CBOT wheat follows K.C. hard red winter wheat lower

After 70 past bearish weather events, Wheat (HRW) moved a median -0.6% over 5 sessions (41% higher; middle half -3.9% to +2.5%), and -1.1% over 20.

• Jun 23, 2021CBOT weekly outlook: MGEX wheat spread widens over winter wheats - AgCanada+3.8%
• Mar 21, 2017Wheat leads crop markets lower as rain arrives in Kansas-5.4%
• Mar 16, 2018K.C. Wheat Tumbles, Rain Heads to Kansas-8.3%
• Feb 1, 2017Premiums reduced by limited winter kills | NSW+2.3%
• May 17, 2024Forecasts of a good wheat harvest in the US and the EU continue to lower stock prices+5.6%

After 334 past bearish weather events, Wheat (SRW) moved a median -0.2% over 5 sessions (47% higher; middle half -1.9% to +1.7%), and -0.2% over 20.

• Mar 21, 2017Wheat leads crop markets lower as rain arrives in Kansas+1.9%
• Mar 10, 2019Warm Winter Generates Optimism For Large EU Wheat Crop | Checkout+1.1%
• Mar 16, 2018K.C. Wheat Tumbles, Rain Heads to Kansas-1.0%
• Feb 1, 2017Premiums reduced by limited winter kills | NSW+3.9%
• Jun 4, 2021Weather boost keeps EU, UK on course for bigger wheat harvest - CTRM Center+1.6%