USDA WASDE predicts $4.70 average wheat price

After 1,006 past bearish report events, WHEAT moved a median +0.0% over 5 sessions (50% higher; middle half -1.6% to +1.8%), and +0.3% over 20.

• Jul 22, 2026CSIRO predicts well above average national wheat yield-1.8%
• Jan 14, 2021USDA Predicts Increase in India’s Wheat, Rice Exports | IASPOINT+1.4%
• Mar 10, 2022WASDE Predicts Increase in Wheat Stocks | Red River Farm Network-3.3%
• Oct 13, 2016USDA WASDE Report at a Glance+1.7%
• Dec 9, 2025WASDE: USDA data gives corn prices a modest bump+0.0%

After 138 past bearish report events, KWHEAT moved a median +0.0% over 5 sessions (50% higher; middle half -2.9% to +2.4%), and +0.5% over 20.

• Jan 12, 2018WADSE wallops wheat prices-2.9%
• May 14, 2025USDA forecasts lower wheat, corn, sorghum prices for 2025/26+6.8%
• Sep 30, 2025Wheat Falling as USDA Raises Production-2.5%
• May 17, 2024U.S. grains: CBOT wheat drops as Kansas tour projects above-average crop - Grainews+5.6%
• Oct 9, 2026Wheat Faces Friday Pressure as USDA Raises Stocks-0.9%