CBOT wheat prices rise amid moisture shortage in the Black Sea region

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.

• Jul 22, 2021Barley prices in Ukraine accelerated growth amid a sharp rise in the price of wheat and corn --1.2%
• Sep 22, 2020Drought hampering Black Sea crop sowing sparks light in wheat prices | The Land | NSW+5.6%
• Sep 28, 2020Russia’s wheat prices reverse, will Black Sea dryness help wheat bulls? - The Sizov Report blog+6.7%
• Nov 1, 2021Black Sea corn, wheat prices soar up: Agritel — Latifundist.com+9.3%
• May 29, 2018Wheat prices are rising because of the hot and dry weather-0.9%

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.

• Sep 22, 2020Drought hampering Black Sea crop sowing sparks light in wheat prices | The Land | NSW-0.9%
• Sep 28, 2020Russia’s wheat prices reverse, will Black Sea dryness help wheat bulls? - The Sizov Report blog+7.2%
• May 18, 2023Wheat Tour Sees Short Crop; Black Sea Grain Deal Prevents Rally-8.3%
• May 29, 2018Wheat prices are rising because of the hot and dry weather-7.5%
• May 22, 2024Black Sea, Canadian wheat prices surge on weather, crop fears | S&P Global+2.6%