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Wheat futures have been pressured by favourable weather across major producing regions, notably Australia, Argentina and South Africa. Southern Hemisphere yields are expected to be good, with harvests underway or upcoming.
Good Southern Hemisphere production adds to global supply during the Northern Hemisphere off-season, keeping downward pressure on wheat prices.
world-grain.comDrew LernerNov 12, 2025After 334 past bearish weather events, Wheat (SRW) moved a median -0.2% over 5 sessions (47% higher; middle half -1.9% to +1.7%), and -0.2% over 20.
After 70 past bearish weather events, Wheat (HRW) moved a median -0.6% over 5 sessions (41% higher; middle half -3.9% to +2.5%), and -1.1% 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.
