◂ Event Timeline

Sep 15, 2022WEATHERArgentina

Argentina wheat farmers abandon some lots due to drought, exchange says

Argentine wheat farmers are abandoning some lots because of prolonged drought, according to the Buenos Aires grains exchange. The exchange warned of the damage to the South American grain crop.

The article is dated September 15, 2022.

WHY IT MATTERS

Abandonment cuts Argentine wheat output and tightens export supplies, supporting global wheat prices.

AFFECTSWheat (SRW)▲

SOURCE
reuters.comSep 15, 2022

Price reaction & history

Wheat (SRW)▲bullishSO FAR1d -0.2%5d +5.5%20d -9.2%

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.

May 22, 2023Kansas farmers abandon wheat fields after extreme drought-0.4%
Jun 29, 2022With world short of wheat, Argentina farmers worry about crop | Reuters-8.7%
Nov 14, 2022Argentina exchange cuts wheat outlook again, rains spell hope for soy+0.8%
Feb 20, 2019Asian millers turn to Argentina for wheat as drought hits Australian output - CTRM Center-3.5%
Feb 16, 2023In Argentina's drought-hit fields, billion dollar losses and farmers going under-1.3%

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.

Wheat (SRW) WHEAT · GP ▸

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