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A three-day heatwave is hitting Australia's sorghum-growing areas, with summer crops wilting and losing yield potential. Traders say around one third of the harvest could fall below number one grade, and the 2017 harvest may produce only about half its potential.
Heat-driven yield losses reduce sorghum supply and quality, and growers holding stored wheat and barley gain pricing leverage as cereal outlooks firm.
graincentral.comHenry WellsFeb 10, 2017Not 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.
