Outlook Dims for Global Spring Wheat Production

After 1,072 past bullish weather events, WHEAT moved a median +0.2% over 5 sessions (55% higher; middle half -1.4% to +2.3%), and +0.3% over 20.

• Feb 17, 2022Dry Conditions Continue Affecting Global Wheat Production+3.9%
• Jun 1, 2018Even with lower HRW Outlook, U.S. Wheat Production called up for 2018/+0.3%
• Jun 19, 2018Wheat production forecasts diminishing | The Land | NSW-0.7%
• Mar 9, 2022US Winter Wheat Production Won’t Ease Tight Global Supplies-3.1%
• Aug 8, 2017Wheat production forecast down: NAB - Grain Central+0.5%

After 322 past bullish weather events, KWHEAT moved a median -0.1% over 5 sessions (49% higher; middle half -2.5% to +3.2%), and +1.0% over 20.

• Jun 1, 2018Even with lower HRW Outlook, U.S. Wheat Production called up for 2018/+0.4%
• Mar 9, 2022US Winter Wheat Production Won’t Ease Tight Global Supplies-2.4%
• Aug 2, 2023Weather woes, Russia upend outlook for global wheat suppliers | Reuters-4.2%
• May 26, 2020Wheat production concerns in Europe spook markets - Grain Central+4.0%
• Dec 13, 2018Global Production Continues to Decrease Due to Weather Problems in Australia and Russia - U.S. Wheat Associates+5.1%