Setting the Stage for the 2024/25 World Wheat Crop

After 29 past neutral weather events, Wheat (HRW) moved a median +0.6% over 5 sessions (52% higher; middle half -1.9% to +2.3%), and -0.7% over 20.

• Dec 14, 2017World Wheat Conditions Roundup - U.S. Wheat Associates+5.9%
• Aug 5, 2021Checking the 2021/22 Global Wheat Crop Ahead of August WASDE Report+2.3%
• Mar 12, 2021US summer dryness in 2021 favors north central states | World Grain-1.5%
• Oct 25, 2021November and Winter Weather Outlooks for 2021 | Integrated Crop Management+1.5%
• Feb 2, 2023Drought threatens U.S. wheat production despite acreage bump+1.3%

After 224 past neutral weather events, Wheat (SRW) moved a median -0.1% over 5 sessions (46% higher; middle half -1.4% to +1.5%), and +0.4% over 20.

• Jun 8, 2023Hello, El Niño – What To Expect for the 2023 Crop - AgWeb-0.0%
• Jul 28, 2023French 2023 soft wheat crop pegged at 34.8mn t-0.1%
• Dec 22, 2021From Milling to Feed – the Downgraded Australian Wheat Crop-0.2%
• Apr 26, 2018Bumpy ride for wheat futures | The Land | NSW+2.9%
• Jul 18, 2023How will El Nino impact the world’s wheat and global food supply - The University of Sydney+2.0%