Loading…
Floods in Germany, the Netherlands and Belgium are damaging European crops, and heat is hurting Canadian wheat. US spring red wheat production was cut 42% from 2020, and drought in Iran and Kazakhstan is expected to reduce their crops.
Weather losses across several major exporters reduce global wheat supplies and raise prices, especially for high-protein grades.
farmersweekly.co.zaElizabeth SchroederJul 30, 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.
