
A report from INTL FCStone by Dr Rory Deverell outlines key weather risks for grain markets in 2018. It notes a major weather-related yield decline occurs on average about one season in three, and that the market is overdue for one.
Dry conditions in Argentina's Cordoba province, with rainfall 15% below normal, are cited as an immediate risk for soybeans and soymeal.
Dry Argentine planting conditions threaten soybean and soymeal supply from a major exporter, which would lift soymeal prices, while palm oil supply could be disrupted by temperature extremes in Southeast Asia. Buyers who forward bought face downside risk if rains arrive.
在过去 453 次看涨的天气事件之后,豆粕 在 5 个交易日内中位数变动 +0.5%(55% 上涨;中间一半区间为 -1.6% 至 +2.7%),20 个交易日内为 +0.5%。
在过去 1,079 次看涨的天气事件之后,大豆 在 5 个交易日内中位数变动 +0.3%(54% 上涨;中间一半区间为 -1.4% 至 +2.0%),20 个交易日内为 +0.9%。
在过去 181 次看涨的天气事件之后,棕榈油 在 5 个交易日内中位数变动 +0.5%(56% 上涨;中间一半区间为 -0.9% 至 +1.9%),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。