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Wheat prices rallied from a May 13 low of $4.185 to over $5.20 a bushel on extreme Midwest weather that delayed planting. Coffee and cocoa also rose, with cocoa supported by production problems in Ghana and Ivory Coast.
Planting delays and downgraded yield expectations support wheat prices, and wheat is a feed ingredient that competes with corn. Trade policy risk could still weigh on export demand.
gold-prediction.comGabrial Rodan3 de jun. de 2019Após 1.072 eventos altista de clima passados, Trigo (SRW) subiu em mediana +0,2% em 5 sessões (55% de alta; metade central de -1,4% a +2,3%), e +0,3% em 20.
Variações do benchmark de cada commodity desde o último fechamento antes do evento. As leituras históricas agregam eventos passados do mesmo tipo; descrevem o que aconteceu, não o que vai acontecer. Não é recomendação de investimento.
Describes wheat's rally from the May 13 low to above $5.20 on Midwest weather delaying planting, showing momentum and supply concerns around the move date.
