China Brief 96 | Worst weather in a decade disrupts China's crops, Exports to China surge and more Canada West FoundationCanada West Foundation

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.

• Jul 20, 2017Exceptional Drought Returns to Montana and North Dakota for First Time in More Than a Decade | The Weather Channel-2.7%
• May 5, 2020UK to see smallest wheat crops in decades: Carr’s Flour monthly Wheat Report-1.7%
• Nov 5, 2020French grain exports to China increase as Black Sea prices surge | S&P Global+0.4%
• Jan 6, 2025U.S. grains: Chicago corn surges to six-month high on weaker dollar, Argentina weather - AgCanada-1.5%
• May 5, 2022Dry weather in France will cause irreversible damage to crops -Expert-0.2%

After 322 past bullish weather events, Wheat (HRW) moved a median -0.1% over 5 sessions (49% higher; middle half -2.5% to +3.2%), and +1.0% over 20.

• Jul 20, 2017Exceptional Drought Returns to Montana and North Dakota for First Time in More Than a Decade | The Weather Channel-4.9%
• May 5, 2020UK to see smallest wheat crops in decades: Carr’s Flour monthly Wheat Report+2.5%
• Feb 26, 2026Wheat export declared amid looming weather risk to crop+2.3%
• May 22, 2024Black Sea, Canadian wheat prices surge on weather, crop fears | S&P Global+2.6%
• Aug 30, 2021Exports to bear brunt of short crop | The Western Producer+0.4%