DROUGHT AND TWO WARS CREATE GRAIN SHORTAGE: On the brink of global famine

After 1,072 past bullish weather events, Wheat (SRW) moved a median +0.2% over 5 sessions (55% higher; middle half -1.4% to +2.3%), and +0.3% over 20.

• May 29, 2023Corn, Soybeans and Wheat in the Grips of Drought - AgWeb-1.4%
• Jan 28, 2019Global grain prices on the move | Farm Online | ACT+0.1%
• Mar 23, 2022Canadian farmers face drought threat as global wheat, canola prices soar+1.3%
• Sep 26, 2022Droughts, Ukraine war push global grain stocks toward worrying decade low+0.6%
• Feb 26, 2020Why drought-busting rain depends on the tropical oceans - Grain Central-0.2%

After 1,465 past bullish weather events, Corn moved a median +0.2% over 5 sessions (54% higher; middle half -1.4% to +1.9%), and +0.9% over 20.

• May 29, 2023Corn, Soybeans and Wheat in the Grips of Drought - AgWeb-4.6%
• Jun 22, 2023Central US drought intensifies, threatening grains and soy | Reuters-8.7%
• Jun 25, 2024A Tale Of Two Crops: Farmers Struggle Against Flooding And Drought - AgWeb-4.9%
• Sep 10, 2026Midwest Drought Expands: Heat Wave Threatens Crops | Feed & Grain+4.3%
• Sep 26, 2022Droughts, Ukraine war push global grain stocks toward worrying decade low-1.4%