Global wheat harvest to fall for first time in six years: IGC

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.

• May 8, 2020SA’s harvest estimate for 2019-20 tops at 6.5Mt - Grain Central-2.3%
• Jul 13, 2020Global wheat prices soften in June: USDA - Grain Central-0.4%
• Aug 9, 2024France heading to one of worst wheat harvests in 40 years+0.2%
• Nov 3, 2020Grains, oilseeds prices six-year high: IGC - Grain Central+0.4%
• Feb 18, 2020Australia says 2019/20 wheat harvest drops to lowest in 12 years-0.9%

Not enough comparable past events yet for a historical read.

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 26, 2022Argentine corn sowings to fall for first time in 9 years, as farmers switch to soy - Grain Price News-5.4%
• Nov 3, 2020Grains, oilseeds prices six-year high: IGC - Grain Central+0.0%
• Jul 24, 2020Wheat stock record, US maize trimmed: IGC - Grain Central-1.9%
• Feb 27, 2018Global grain figures hold bullish tone - Grain Central+1.6%
• Feb 1, 2017World stockfeed production eclipses one billion tonnes for first time - Grain Central-0.1%