
Drought has expanded through the southern U.S. Plains, with the Texas Panhandle, western Oklahoma and central and western Kansas receiving less than 20% of normal precipitation over 60 days. Kansas winter wheat ratings fell to 24% good to excellent, while Oklahoma and Texas are rated 10% and 14%.
Spring wheat futures are hitting new contract highs.
Poor HRW yield potential cuts into U.S. wheat supply during the crop's peak water-use period, which supports wheat prices and raises the cost of wheat-based feed. Buyers should expect firm HRW prices while the drought persists.
Tras 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.
Severe precipitation deficits and very poor Kansas, Oklahoma and Texas ratings confirm HRW supply damage fueling the rally.