Wheat prices edge higher as WASDE report raises global stocks

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.

• Jul 11, 2019Global Wheat Stocks Revised Lower, Boosting Prices+0.4%
• Dec 16, 2020Global wheat prices rises despite record stocks | Miller Magazine+0.7%
• Jun 28, 2018Strong Demand Pushes Global Wheat Prices Higher - U.S. Wheat Associates-4.2%
• Mar 8, 2023Report snapshot: higher U.S. and global corn ending stocks - Pro Farmer-0.9%
• Oct 1, 2021UK harvest reviewed as US stock reports pushes global wheat higher: Grain market daily | AHDB+5.1%

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.

• Jul 11, 2019Global Wheat Stocks Revised Lower, Boosting Prices+0.1%
• Jun 28, 2018Strong Demand Pushes Global Wheat Prices Higher - U.S. Wheat Associates+4.7%
• Oct 1, 2021USDA Stocks Report: Don’t sleep on wheat usage+1.3%
• Sep 13, 2024WASDE Report Spurs Wheat & Corn Price Rally, Soybeans Lag | tastylive-2.4%
• Jan 18, 2017US wheat stocks to remain high | VIC-2.3%