Wheat Supply Lowered: Impact of China's Economic Stimulus

After 57 past bullish macro events, Wheat (SRW) moved a median +0.3% over 5 sessions (65% higher; middle half -0.5% to +1.7%), and -0.7% over 20.

• Dec 15, 2022U.S. soybean futures fall; corn, wheat firm with focus on economy | Reuters-1.1%
• Jul 12, 2024Global demand exceeds crop supply, says economist | The Western Producer-3.9%
• Mar 23, 2020Feedgrain Focus: Exports, weaker $A lift values - Supply Chain Council of European Union | Scceu.org-6.6%
• Aug 2, 2018Australian volume needed as Asia seeks extra 20Mt of wheat - Grain Central+3.5%
• Mar 18, 2020U.S. corn skids 2.2% to lowest level since September 2016; wheat, soy rise | Financial Post-5.7%

After 78 past neutral macro events, Corn moved a median +0.3% over 5 sessions (55% higher; middle half -1.1% to +1.6%), and -0.6% over 20.

• Dec 15, 2022U.S. soybean futures fall; corn, wheat firm with focus on economy | Reuters+2.2%
• Sep 6, 2019China cuts reserve ratio as it boosts stimulus amid trade woes | The National-1.8%
• Sep 20, 2019China cuts new loan rate for second month but struggling economy likely needs more+1.7%
• Apr 3, 2020Grim reality of severe global economic recession slams meat industry | The Pig Site-0.6%
• Jul 17, 2020Economic recovery hinges on virus control, consumer confidence | Western Livestock Journal-0.2%