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Western Europe faces a heatwave with temperatures possibly exceeding 40 degrees Celsius, but high soil moisture and good field conditions should protect crops if temperatures moderate within a few days. Concerns are widespread but the impact is expected to be contained.
Adequate soil moisture limits the likelihood of major yield losses, so the heat is unlikely to lift grain prices substantially unless it persists.
gro-intelligence.comJun 25, 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.
