COVID-19 lifts prices despite big wheat stocks: USDA

After 88 past bullish report events, Rough Rice moved a median +0.0% over 5 sessions (50% higher; middle half -1.5% to +2.1%), and +2.5% over 20.

• Mar 31, 2025USDA reports mixed grain stocks, with wheat up and corn down-3.3%
• Jul 29, 2026USDA projects long-grain rice stocks down 52% this year+2.2%
• May 8, 2026Global food prices up for third straight month | World Grain+6.4%
• Dec 6, 2022Australia forecasts record wheat crop despite floods-1.9%
• Aug 21, 2020USDA - rice stocks drop - Brownfield Ag News+3.7%

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.

• Aug 17, 2021USDA slashes global wheat production - Grain Central-4.4%
• Jul 11, 2019Global Wheat Stocks Revised Lower, Boosting Prices+0.1%
• Jul 14, 2020Global wheat production on the decline - Grain Central-1.2%
• Oct 24, 2022Canada lifts grain price forecasts, as it upgrades wheat export hopes - Grain Price News-2.5%
• Sep 30, 2022Key data in USDA stocks and wheat harvest reports, and difference from market forecasts - Grain Price News-0.2%

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 13, 2020Global wheat prices soften in June: USDA - Grain Central-0.4%
• Aug 17, 2021USDA slashes global wheat production - Grain Central+0.1%
• Jul 3, 2017World crop outlook breathes life into wheat prices - Grain Central-0.1%
• May 11, 2018Record grain consumption drives stocks down : USDA - Grain Central-0.6%
• Dec 16, 2020Global wheat prices rises despite record stocks | Miller Magazine+0.7%