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DTN reports that strong, persistent polar high pressure and a blocking pattern brought an extended cold spell to the Canadian Prairies in late March and early April, delaying seeding. The report says the La Niña pattern may have contributed but blocking was the main driver.
A slow seeding start raises the risk of delayed planting and lower yields for Canadian canola, wheat and barley, which supports prices for canola meal and related feed grains.
dtnpf.comJoel BurgioApr 5, 2018Not enough comparable past events yet for a historical read.
After 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.
