Loading…
Heavy September rain across the northern Plains and Midwest delayed the spring wheat harvest and sprouted grain in the field. Growers in Minnesota, the Dakotas and Montana describe crops in poor shape, and Minneapolis spring wheat futures rallied sharply.
Poor quality and reduced quantity of spring wheat tighten supplies of milling and feed wheat, which supports wheat prices.
proag.comOct 1, 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.
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.
