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KC December hard red winter wheat closed at $5.09 3/4, up from $4.78 and a contract high. Stripe rust is active in Oklahoma fields, and drought persists across the southern Plains.
Projected US HRW ending stocks of 385 million bushels, well below the five-year average, and dry conditions in Russia support higher wheat prices and feed-grain costs.
farmprogress.comKim AndersonOct 1, 2020After 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.
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.
