European wheat looks good, but dryness worries persist

After 334 past bearish weather events, Wheat (SRW) moved a median -0.2% over 5 sessions (47% higher; middle half -1.9% to +1.7%), and -0.2% over 20.

• Oct 22, 2018Alberta feed market flooded with grain | The Western Producer+0.6%
• Mar 22, 2017Good weather increases pressure on the wheat exchange+2.2%
• Dec 4, 2019India's wettest monsoon in 25 years could yield record 2020 wheat output | The Western Producer-3.6%
• Apr 26, 2017Canola up on planting woes, market eyes weather, trade policy | The Western Producer+3.3%
• Jul 27, 2026CBOT review: Soybeans, grains fall with crude oil | The Western Producer-2.4%

After 70 past bearish weather events, Wheat (HRW) moved a median -0.6% over 5 sessions (41% higher; middle half -3.9% to +2.5%), and -1.1% over 20.

• Nov 16, 2023Winter wheat crop gets off to good start in U.S. | The Western Producer-3.9%
• Mar 22, 2017Good weather increases pressure on the wheat exchange-3.3%
• May 17, 2024Forecasts of a good wheat harvest in the US and the EU continue to lower stock prices+5.6%
• Oct 31, 2024Wheat Futures Lose Ground as Rainfall Eases Dryness-0.3%
• Apr 18, 2018Wheat prices fall on US rain, but dry threat remains for winter crop | Farm Online | ACT+2.5%