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Wheat prices rose again while corn, barley and rye also increased, with France buying Romanian wheat. Traders cited a expected cold snap in the US Midwest and developing spring drought in France.
Weather threats to US winter wheat and French crops tighten near-term supply and support feed grain prices. Barley and rye gains add to the cost pressure on feed formulations.
mundus-agri.euApr 21, 2021After 1,072 past bullish weather events, WHEAT moved a median +0.2% over 5 sessions (55% higher; middle half -1.4% to +2.3%), and +0.3% over 20.
After 1,465 past bullish weather events, CORN moved a median +0.2% over 5 sessions (54% higher; middle half -1.4% to +1.9%), and +0.9% over 20.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
