Weather Continues to Affect Global Wheat Production

After 769 past bullish report events, Wheat (SRW) moved a median +0.2% over 5 sessions (53% higher; middle half -1.4% to +2.0%), and +0.2% over 20.

• Apr 19, 2018Competing for Acres: 2018/19 Global Wheat Production to Fall - U.S. Wheat Associates+0.3%
• Mar 22, 2018Global Winter Wheat Condition a Mixed Bag - U.S. Wheat Associates+0.1%
• Apr 4, 2019Revenue Potential, Weather Conditions to Cut U.S. Spring Wheat Area - U.S. Wheat Associates+3.0%
• Jun 29, 2017World Wheat Production to Decline in 2017/18 - U.S. Wheat Associates+2.3%
• Feb 22, 2018Early Estimates Expect 2018/19 Wheat Production to Fall in the Black Sea - U.S. Wheat Associates+1.3%

After 180 past bullish report events, Wheat (HRW) moved a median +0.4% over 5 sessions (53% higher; middle half -2.1% to +3.7%), and -0.6% over 20.

• Mar 22, 2018Global Winter Wheat Condition a Mixed Bag - U.S. Wheat Associates-1.0%
• Jun 29, 2017World Wheat Production to Decline in 2017/18 - U.S. Wheat Associates+15.0%
• Jun 28, 2018Strong Demand Pushes Global Wheat Prices Higher - U.S. Wheat Associates+4.7%
• Aug 17, 2021USDA slashes global wheat production - Grain Central-4.4%
• Jan 25, 2018Global Supplies of High Protein Wheat Keep Tightening - U.S. Wheat Associates+7.9%

After 1,040 past bullish report events, Corn moved a median +0.5% over 5 sessions (62% higher; middle half -0.9% to +2.0%), and +0.8% over 20.

• Apr 19, 2018Competing for Acres: 2018/19 Global Wheat Production to Fall - U.S. Wheat Associates+0.4%
• Nov 11, 2016Farming News - Global wheat production up - leads to new record stocks-3.6%
• May 13, 2022USDA: U.S. Corn Production to Drop 4.3%-1.0%
• Sep 17, 2025France Updates Wheat and Corn Production Forecasts for 2025-0.9%
• Jun 13, 2018Wheat Prices Rally on Lower U.S. Winter Wheat Production Estimate - Northern Ag Network-4.1%