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A Brazilian wheat industry webinar said the 2021/22 global cereal harvest came in much smaller than expected earlier in the year because of drought and excess rain. Speakers expected wheat prices to remain firm in international markets.
Weather losses that shrank the global wheat crop keep supply tight and support prices for wheat used in feed rations.
revistacultivar.comOct 15, 2021After 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.
