La Nina-Enhanced Drought Brings Slow Start to Winter Wheat

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.

• Apr 13, 2022U.S. Hard Red Winter Wheat in Drought Adds Supply Concerns+0.1%
• Mar 13, 2018Drought threat intensifies for U.S. Plains winter wheat crop-7.6%
• Dec 15, 2017La Niña expected to continue through winter - Brownfield Ag News+5.4%
• Dec 1, 2021Winter 2021-22: La Nina Sequel+1.0%
• Jul 25, 2018Drought forces Egypt to pay most for wheat since 2015 | FMT+9.2%

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.

• Apr 13, 2022U.S. Hard Red Winter Wheat in Drought Adds Supply Concerns-0.5%
• Mar 13, 2018Drought threat intensifies for U.S. Plains winter wheat crop-1.6%
• Sep 20, 2022Winter drought rolls into third La Niña for Argentina - Grain Central+0.4%
• Aug 10, 2018Drought slashes EU wheat, export surplus to be cut - AgCanada-2.9%
• Mar 7, 2018No Change in La Nina Drought Grip-0.2%