
FAPRI's 2019-2028 Baseline Outlook projects the U.S. average wheat price at $5.19/bu for 2019/20 through 2028/29, with a range of $5.03 to $5.31. An Oklahoma State commentary notes that Oklahoma wheat has averaged 22 cents below the U.S. price over the last decade.
Long-run projections of subdued wheat prices reflect expected ample supply and do not give a near-term price signal for feed buyers.
After 40 past neutral report events, Wheat (HRW) moved a median -0.9% over 5 sessions (38% higher; middle half -3.1% to +1.6%), and -0.5% over 20.
After 406 past neutral report events, Wheat (SRW) moved a median -0.2% over 5 sessions (47% higher; middle half -1.6% to +1.5%), and +0.0% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.