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A market column notes that markets were driven more by weather and harvest progress than by trade or policy news in the week. Minneapolis spring wheat has trended higher on quality concerns, and the US harvest is 87% complete versus a 97% five-year average due to persistent September rain.
Harvest delays and quality concerns in spring wheat support prices, though the column offers no new cause beyond weather already reported.
agweek.comAlex Norton, Beeson Inc.Sep 30, 2019After 1,072 past bullish weather events, WHEAT 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.
