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May 2017 SRW wheat futures in Chicago rose about $15/t to near a two-month high after US storm damage, and Euronext wheat gained €5/t to €168/t. Maize in Paris eased slightly to €172/t.
Expected US crop losses are pulling both US and European wheat higher, supporting feed grain costs for buyers in the coming weeks.
farmersjournal.ieMatthew HalpinMay 2, 2017After 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 322 past bullish weather events, Wheat (HRW) moved a median -0.1% over 5 sessions (49% higher; middle half -2.5% to +3.2%), and +1.0% over 20.
After 445 past neutral weather events, Corn moved a median +0.1% over 5 sessions (52% higher; middle half -1.4% to +1.6%), and +0.7% 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.
