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Grain Central reports that thin snow cover leaves winter wheat and barley in central and western Europe exposed to sub-zero temperatures. Snow cover is excellent in Russia and the former Soviet Union, but heavy snow has disrupted wheat and barley movements to Black Sea ports.
Winterkill risk in Europe and slowed Black Sea port logistics could tighten near-term wheat and barley export supplies, supporting prices.
graincentral.comGuest AuthorJan 21, 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.
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.
