USDA slashes global wheat production

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.

• Jul 14, 2020Global wheat production on the decline - Grain Central+0.4%
• Jul 13, 2020Global wheat prices soften in June: USDA - Grain Central-0.4%
• Oct 14, 2024USDA adjusts global grain production forecasts | Feed & Grain-0.9%
• May 15, 2023USDA sees 26pc drop in Australia's new-crop wheat - Grain Central-1.6%
• Apr 14, 2020COVID-19 lifts prices despite big wheat stocks: USDA - Grain Central-2.1%

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.

• Jul 14, 2020Global wheat production on the decline - Grain Central-1.2%
• Oct 14, 2024USDA adjusts global grain production forecasts | Feed & Grain-3.9%
• Apr 14, 2020COVID-19 lifts prices despite big wheat stocks: USDA - Grain Central+0.3%
• Sep 19, 2018Weather Continues to Affect Global Wheat Production - U.S. Wheat Associates+1.2%
• Sep 30, 2021Soybeans Plunge, Wheat Rallies on USDA Stocks and Production Changes+4.7%