Heavy rains in Kansas pushed Chicago May hard red winter wheat futures down 30 cents to $4.7025 a bushel on March 19, hitting the daily limit. The article also notes that a 50-day moving average falling below the 200-day average triggers technical selling.
The move came after a rally driven by Plains drought concerns.
Rain that eases Plains drought removes the supply risk behind the rally, so HRW prices can fall further. Feed buyers may see lower wheat values if the rains continue.
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%。
在过去 334 次看跌的天气事件之后,小麦(SRW) 在 5 个交易日内中位数变动 -0.2%(47% 上涨;中间一半区间为 -1.9% 至 +1.7%),20 个交易日内为 -0.2%。
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。
Describes heavy Kansas rain sending HRW futures limit down on March 19 and technical selling after the drought rally, which fits the move's timing and mechanism.