
U.S. wheat futures ended mixed: Chicago SRW contracts declined, Kansas City HRW was little changed, and Minneapolis spring wheat gained. USDA data showed winter wheat planting at 89% as of November 8, emergence at 76%, and good-to-excellent condition ratings improving five points to 49%.
Improving winter-crop conditions point to better potential supply and may cap wheat prices, while weak export demand adds pressure. The mixed futures performance reflects differing contract movements rather than a new supply shock.
After 1,006 past bearish report events, Wheat (SRW) moved a median +0.0% over 5 sessions (50% higher; middle half -1.6% to +1.8%), and +0.3% over 20.
After 138 past bearish report events, Wheat (HRW) moved a median +0.0% over 5 sessions (50% higher; middle half -2.9% to +2.4%), and +0.5% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.