
A USDA attaché report projects Canadian wheat exports to fall 2.8% year-on-year to 28.95 million tonnes in MY 2026/27. Production is estimated at 36.12 million tonnes, about 11% below the prior year, though beginning stocks rose to 6.65 million tonnes.
Lower-grade CWRS and feed wheat may find buyers in price-sensitive markets.
A smaller Canadian crop and lower exports tighten exportable wheat supply, which supports global wheat prices. Weaker North African demand and price competitiveness of Canadian wheat limit that effect.
After 434 past bullish trade events, Wheat (SRW) moved a median +0.0% over 5 sessions (50% higher; middle half -1.3% to +2.1%), and +0.5% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.