Increasing forecasts of wheat harvest and exports from Canada lowers quotations in the US

After 1,006 past bearish report events, Wheat (SRW) moved a median +0.0% over 5 sessions (50% higher; middle half -1.6% to +1.8%), and +0.3% over 20.

• Jun 22, 2022Accelerating harvesting in the United States and raising harvest forecasts for Russia are lowering wheat prices 22.06.2022 - UkrAgroConsult+1.8%
• Mar 18, 2021The higher forecast production in the new season lowers the price of wheat old crop+0.9%
• Aug 13, 2024Despite lower production and inventory forecasts in the USDA report, wheat exchange prices fell-6.7%
• Mar 3, 2025Australia increases wheat harvest forecast to 34.1 mln tons-3.4%
• May 31, 2023Wheat prices fell by 2.5-4.7% against the background of the acceleration of sowing in the USA and an increase in crop forecasts in the EU and the Russia-3.2%

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.

• Mar 18, 2021The higher forecast production in the new season lowers the price of wheat old crop-4.1%
• Aug 13, 2024Despite lower production and inventory forecasts in the USDA report, wheat exchange prices fell-1.4%
• May 31, 2023Wheat prices fell by 2.5-4.7% against the background of the acceleration of sowing in the USA and an increase in crop forecasts in the EU and the Russia+4.7%
• Oct 2, 2023Quotations for American wheat have updated the next lows+1.5%
• Nov 26, 2024Improved crop condition in the US and accelerated harvest in Australia and Argentina increase pressure on wheat prices-4.0%