USDA sees 26pc drop in Australia's new-crop wheat

After 769 past bullish report events, Wheat (SRW) moved a median +0.2% over 5 sessions (53% higher; middle half -1.4% to +2.0%), and +0.2% over 20.

• Aug 13, 2018Australian wheat at unexpectedly high 22Mt: USDA - Grain Central-1.8%
• Apr 24, 2017Australian 2017 wheat crop forecast to reach 24 million tonnes: USDA report - Grain Central+2.4%
• Jul 13, 2020Global wheat prices soften in June: USDA - Grain Central-0.4%
• Aug 17, 2021USDA slashes global wheat production - Grain Central+0.1%
• Apr 29, 2026Australia’s wheat production forecast to drop | World Grain-3.1%

Not enough comparable past events yet for a historical read.

After 40 past neutral report events, Wheat (HRW) moved a median -0.9% over 5 sessions (38% higher; middle half -3.1% to +1.6%), and -0.5% over 20.

• May 13, 2025USDA forecasts Australian new-crop wheat at 31Mt - Grain Central+4.9%
• Jul 13, 2020Global wheat prices soften in June: USDA - Grain Central+0.3%
• Feb 23, 2018USDA sees mixed crop forecasts in 2018 | World-grain.com | February 23, 2018 15:54 | World Grain+12.8%
• May 19, 2020USDA: Wheat Stocks Drop, But Prices Hold+0.2%
• Nov 30, 2017USDA Reports Offer Early Snapshots of 2018/19 U.S. Winter Wheat Crop - U.S. Wheat Associates-1.8%