
Chicago soft red winter wheat futures rose as much as 4.1%, reaching their highest level since June 2024. US Plains wheat planted last autumn is withering from lack of rain, and USDA kept crop ratings at just 30% good or excellent.
Soaring fertilizer costs are also prompting farmers to plant fewer nutrient-intensive crops such as grains.
Drought losses in US hard red winter wheat and tighter supply expectations support wheat prices, and high fertilizer costs could reduce future grain acreage. Feed buyers face higher wheat and feed-grain costs.
Setelah 1.072 peristiwa cuaca bullish sebelumnya, Gandum (SRW) bergerak median +0,2% selama 5 sesi (55% lebih tinggi; separuh tengah -1,4% sampai +2,3%), dan +0,3% selama 20 sesi.
Setelah 322 peristiwa cuaca bullish sebelumnya, Gandum (HRW) bergerak median -0,1% selama 5 sesi (49% lebih tinggi; separuh tengah -2,5% sampai +3,2%), dan +1,0% selama 20 sesi.
Pergerakan benchmark setiap komoditas dari penutupan terakhir sebelum peristiwa. Pembacaan historis menggabungkan peristiwa serupa di masa lalu; itu menggambarkan apa yang terjadi, bukan apa yang akan terjadi. Bukan nasihat investasi.
Futures hit the highest since 2024 on Plains drought and fertilizer costs reducing grain plantings, though a global benchmark rather than HRW.