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Minneapolis Grain Exchange hard red spring wheat futures rose more than 50 cents in September after a poor Upper Midwest spring wheat crop. Excess rain in northwestern Minnesota and eastern North Dakota is hurting both quality and bushels.
Lower spring wheat quality and volume tighten milling-grade supply and raise costs for feed-grade alternatives, supporting wheat prices.
brownfieldagnews.comMark DorenkampSep 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.
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.
