◂ Event Timeline

Sep 30, 2024REPORTUS

Wheat Trending Higher to Kick Off Monday

Wheat futures were slightly higher on Monday morning after Friday losses across Chicago, Kansas City and Minneapolis, with December Chicago up 11.5 cents on the week. Analysts expect USDA's Small Grains Summary to cut all-wheat production by 16 million bushels to 1.966 billion.

WHY IT MATTERS

Expected USDA production cuts and a smaller EU crop estimate support wheat prices ahead of the report.

AFFECTSWheat (HRW)▲Wheat (SRW)▲

SOURCE
barchart.comAustin SchroederSep 30, 2024

Price reaction & history

Wheat (HRW)▲bullishSO FAR1d +1.2%5d +3.7%20d -0.8%

After 180 past bullish report events, Wheat (HRW) moved a median +0.4% over 5 sessions (53% higher; middle half -2.1% to +3.7%), and -0.6% over 20.

Mar 31, 2025Wheat Pops Higher on Lower Acreage+1.0%
Nov 18, 2020International Issues Pushing Wheat Prices Higher+1.5%
Jan 18, 2017US wheat stocks to remain high | VIC-2.3%
Apr 1, 2025CBOT wheat closes higher on USDA acreage data+0.4%
Jan 25, 2018Global Supplies of High Protein Wheat Keep Tightening - U.S. Wheat Associates+7.9%

Wheat (SRW)▲bullishSO FAR1d +0.4%5d +0.6%20d -6.3%

After 769 past bullish report events, Wheat (SRW) moved a median +0.2% over 5 sessions (53% higher; middle half -1.4% to +2.0%), and +0.2% over 20.

Mar 31, 2025Wheat Pops Higher on Lower Acreage-1.5%
Nov 18, 2020International Issues Pushing Wheat Prices Higher-2.6%
Sep 30, 2020Wheat closes over 5% higher after USDA report+2.5%
Apr 1, 2025CBOT wheat closes higher on USDA acreage data-0.8%
Aug 9, 2024France heading to one of worst wheat harvests in 40 years+0.2%

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.

Wheat (HRW) KWHEAT · GP ▸

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Wheat (SRW) WHEAT · GP ▸

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