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A quality problem called falling numbers is affecting hard red spring wheat farmers from Minnesota to Montana. Farmers say they have no control over the issue, which lowers wheat quality.
Falling numbers reduces the grade and feed value of affected wheat, which could push buyers toward other feed grains and widen discounts on hard red spring supplies.
apnews.comDan GundersonNov 27, 2019After 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.
After 1,465 past bullish weather events, Corn moved a median +0.2% over 5 sessions (54% higher; middle half -1.4% to +1.9%), and +0.9% 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.
