USDA Reports Provides First Look Into 2023/24 Crop Year

After 180 past bullish report events, Wheat (HRW) moved a median +0.4% over 5 sessions (53% higher; middle half -2.1% to +3.7%), and -0.6% over 20.

• Mar 8, 2021WHEAT SCOOP: First look into 2021/22 wheat marketing year-3.6%
• Jan 10, 2025Annual Crop Production Summary & Winter Wheat Seeding Reports Published by USDA - Oklahoma Farm Report-0.4%
• May 11, 2017Rural News Crop report pegs cut in global wheat production next year, but record stocks set to remain-0.3%
• Aug 13, 2018No surprises in USDA report | Farm Online | ACT+0.9%
• May 31, 2023USDA lowers ag trade forecast for FY 2023 | Agri-Pulse Communications, Inc.+4.7%

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.

• Mar 8, 2021WHEAT SCOOP: First look into 2021/22 wheat marketing year-2.8%
• May 14, 2026Markets React as USDA Releases First Look at 2026/27 Estimates+0.7%
• Jun 1, 2026USDA Releases First New-Crop Estimates in Today's WASDE-2.6%
• Feb 9, 2017USDA Reports Flash+0.1%
• Apr 24, 2017Australian 2017 wheat crop forecast to reach 24 million tonnes: USDA report - Grain Central+2.4%