Tightening US and World Wheat Supplies Send Wheat Futures Prices to Near Limit Gains

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.

• Sep 30, 2021U.S. grains: Wheat futures surge as supplies drop to 14-year low - Grainews+5.6%
• Nov 2, 2017U.S. High-Protein Wheat Supplies Tightening - U.S. Wheat Associates+0.3%
• Jan 25, 2018Global Supplies of High Protein Wheat Keep Tightening - U.S. Wheat Associates+0.7%
• May 28, 2026Analyst insight: UK grain supplies tightening | AHDB-2.8%
• Oct 23, 2026UK wheat and barley supplies tighten after challenging 2026 harvest - Farmers Guide-0.6%

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.

• Sep 30, 2021U.S. grains: Wheat futures surge as supplies drop to 14-year low - Grainews+4.7%
• Nov 2, 2017U.S. High-Protein Wheat Supplies Tightening - U.S. Wheat Associates+2.8%
• Jan 25, 2018Global Supplies of High Protein Wheat Keep Tightening - U.S. Wheat Associates+7.9%
• Dec 6, 2018Wheat prices: locked and loaded0.0%
• May 27, 2021World Wheat Market Factors to Watch in the New U.S. Marketing Year+4.3%