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Chicago grain prices fell on Thursday with wheat leading the decline, while Paris rapeseed rose. Russia's grain crop is forecast at 110 million tons, down 7 percent, with wheat at 66 million tons.
Cold weather in the Black Sea region raised concerns about winter and spring crop damage.
Lower Russian output forecasts and Black Sea cold damage risk support wheat and barley prices, while the broader grain complex faces mixed signals.
grainsprices.comGate.BGApr 21, 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.
Not enough comparable past events yet for a historical read.
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.
