Wheat prices fell again by 2.2-4.8% on the background of increased acreage in Canada

After 138 past bearish report events, KWHEAT moved a median +0.0% over 5 sessions (50% higher; middle half -2.9% to +2.4%), and +0.5% over 20.

• 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%
• Jul 29, 2024Wheat prices in the US fell to the lowest level since 2020+2.6%
• Nov 26, 2024Improved crop condition in the US and accelerated harvest in Australia and Argentina increase pressure on wheat prices-4.0%
• Aug 26, 2020Wheat acreage decline - AG INFORMATION NETWORK OF THE WEST+8.8%
• Dec 19, 2023Increasing forecasts of wheat harvest and exports from Canada lowers quotations in the US+2.4%

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

• 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%
• Oct 8, 2019The increase in wheat prices reduces demand+4.5%
• Jul 29, 2024Wheat prices in the US fell to the lowest level since 2020-4.2%
• Nov 26, 2024Improved crop condition in the US and accelerated harvest in Australia and Argentina increase pressure on wheat prices-0.1%
• Aug 26, 2020Wheat acreage decline - AG INFORMATION NETWORK OF THE WEST-1.7%