Loading…
Irish grain prices rose further as weather and demand concerns reduced expected oversupply. Imported maize rose 10 euros per tonne to about 215 euros per tonne, and co-op green barley and wheat prices firmed.
Paris MATIF futures still showed declines in forward positions.
Weather-related concerns for next year's crops and firmer imported feed prices support domestic feed grain values in Ireland and the EU. Forward curves remain weaker, so further gains for distant delivery are limited.
farmersjournal.ieAndy DoyleOct 21, 2020After 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.
After 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.
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.
