Wait for rain puts dampener on higher prices forecast

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.

• Oct 10, 2018Brazil corn production forecast higher | 2018-10-10 | World Grain+8.2%
• Mar 31, 2026CRMAgri - Latest - USDA Highlights: Wheat prices gain after US sowings forecast at lowest on record-0.7%
• May 5, 2021Prices higher, corn continues tight: IGC - Grain Central+5.2%
• Jul 10, 2026July WASDE data proved helpful for grain prices+0.9%
• Sep 30, 2022UPDATE 1-U.S. Wheat Harvest Falls Below Forecasts; Prices Rally+0.4%

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 31, 2026CRMAgri - Latest - USDA Highlights: Wheat prices gain after US sowings forecast at lowest on record-3.0%
• Jul 10, 2026July WASDE data proved helpful for grain prices+11.6%
• Sep 30, 2022UPDATE 1-U.S. Wheat Harvest Falls Below Forecasts; Prices Rally-0.2%
• Jul 30, 2021A new decline in crop forecasts for the US, Canada and Russia continued to raise wheat prices+2.5%
• Oct 24, 2022Canada lifts grain price forecasts, as it upgrades wheat export hopes - Grain Price News-2.5%