Dry conditions in US Plains expected to worsen if La Niña develops

After 322 past bullish weather events, Wheat (HRW) moved a median -0.1% over 5 sessions (49% higher; middle half -2.5% to +3.2%), and +1.0% over 20.

• Feb 8, 2018Dry conditions in the Plains could boost wheat prices | Capital Press-2.3%
• Jan 14, 2022La Niña Conditions Likely to Continue into Spring - AgWeb+4.4%
• Dec 15, 2017La Niña expected to continue through winter - Brownfield Ag News+5.4%
• May 12, 2026Wheat Extends Gains as Poor Weather Worsens US Crop Conditions - Bloomberg-2.3%
• Apr 4, 2022Persistent La Niña only needs to last until June to promote drought | World Grain+9.3%

After 1,072 past bullish weather events, Wheat (SRW) moved a median +0.2% over 5 sessions (55% higher; middle half -1.4% to +2.3%), and +0.3% over 20.

• Jun 21, 2023Dry weather conditions in early summer worsen crop prospects in the EU+9.4%
• Feb 8, 2018Dry conditions in the Plains could boost wheat prices | Capital Press-0.5%
• May 12, 2026Wheat Extends Gains as Poor Weather Worsens US Crop Conditions - Bloomberg-0.0%
• Jan 20, 2023Winter crops in fair to good condition, but frost tolerance remains weakly developed - Agroportal-2.9%
• Jul 26, 2018Feedgrain Focus: Prices rise as dry conditions add fuel to fire - Grain Central-1.5%