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Heavy snow and freezing temperatures in mid-May flattened and lodged winter wheat across Colorado, western Kansas and parts of Nebraska. New-crop wheat futures climbed as much as 20 cents per bushel after the storm.
Crop tours also pointed to lower yields.
Lodging and crop damage reduce expected 2017/18 wheat production and ending stocks, supporting prices above the projected $4.30 per bushel. Lodging also raises disease risk, adding further yield uncertainty.
aginfo.net18 may 2017Tras 322 eventos alcista de clima pasados, Trigo (HRW) se movió una mediana de -0,1 % en 5 sesiones (49% al alza; mitad central entre -2,5 % y +3,2 %), y +1,0 % en 20.
Tras 1072 eventos alcista de clima pasados, Trigo (SRW) se movió una mediana de +0,2 % en 5 sesiones (55% al alza; mitad central entre -1,4 % y +2,3 %), y +0,3 % en 20.
Variaciones de la referencia de cada materia prima desde el último cierre antes del evento. Las lecturas históricas agrupan eventos pasados del mismo tipo; describen lo ocurrido, no lo que ocurrirá. No es asesoramiento de inversión.
Mid-May snow and freeze damage to Plains winter wheat, with lower yield estimates, tightened supply expectations and lifted new-crop futures, which likely spilled over into SRW.
