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Wheat prices extended their rally as US drought spread, with USDA reporting about 70% of US winter wheat in drought. The International Grains Council cut its forecasts for US and Australian 2026 wheat harvests, and hard red winter wheat reached a 22-month high.
Saudi Arabia also issued a tender for 710,000 tonnes of wheat.
Lower US and Australian crop forecasts reduce exportable wheat supplies, supporting prices. Hard red winter strength feeds into the broader wheat complex that feed buyers pay for.
crmagri.comMike Verdin2026年4月23日在过去 322 次看涨的天气事件之后，小麦(HRW) 在 5 个交易日内中位数变动 -0.1%（49% 上涨；中间一半区间为 -2.5% 至 +3.2%），20 个交易日内为 +1.0%。
在过去 1,072 次看涨的天气事件之后，小麦(SRW) 在 5 个交易日内中位数变动 +0.2%（55% 上涨；中间一半区间为 -1.4% 至 +2.3%），20 个交易日内为 +0.3%。
各商品基准价相对事件前最后收盘价的变动。历史数据汇总同类过往事件；仅描述已发生的情况，不代表未来走势。不构成投资建议。
Drought covering ~70% of winter wheat, IGC cuts to US and Australian crops and a 22-month HRW high tightened supply expectations; Saudi tender added demand.
