How sustainable is wheat price recovery?

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.

• Apr 30, 2023A glimpse into the new wheat season – a global perspective+1.9%
• Jul 17, 2018Global wheat crop set to tumble | The Land | NSW+2.9%
• Jul 11, 2019Global Wheat Stocks Revised Lower, Boosting Prices+0.4%
• Dec 16, 2020Global wheat prices rises despite record stocks | Miller Magazine+0.7%
• Jul 14, 2020Global wheat production on the decline - Grain Central+0.4%

After 1,040 past bullish report events, Corn moved a median +0.5% over 5 sessions (62% higher; middle half -0.9% to +2.0%), and +0.8% over 20.

• Jul 17, 2018Global wheat crop set to tumble | The Land | NSW-0.7%
• Nov 11, 2016Farming News - Global wheat production up - leads to new record stocks-3.6%
• Apr 1, 2021UK feed wheat price rises after surprise in global market - Farmers Weekly+0.1%
• Aug 19, 2021Global Wheat Stocks-to-Use Ratio Supports Bullish Prices Outlook-1.0%
• Oct 28, 2021What Futures Remain Fundamentally Bullish » Trilateral - Perspectives You Can Price On+4.1%