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Snow and wet weather in northern and central Alberta are expected to downgrade many crops and push more feed grains onto the market. Feed wheat fell from about $7 to $6.50 per bushel, though harvest discounts are smaller than usual.
Lower-grade crops add feed supply, but buyers are forced to purchase at premiums now, leaving the seasonal harvest price drop muted.
grainews.caGFM Network NewsSep 13, 2018After 334 past bearish weather events, Wheat (SRW) moved a median -0.2% over 5 sessions (47% higher; middle half -1.9% to +1.7%), and -0.2% 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.
