% over 5 sessions (53% higher; middle half -1.4% to +2.0%), and +0.2% over 20.

• Jul 12, 2022French wheat crop to dip by more than 2.5m tonnes, as farmers switch to oilseeds - Grain Price News+7.2%
• Apr 19, 2018Competing for Acres: 2018/19 Global Wheat Production to Fall - U.S. Wheat Associates+0.3%
• Jun 19, 2018Wheat/barley price prospects on the rise; oilseeds to fall: ABARES - Grain Central-0.7%
• Jan 21, 2017Wheat and oilseed rape prices rise as pound remains weak - Farmers Weekly-1.3%
• Jul 6, 2022Winter crop production expected to be above average with high global prices - Australasian Farmers' & Dealers' Journal-5.1%

After 180 past bullish report events, KWHEAT moved a median +0.4% over 5 sessions (53% higher; middle half -2.1% to +3.7%), and -0.6% over 20.

• Jun 12, 2018U.S. grains: Wheat surges after USDA cuts Russian output estimate - Grainews-6.6%
• May 15, 2023Wasde: Tighter supply outlooks as global wheat output returns to norms - Fastmarkets-7.6%
• Sep 30, 2022GRAINS-Wheat Soars on U.S. Output Cuts, Russian Annexation of Ukraine Land-0.2%
• May 12, 2026Canadian wheat rises to its highest price since June 2025 tracking futures rally | S&P Global+4.5%
• May 20, 2026USDA releases first cut of the 2026/27 global wheat balance sheet… - Grain Brokers Australia-4.8%