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Ukrainian grain prices at ports are expected to rise in August on strong domestic and trader demand. Chicago September wheat rose $0.25/bushel after the USDA report, and Russian wheat production was cut to 72.5 million tonnes, below prior estimates and market expectations.
Lower Russian wheat output and firmer Black Sea and Chicago prices raise the cost of wheat-based feed ingredients and point to firmer feed grain pricing.
en.usm.mediaHelgaAug 23, 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.
Not enough comparable past events yet for a historical read.
After 1,465 past bullish weather events, Corn moved a median +0.2% over 5 sessions (54% higher; middle half -1.4% to +1.9%), and +0.9% 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.
