WMR-U.S. Hard Red Winter Production Recovers in 2024

After 138 past bearish report events, Wheat (HRW) moved a median +0.0% over 5 sessions (50% higher; middle half -2.9% to +2.4%), and +0.5% over 20.

• Nov 1, 2019Good Milling and End-Product Performance is Available in 2019 Hard Red Winter Wheat Supplies+1.2%
• Jan 12, 2023Corn and soybean production down in 2022, USDA reports Corn stocks down, soybean stocks down from year earlier Winter Wheat Seedings up for 2023+1.2%
• Mar 18, 2021The higher forecast production in the new season lowers the price of wheat old crop-4.1%
• Feb 5, 2019USW Reports on World Wheat Production and Exports - U.S. Wheat Associates-3.3%
• Oct 3, 2019Production Update: USDA Confirms High U.S. Wheat Yields Offset Reduced Planted Area - U.S. Wheat Associates+1.8%

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.

• Sep 30, 2022Hard Red Winter Wheat production lowest since 1957 - Oklahoma Farm Report+0.4%
• Aug 10, 2017USDA Forecasts Record-High Soybean Production in 2017-0.2%
• May 12, 2026Lowest Hard Red Winter Wheat Production Since 1957 Highlighted in Latest WASDE Report - Oklahoma Farm Report+2.0%
• Jul 22, 2021India’s grain production to reach new record highs | World Grain-1.2%
• Jun 5, 2026Australia's winter crop production forecast to be down 21 per cent-0.4%