After a 5-day fall, wheat prices rose on forecasts of heat in the US and the EU 19.07.2022

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.

• Nov 30, 2023Forecasts of a decrease in the production of wheat and rapeseed in the EU in 2024/25 MY support quotations+1.2%
• Jul 28, 2022India: First wheat, now rice — hit by bad weather, output could fall by ‘10 mn tonnes’ this season 28.07.2022 - UkrAgroConsult+4.6%
• Sep 27, 2022Agriculture Weather Watch: No Respite For Argentinian Wheat Despite Rain Forecast 27.09.2022 - UkrAgroConsult+1.8%
• Nov 1, 2022Markets in tizzy as wet weather threatens Australian milling wheat prospects 01.11.2022 - UkrAgroConsult+7.3%
• Sep 24, 2020Wheat prices rose because of lower production forecast for Argentina+6.7%

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.

• May 29, 2018Wheat prices are rising because of the hot and dry weather-7.5%
• Jun 6, 2023Wheat prices are recovering amid increased demand and lower crop forecasts-3.1%
• May 15, 2019The price of wheat in the United States and Europe has increased dramatically+8.5%
• Jun 22, 2026After drought and wildfires, wheat farmers in the Great Plains are in for a rough year | HPPR-5.1%
• Feb 14, 2023Wheat prices are supported by forecasts of a reduced harvest next season-0.9%

Not enough comparable past events yet for a historical read.