U.S. Grain Buyers Grab for High-Protein Wheat

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

• May 30, 2017Early U.S. winter wheat harvest supports low-protein fears - Grainews-1.7%
• Jun 15, 2017Premiums for Protein on the Rise - U.S. Wheat Associates+2.2%
• Feb 27, 2018U.S. grains: Wheat hits seven-month high on crop ratings - Grainews+11.7%
• Feb 17, 2021U.S. grains: Wheat climbs to one-week high on frigid U.S. weather - AgCanada+0.5%
• Apr 17, 2023Feeling Bullish About Wheat Prices Again? - Alberta Grains-4.3%

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

• May 30, 2017Early U.S. winter wheat harvest supports low-protein fears - Grainews-0.5%
• Jun 15, 2017Premiums for Protein on the Rise - U.S. Wheat Associates+0.4%
• Aug 8, 2017Wheat production forecast down: NAB - Grain Central+0.5%
• Feb 27, 2018U.S. grains: Wheat hits seven-month high on crop ratings - Grainews+2.4%
• Feb 17, 2021U.S. grains: Wheat climbs to one-week high on frigid U.S. weather - AgCanada+0.8%