Loading…
MarketsFarm reports drought on the Canadian Prairies and in the US northern Plains is pushing up new-crop feed wheat and feed barley prices. A Saskatchewan trader expects barley production to fall due to heat, and says wheat futures are also gaining on weather.
Drought-driven crop losses in the Prairies and northern Plains tighten new-crop feed barley and wheat supplies. Feed buyers should expect firmer prices unless rain arrives soon.
farmtario.comAdam PeleshatyJun 25, 2021Not enough comparable past events yet for a historical read.
After 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.
