
Wheat prices in the Pacific Northwest rose from about $5.50 to more than $7 a bushel as exporters bought more and a corn shortage lifted grain prices broadly. Farmers are benefiting from the rally, and federal farm payments made up about 40% of 2020 farm income.
Stronger export buying and a tighter corn supply push wheat and corn values higher, raising feed grain costs for livestock buyers.
After 431 past bullish trade events, Wheat (SRW) moved a median +0.0% over 5 sessions (50% higher; middle half -1.3% to +2.1%), and +0.5% over 20.
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.
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.