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CBOT May soft red winter wheat settled 12.5 cents higher at $6.28-3/4 per bushel on April 9, 2021. Cold weather across Europe and the Black Sea region raised concerns about crop damage.
Frost risk to European and Black Sea crops tightens export supply expectations and supports wheat prices for feed buyers.
brecorder.comReutersApr 9, 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.
