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AAFC price outlooks for the 2024-25 crop year, published July 22, forecast significant price declines for most field crops, with wheat and flax the exceptions. Durum is seen falling from $430 to $350 per tonne, feed barley down $20, oats down $40 and canola down $25 per tonne.
Lower projected prices for barley, oats and canola signal ample supply for feed buyers in Canada, while stable-to-firmer wheat and flax prices suggest tighter competing demand in those crops.
saskagtoday.comKevin HurshJul 30, 2024Not enough comparable past events yet for a historical read.
After 72 past bearish report events, Oats moved a median +0.2% over 5 sessions (50% higher; middle half -3.7% to +3.8%), and -2.5% over 20.
Not enough comparable past events yet for a historical read.
After 769 past bullish report events, Wheat (SRW) moved a median +0.2% over 5 sessions (53% higher; middle half -1.4% to +2.0%), and +0.2% 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.
