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Heavy snow and freezing temperatures in mid-May flattened and lodged winter wheat across Colorado, western Kansas and parts of Nebraska. New-crop wheat futures climbed as much as 20 cents per bushel after the storm.
Crop tours also pointed to lower yields.
Lodging and crop damage reduce expected 2017/18 wheat production and ending stocks, supporting prices above the projected $4.30 per bushel. Lodging also raises disease risk, adding further yield uncertainty.
aginfo.net2017年5月18日在过去 322 次看涨的天气事件之后，小麦(HRW) 在 5 个交易日内中位数变动 -0.1%（49% 上涨；中间一半区间为 -2.5% 至 +3.2%），20 个交易日内为 +1.0%。
在过去 1,072 次看涨的天气事件之后，小麦(SRW) 在 5 个交易日内中位数变动 +0.2%（55% 上涨；中间一半区间为 -1.4% 至 +2.3%），20 个交易日内为 +0.3%。
各商品基准价相对事件前最后收盘价的变动。历史数据汇总同类过往事件；仅描述已发生的情况，不代表未来走势。不构成投资建议。
Mid-May snow and freeze damage to Plains winter wheat, with lower yield estimates, tightened supply expectations and lifted new-crop futures, which likely spilled over into SRW.
