Early U.S. winter wheat harvest supports low-protein fears

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.

• Dec 1, 2020U.S. Grain Buyers Grab for High-Protein Wheat | Feed & Grain-0.6%
• Aug 12, 2021Strategie Grains Lowers Forecast For EU Wheat, Barley Harvests | ESM Magazine+1.9%
• Jan 30, 2018U.S. grains: Winter wheat jumps as crop conditions drop - Grainews+1.9%
• Jan 11, 2019Small U.S. Winter Wheat Crop Likely - ProAg+1.1%
• Apr 13, 2022U.S. Hard Red Winter Wheat in Drought Adds Supply Concerns+0.1%

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.

• Dec 1, 2020U.S. Grain Buyers Grab for High-Protein Wheat | Feed & Grain+9.5%
• Jul 22, 2022What France's speedy wheat harvest says about yield prospects - Grain Price News-10.2%
• Aug 12, 2021Strategie Grains Lowers Forecast For EU Wheat, Barley Harvests | ESM Magazine+2.5%
• Jul 17, 2026France's wheat production to fall after heatwaves push early harvest - RFI+3.8%
• Jan 30, 2018U.S. grains: Winter wheat jumps as crop conditions drop - Grainews+2.0%