Wheat prices drop despite tighter ending stocks

After 1,006 past bearish report events, Wheat (SRW) moved a median +0.0% over 5 sessions (50% higher; middle half -1.6% to +1.8%), and +0.3% over 20.

• Aug 29, 2019Germany expects larger wheat crop despite heatwave | The Western Producer-3.2%
• Oct 29, 2025Large wheat supply pressures prices | The Western Producer-2.8%
• Jun 26, 2025Big global wheat crop expected to pressure prices | The Western Producer+3.0%
• Dec 12, 2022Wheat prices fall despite a downgrade in the USDA’s global production forecast+10.5%
• Jun 12, 2023USDA Increases Corn, Soybean, Wheat Ending Stocks - ProAg+1.1%

After 138 past bearish report events, Wheat (HRW) moved a median +0.0% over 5 sessions (50% higher; middle half -2.9% to +2.4%), and +0.5% over 20.

• Oct 29, 2025Large wheat supply pressures prices | The Western Producer+3.2%
• Jun 26, 2025Big global wheat crop expected to pressure prices | The Western Producer-0.3%
• Apr 20, 2017Record wheat stocks mean lower prices-1.1%
• Jun 18, 2024USDA reports provide mixed signals for wheat market | The Western Producer-4.9%
• Aug 13, 2024Despite lower production and inventory forecasts in the USDA report, wheat exchange prices fell-1.4%