Initial 2024/25 Estimates Add To Bullish Market Sentiment

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.

• Dec 15, 2021Adjusting to USDA Estimates in a Record-Setting Marketing Year+4.5%
• Jan 15, 2020Markets react as USDA reduces production estimates | The Rural | Wagga Wagga, NSW-0.9%
• Apr 29, 2024Wheat Market Outlook – April 29, 2024 | Sask Wheat+2.1%
• May 12, 2026USDA May 12 Bullish Wheat, Supportive Beans, Neutral Corn - ADM Investor Services+4.5%
• Jun 10, 2020Commercial U.S. Wheat Export Sales Top USDA Estimate - U.S. Wheat Associates-4.3%

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.

• Dec 15, 2021Adjusting to USDA Estimates in a Record-Setting Marketing Year+4.2%
• Nov 4, 2024EU cuts 2024/25 maize, soft wheat crop estimates+0.1%
• Mar 23, 2020COCERAL cuts 2020 EU grain estimate market report-6.6%
• May 13, 2024WASDE update: Supportive grain estimates for 2024/25 | articles | ING THINK+0.8%
• Aug 13, 2021August WASDE Report Indicates Bullish Corn Markets - ProAg+1.6%