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An industry official expects U.S. farmers planted another small winter wheat crop, after 2018 and 2017 were the two smallest in 20 years. Hard red winter plantings in Kansas, Oklahoma and Texas are expected to fall about 10 percent after a very wet October delayed harvests and prevented double-cropping.
Reduced HRW acreage tightens supply expectations for the next crop, supporting HRW prices.
proag.comJan 11, 2019After 322 past bullish weather events, KWHEAT moved a median -0.1% over 5 sessions (49% higher; middle half -2.5% to +3.2%), and +1.0% 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.
