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CBOT wheat slipped during April 18-24 as improving crop prospects weighed on prices. SRW wheat fell 19.4 cents over the week to 529.2 cents per bushel.
Rains across the US Southern Plains and better outlooks for Russian winter wheat kept buyers defensive.
Better weather lifts expected supply from the US and Russia, which pressures wheat prices lower and gives feed buyers cheaper wheat as a feed grain alternative.
ukragroconsult.comApr 29, 2025After 334 past bearish weather events, WHEAT 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, KWHEAT 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.
