CBOT wheat rose about 1% after a crop tour confirmed heavy yield losses in US spring wheat. Yields in central and northwest North Dakota are well below last year and the five-year average.
The premium paid during the heat and dry spell has faded.
Sharply smaller North Dakota spring wheat yields reduce US supply and support wheat prices, especially in the spring wheat complex.
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.
Crop tour confirmed heavy US spring wheat yield losses, a supply shock that lifted CBOT wheat during the window.
A crop tour confirming heavy US spring wheat yield losses (published 27 July) fed the supply-shortfall narrative behind the rally, so it plausibly contributed to the upward move into 31 July.