Cold weather in the US continued to dominate agri-commodity linked headlines this week.
As the US remains cold and below zero, winter wheat remains a concern; spring wheat planting and development in the US and Canada will be delayed, reported the CRM Agri team.
Furthermore, they noted a lack of rainfall in the US with minimal precipitation seen in long-term forecasts. That kind of weather pattern drove all Chicago and global grain markets higher again on Wednesday [April 21], they said.
Weather market, volatility
Summing up developments for us, Peter Collier, market analyst, CRM Agri, remarked:
“We are currently in the middle of a strong spring weather market, with increased volatility due to current season tight markets.
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