AHDB's daily grain report says La Niña could return in summer 2024, with NOAA putting the chance at 65% for July to September and 85% for November to January. UK feed wheat futures eased on strong expected US end-of-season stocks and improving Russian crop prospects.
The report notes La Niña often causes major weather changes in many regions.
Expected La Niña weather could affect crop yields in several exporting regions, which supports the price outlook for wheat. Current pressure on wheat prices comes mainly from ample supply, so the weather risk is a longer-term support.
Na 1.072 eerdere opwaarts weer-gebeurtenissen bewoog Tarwe (SRW) zich mediaan +0,2% over 5 sessies (55% hoger; middelste helft -1,4% tot +2,3%), en +0,3% over 20.
Bewegingen van de benchmark van elke grondstof sinds de laatste slotkoers vóór de gebeurtenis. Historische waarden bundelen eerdere gebeurtenissen van hetzelfde soort; ze beschrijven wat er gebeurde, niet wat zal gebeuren. Geen beleggingsadvies.