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Russia declared a state of emergency in its grain-growing regions after frosts, which are likely to damage the wheat crop. The declaration lifted grain prices across the board following a bullish May WASDE.
Analysts said the market had already priced in much of the risk and the scale of damage was still unknown.
Russian wheat losses reduce Black Sea export supply and push up world wheat prices, which raises feed grain costs. Corn and other feed grains often follow wheat higher as substitutes.
czapp.comAlberto Carmona2024年5月13日在过去 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%。
在过去 1,465 次看涨的天气事件之后，玉米 在 5 个交易日内中位数变动 +0.2%（54% 上涨；中间一半区间为 -1.4% 至 +1.9%），20 个交易日内为 +0.9%。
历史可比事件尚不足，暂无法给出历史解读。
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。
