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AHDB reports UK feed wheat futures rose to £190.25/t and Paris rapeseed gained, on worries that a heat dome could cut US maize and soybean weights. Pro Farmer tour results show higher potential than last year but below average in Indiana and Nebraska, and Russian strikes hit the Ukrainian port of Izmail.
Heat stress in US corn and soybean areas supports feed grain and meal prices, while port strikes on the Danube tighten Ukrainian export flows. Buyers should watch US weather and Black Sea logistics.
mainsitelive.azurewebsites.netAug 24, 2023After 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 1,079 past bullish weather events, Soybeans moved a median +0.3% over 5 sessions (54% higher; middle half -1.4% to +2.0%), 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.
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.
