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Futures for December grain broke the €300/t level in Europe and reached €313/t, with physical wheat at €305-310/t and dry barley above €300/t. The move followed quality problems in the Australian wheat crop and rail line closures in Canada caused by flash flooding.
Tight milling wheat supply and transport disruptions are lifting European and global feed and milling grain values, and the new-crop contracts have also strengthened.
farmersjournal.ieAndy DoyleNov 24, 2021After 283 past bullish logistics events, Wheat (SRW) moved a median -0.2% over 5 sessions (46% higher; middle half -1.4% to +1.3%), and -0.1% over 20.
Not enough comparable past events yet for a historical read.
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.
