Loading…
Wheat markets worldwide remained strong, with attention on conditions in southern Russia. London wheat futures reached contract highs as global markets gained support from rising risks to Russian supply.
Weather concerns in southern Russia, a major exporter, raise the risk of lower Black Sea supply and support global wheat price levels.
farmersguardian.comAlex BlackSep 24, 2020After 1,072 past bullish weather events, Wheat (SRW) moved a median +0.2% over 5 sessions (55% higher; middle half -1.4% to +2.3%), and +0.3% over 20.
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.
London wheat hit contract highs on Russian supply risks, a global supply-risk signal that likely carried over to Chicago.
