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Hot, dry weather in Kansas is expected to cut the state's wheat harvest by about 100 million bushels, roughly 30% below last year. Farmers report shriveled heads and poor grain fill across northwest Kansas.
A one-third Kansas HRW shortfall tightens hard red wheat supplies and supports prices, with knock-on effects for feed wheat availability.
npr.orgElizabeth RembertJun 22, 2022After 322 past bullish weather events, Wheat (HRW) moved a median -0.1% over 5 sessions (49% higher; middle half -2.5% to +3.2%), and +1.0% 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.
