
Chicago wheat firmed as traders priced in weather risks in India and the U.S. Plains, which are challenging a global grain surplus. Corn and soybeans stayed weak under heavy supplies.
Heat in South Asia and dryness in the Plains tighten the wheat cushion, supporting wheat prices while feed grains lag.
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.
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.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.