Global Supplies of High Protein Wheat Keep Tightening

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.

• Nov 2, 2017U.S. High-Protein Wheat Supplies Tightening - U.S. Wheat Associates+2.8%
• Jun 28, 2018Strong Demand Pushes Global Wheat Prices Higher - U.S. Wheat Associates+4.7%
• Sep 19, 2018Weather Continues to Affect Global Wheat Production - U.S. Wheat Associates+1.2%
• Dec 14, 2017Wheat Futures Tumble, While Protein Premiums Soar - U.S. Wheat Associates+5.9%
• Mar 22, 2018Global Winter Wheat Condition a Mixed Bag - U.S. Wheat Associates-1.0%

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.

• Nov 2, 2017U.S. High-Protein Wheat Supplies Tightening - U.S. Wheat Associates+0.3%
• Jun 28, 2018Strong Demand Pushes Global Wheat Prices Higher - U.S. Wheat Associates-4.2%
• Sep 19, 2018Weather Continues to Affect Global Wheat Production - U.S. Wheat Associates+0.7%
• Apr 19, 2018Competing for Acres: 2018/19 Global Wheat Production to Fall - U.S. Wheat Associates+0.3%
• Aug 28, 2025Global Wheat Stocks Tighten as U.S. Exports Gain Pace+0.1%