
A late freeze with snow and frost in western Kansas and the Oklahoma Panhandle produced a 28-cent one-day wheat rally, completing a 55-cent move. The article estimates the frost could cut hard red winter wheat output by about 2 percent, or roughly 18 million bushels.
Funds had built record short positions and were reported buying 25,000 contracts on the rally day.
An 18 million bushel cut to hard red winter wheat reduces ending stocks and supports K.C. wheat futures. Heavy fund short-covering amplified the move, so prices may stay volatile until yield losses are confirmed.
過去の強気な天候イベント322件の後、小麦(HRW) は5営業日で中央値 -0.1% 動き(49% が上昇。中央50%は -2.5% から +3.2%)、20営業日では +1.0% 動きました。
イベント直前の終値からの各商品ベンチマークの動き。過去の傾向は同種の過去イベントをまとめたものであり、起きたことを示すもので、今後を示すものではありません。投資助言ではありません。