
Wheat prices recovered slightly on November 14 after the prior week's decline, supported by possible crop adjustments in Argentina, Australia and Russia. Saudi SAGO bought 1 million tonnes of wheat in its sixth tender of the year, and US winter wheat planting reached 96%.
Saudi import demand provides support, but USDA's raised world production forecast and Black Sea supply uncertainty keep prices under pressure.
After 102 past bullish trade events, Wheat (HRW) moved a median 0.0% over 5 sessions (49% higher; middle half -2.0% to +3.5%), and -1.4% over 20.
After 431 past bullish trade events, Wheat (SRW) moved a median +0.0% over 5 sessions (50% higher; middle half -1.3% to +2.1%), and +0.5% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.