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Chicago wheat eased slightly from a four-month high on February 18 as cold temperatures posed threats to crops in the Black Sea and US Plains. Corn and soybeans were little changed, and the rally was seen as ahead of fundamentals, with physical overseas markets not following.
Cold-weather crop risk in key exporting regions supports wheat, but weak physical export demand suggests the rally may fade.
brecorder.comReutersFeb 18, 2025After 224 past neutral weather events, Wheat (SRW) moved a median -0.1% over 5 sessions (46% higher; middle half -1.4% to +1.5%), and +0.4% over 20.
After 324 past neutral weather events, Soybeans moved a median +0.0% over 5 sessions (52% higher; middle half -1.4% to +1.7%), and +0.7% over 20.
After 445 past neutral weather events, Corn moved a median +0.1% over 5 sessions (52% higher; middle half -1.4% to +1.6%), and +0.7% over 20.
After 29 past neutral weather events, Wheat (HRW) moved a median +0.6% over 5 sessions (52% higher; middle half -1.9% to +2.3%), and -0.7% 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.
