Drought forces Egypt to pay most for wheat since 2015

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.

• Jun 29, 2017Spring Wheat Surges the Most Since 2010 - Bloomberg+2.3%
• Apr 28, 2026Wheat Futures Surge to Highest Since 2024 on US Drought, Fertilizer Costs - Bloomberg-2.0%
• Mar 13, 2018Drought threat intensifies for U.S. Plains winter wheat crop-1.6%
• May 5, 2026Drought, frost provide lift for U.S. hard red wheat price | The Western Producer+1.8%
• Dec 16, 2017Drought leaves U.S. Plains wheat vulnerable to freeze damage+0.3%

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 13, 2018Drought threat intensifies for U.S. Plains winter wheat crop-7.6%
• May 5, 2026Drought, frost provide lift for U.S. hard red wheat price | The Western Producer-1.3%
• Mar 12, 2019Wheat Futures Climb Most Since August as Texas Ratings Decline+5.4%
• Dec 16, 2017Drought leaves U.S. Plains wheat vulnerable to freeze damage+1.1%