Tides May be Turning in the Global Wheat Trade

After 431 past bullish trade events, Wheat (SRW) moved a median +0.0% over 5 sessions (50% higher; middle half -1.3% to +2.1%), and +0.5% over 20.

• Jan 13, 2021First rice, now wheat: India rides on global grain trade bandwagon | India News - The Indian Express+1.4%
• Jun 21, 2023The Wheat Marketing Year in Review+9.4%
• Jul 10, 2018Global trade war to be a boon for Black Sea grain+2.2%
• May 23, 2018In the black: Asian flour mills turn to Black Sea region for wheat-0.0%
• Dec 1, 2020Global Trade War a Boon for Black Sea Grain | Feed & Grain+9.5%

After 102 past bullish trade events, Wheat (HRW) moved a median 0.0% over 5 sessions (49% higher; middle half -2.0% to +3.5%), and -1.4% over 20.

• Jun 21, 2023The Wheat Marketing Year in Review+0.2%
• Dec 7, 2019The U.S. is competitive in the wheat export market+3.0%
• Dec 13, 2016Futures up in week of wheat gains | VIC+4.2%
• Feb 21, 2018Egypt's GASC Buys 120,000 Tonnes Wheat In Tender+3.7%
• Jan 23, 2019China may buy up to 7 million tons of U.S. wheat-1.9%