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Wheat and rice prices have risen sharply as import-dependent countries ramped up purchases during the coronavirus pandemic. Some countries are restricting agricultural exports and grain movement is becoming difficult within and across borders.
Panic buying and export restrictions tighten available supply of staple grains, pushing prices higher and raising the cost of feed-adjacent cereals.
feedandgrain.comOct 2, 2020After 431 past bullish trade events, Wheat (SRW) moved a median +0.0% over 5 sessions (50% higher; middle half -1.3% to +2.1%), and +0.5% over 20.
After 189 past bullish trade events, Rough Rice moved a median +0.2% over 5 sessions (52% higher; middle half -1.7% to +2.4%), and +1.0% 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.
