Winter wheat takes a hit in USDA forecast

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.

• Dec 8, 2023USDA trims forecast for soybean, wheat supplies | Agri-Pulse Communications, Inc.-4.0%
• May 12, 2022USDA warns on corn, winter wheat crops due to weather | 2022-05-12 | Agri-Pulse Communications, Inc.+5.9%
• Feb 19, 2026USDA chief economist: Economic headwinds to ease slightly in 2026 | Agri-Pulse Communications, Inc.+1.8%
• Apr 9, 2026USDA raises price estimates for several commodities | Agri-Pulse Communications, Inc.+3.1%
• Oct 12, 2021USDA officials increase soybean, corn yield estimates | Agri-Pulse Communications, Inc.+0.7%

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.

• May 12, 2022USDA warns on corn, winter wheat crops due to weather | 2022-05-12 | Agri-Pulse Communications, Inc.+11.7%
• May 31, 2023USDA lowers ag trade forecast for FY 2023 | Agri-Pulse Communications, Inc.+4.7%
• Jun 12, 2024WASDE: Soybean ending stock expectations increased, while wheat lower and corn steady | Agri-Pulse Communications, Inc.-8.3%
• Mar 31, 2026CRMAgri - Latest - USDA Highlights: Wheat prices gain after US sowings forecast at lowest on record-3.0%
• Oct 31, 2024CBOT wheat firms again on worse than expected winter wheat conditions - AgriInsite-0.3%