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Wheat prices rallied from a May 13 low of $4.185 to over $5.20 a bushel on extreme Midwest weather that delayed planting. Coffee and cocoa also rose, with cocoa supported by production problems in Ghana and Ivory Coast.
Planting delays and downgraded yield expectations support wheat prices, and wheat is a feed ingredient that competes with corn. Trade policy risk could still weigh on export demand.
gold-prediction.comGabrial Rodan3 jun 2019Tras 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.
Describes wheat's rally from the May 13 low to above $5.20 on Midwest weather delaying planting, showing momentum and supply concerns around the move date.
