U.S. wheat prices surge in wake of Russia-Ukraine conflict

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.

• Jun 9, 2020U.S. Farmers Planting Less Wheat, But Sowings of Winter Varieties Stay Stable | Economic Research Service-3.2%
• Jun 12, 2018U.S. grains: Wheat surges after USDA cuts Russian output estimate - Grainews-6.6%
• Sep 30, 2022GRAINS-Wheat Soars on U.S. Output Cuts, Russian Annexation of Ukraine Land-0.2%
• Jul 30, 2021A new decline in crop forecasts for the US, Canada and Russia continued to raise wheat prices+2.5%
• Nov 20, 2019Wheat prices rose on the results of the tender and data on crops in the United States+1.6%

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.

• May 16, 2024Ukraine’s Rise in Grain and Sunflower Seed Market Share Limited by Ongoing War | Economic Research Service+19.1%
• Jun 9, 2020U.S. Farmers Planting Less Wheat, But Sowings of Winter Varieties Stay Stable | Economic Research Service-1.0%
• Sep 30, 2022GRAINS-Wheat Soars on U.S. Output Cuts, Russian Annexation of Ukraine Land+0.4%
• Jun 12, 2018U.S. grains: Wheat surges after USDA cuts Russian output estimate - Grainews-0.9%
• Jul 30, 2021A new decline in crop forecasts for the US, Canada and Russia continued to raise wheat prices+1.6%