Wheat quotations on world exchanges rose by 2-2.6% after updating multi-year lows

Not enough comparable past events yet for a historical read.

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.

• May 27, 2021World Wheat Market Factors to Watch in the New U.S. Marketing Year+4.3%
• May 12, 2026Report Reaction | Wheat futures surge after USDA pegs production well below trade expectations - Pro Farmer+4.5%
• Sep 30, 2021Soybeans Plunge, Wheat Rallies on USDA Stocks and Production Changes+4.7%
• Oct 31, 2024CBOT wheat firms again on worse than expected winter wheat conditions - AgriInsite-0.3%
• Jan 12, 2017U.S. farmers cut winter wheat acres to 108-year low - Manitoba Co-operator+2.4%

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.

• May 18, 2024French wheat conditions hold at 4-year low, maize planting picks up - AgriInsite+19.7%
• Dec 15, 2025Corn, wheat export inspections maintain faster than last year paces - Brownfield Ag News-0.3%
• May 6, 2021India's 2021-22 wheat exports seen 26% lower on year at 2 mil mt: USDA attache | S&P Global+4.6%
• Mar 29, 2024EU sees soft wheat production falling to four-year low in 2024/25-1.3%
• May 27, 2021World Wheat Market Factors to Watch in the New U.S. Marketing Year-1.6%