◂ Event Timeline

Jan 7, 2020WEATHERAustralia

Wheat Market Update: EU And Russia Crop Risks

A weekly commentary from Grainbrokers discusses the Indian Ocean Dipole returning to neutral after a positive phase and the effects of Australian bushfires. The article title also references EU and Russia wheat crop risks.

WHY IT MATTERS

Neutral IOD removes a driver of Australian weather, but the wheat crop risk commentary is only general, so price impact is minimal for feed buyers.

AFFECTSWheat (SRW)◆

SOURCE
grainbrokers.com.auJan 7, 2020

Price reaction & history

Wheat (SRW)◆neutralSO FAR1d +0.0%5d +1.5%20d -3.3%

After 224 past neutral weather events, Wheat (SRW) moved a median -0.1% over 5 sessions (46% higher; middle half -1.4% to +1.5%), and +0.4% over 20.

Jun 25, 2021Farming News - Wheat Market update from ADM-0.2%
Nov 2, 2022Oklahoma Cattle Market Update+6.5%
Jun 1, 2018Dry weather may curb promising EU wheat crop+0.3%
Jun 25, 2021Corn, wheat, soy steady as US crop prospects assessed - Markets - Business Recorder-0.2%
Jun 8, 2020Rain brings respite for EU wheat - Markets - Business Recorder-0.3%

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.

Wheat (SRW) WHEAT · GP ▸

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