High costs loom over global grains while Australian values hold steady

After 375 past bearish trade events, Wheat (SRW) moved a median -0.2% over 5 sessions (47% higher; middle half -2.0% to +1.1%), and -0.1% over 20.

• Aug 22, 2022Australian wheat under pressure from Ukraine, South America competition | S&P Global-9.3%
• Oct 24, 2020East coast wheat harvest signals an end to Western Australian grain imports - ABC News-0.9%
• Jan 30, 2019Headwinds ahead for Australian agriculture: Rabobank - Grain Central-0.7%
• Dec 7, 2022Wheat steadies after one-year low, soybeans hold firm | Financial Post+10.0%
• Dec 9, 2020What will happen to Australian barley exports? Grain Market Daily | AHDB-1.1%

After 729 past bullish trade events, Corn moved a median +0.4% over 5 sessions (56% higher; middle half -1.1% to +1.8%), and +0.5% over 20.

• Aug 16, 2022China Grain Purchases Remain Steady After Concerns over U.S. Visit to Taiwan - ProAg-3.7%
• Jan 29, 2025Ukraine corn prices surge as corn growers hold back stocks | S&P Global+1.0%
• Jul 30, 2021Australian malting barley ceiling falls, feed floor lifts - Grain Central-0.1%
• Jun 18, 2026Grains End Higher on Soybean Export Biz as China Also Looks for Corn and Wheat - AgWeb-1.2%
• Oct 27, 2025U.S. grains: Soy hits four-month high on hopes for China trade deal - Manitoba Co-operator+1.4%