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The Sask Wheat weekly outlook for May 13, 2019 summarizes world wheat fundamentals using AMIS balance sheets. It forecasts 2019 world wheat production to rebound about 5% from a reduced 2018 level, mainly from Australia, the EU and Russia, with utilization rising 1.3% in 2019/20.
A production rebound with only modest demand growth points to a looser world wheat balance, which is mildly bearish for prices. The outlook supports the view that supply is recovering from the prior year's shortfall.
saskwheat.caMay 13, 2019After 1,006 past bearish report events, WHEAT moved a median +0.0% over 5 sessions (50% higher; middle half -1.6% to +1.8%), and +0.3% 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.
