Wheat hits two-week high on dry US weather

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.

• Feb 17, 2021U.S. grains: Wheat climbs to one-week high on frigid U.S. weather - AgCanada+0.5%
• Feb 16, 2021Wheat at one-week high as freezing US weather in focus - Markets - Business Recorder+4.5%
• Apr 30, 2018Wheat rises 2% past $5 on disruptive US weather+4.6%
• Jan 28, 2026Wheat Futures Jump to 8-Week High+0.4%
• Jan 29, 2026Wheat turns up: Dry weather and a weak dollar drive up-2.2%

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.

• Feb 17, 2021U.S. grains: Wheat climbs to one-week high on frigid U.S. weather - AgCanada+0.8%
• May 19, 2017U.S. grains: Corn hits one-week high on weather worries - AgCanada+3.0%
• Jun 28, 2017Wheat prices firm on worries dry weather could hit U.S. crops+3.2%
• Feb 16, 2021Wheat at one-week high as freezing US weather in focus - Markets - Business Recorder+1.3%
• May 4, 2024Corn hits 3-month high; soy, wheat climb on global crop weather woes+2.2%