
The December spring wheat/hard red winter wheat spread widened to $2.43 1/2 per bushel on July 16, near record highs for data back to 1980. Spring wheat conditions fell sharply in the US and Canada, with North Dakota and Saskatchewan both rated only 25% good to excellent or lower, while HRW protein averaged 11.4%, below the five-year average.
Poor spring wheat crops and below-average protein tighten supplies of high-protein milling wheat, which lifts the premium for HRS over HRW and supports wheat prices broadly.
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 70 次看跌的天气事件之后,小麦(HRW) 在 5 个交易日内中位数变动 -0.6%(41% 上涨;中间一半区间为 -3.9% 至 +2.5%),20 个交易日内为 -1.1%。
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。