No Rain In Plains Turns Hedge Funds Bullish On Winter Wheat

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.

• Nov 13, 2020No Rain in Plains Turns Hedge Funds Bullish on Winter Wheat+0.9%
• Aug 12, 2021Strategie Grains Lowers Forecast For EU Wheat, Barley Harvests | ESM Magazine+1.9%
• Mar 13, 2018Drought threat intensifies for U.S. Plains winter wheat crop-7.6%
• Jun 30, 2017Wheat futures rally amid worsening drought in the Northern Plains+9.6%
• Apr 17, 2023Feeling Bullish About Wheat Prices Again? - Alberta Grains-4.3%

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.

• Nov 13, 2020No Rain in Plains Turns Hedge Funds Bullish on Winter Wheat-2.7%
• Sep 5, 2018Wheat Rebounds On Supply Woes, Corn At Two-Week High | ESM Magazine+0.2%
• Aug 2, 2018Weather Woes Ravage Europe's Wheat Fields, Markets Race Higher | ESM Magazine+3.5%
• Aug 12, 2021Strategie Grains Lowers Forecast For EU Wheat, Barley Harvests | ESM Magazine+2.5%
• Mar 13, 2018Drought threat intensifies for U.S. Plains winter wheat crop-1.6%