Wheat Futures Surge After U.S. Crop Pummeled by Snowstorm

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.

• Apr 28, 2026Wheat Futures Surge to Highest Since 2024 on US Drought, Fertilizer Costs - Bloomberg+2.3%
• Mar 2, 2018Wheat futures surge - Grain Central-2.1%
• May 12, 2022Wheat Prices Spike as US Sees War, Adverse Weather Hurting Crops - Bloomberg+11.7%
• Oct 20, 2020Wheat’s Drought Battle and Surging Demand: Why Prices Are Flying - Bloomberg-2.0%
• May 12, 2026Wheat Extends Gains as Poor Weather Worsens US Crop Conditions - Bloomberg-2.3%

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 23, 2026Heat Worries US Wheat Farmers Just as Crop Prices Surge - Bloomberg-2.5%
• Apr 28, 2026Wheat Futures Surge to Highest Since 2024 on US Drought, Fertilizer Costs - Bloomberg-2.0%
• Mar 2, 2018Wheat futures surge - Grain Central+0.5%
• May 12, 2022Wheat Prices Spike as US Sees War, Adverse Weather Hurting Crops - Bloomberg+5.9%
• Jun 29, 2017Spring Wheat Surges the Most Since 2010 - Bloomberg+2.3%