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Gro Intelligence's model shows drought at levels not seen worldwide in at least two decades across France, the Middle East and the US Midwest. It says this threatens to slow the replenishment of depleted global wheat supplies and raises food security risks.
Widespread drought in major wheat regions tightens global supplies and supports wheat prices, especially as stocks are already depleted.
gro-intelligence.comMay 20, 2022After 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.
