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An analysis by Drew Lerner says recent weather scares in the US, Canada, Europe, western CIS, China and Australia have failed to lift markets. Forecasts of returning European drought have not been verified.
Commodity markets remain in the doldrums, with cool European weather conserving soil moisture.
Weak weather-driven interest means grain prices lack a fundamental weather premium and are driven more by trade issues. Buyers should not assume weather alone will lift feed costs in the near term.
world-grain.comDrew LernerMay 14, 2019Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
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.
