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Wheat prices fell 1.8-2.2% at the start of the week as rain fell on winter wheat areas in the U.S., Ukraine and Russia, with more rain forecast. Chicago, Kansas City, Minneapolis and Paris May futures all declined, and Ukrainian export prices dropped by $6-8/ton.
Improved moisture reduces drought risk for winter wheat, which pressures futures and export quotes. Russian prices are supported by Turkish import-duty changes.
agroreview.comЛисенко МаріяMar 25, 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.
