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Statistics Canada's survey showed Canadian farmers planted less wheat and barley for 2024 harvest than intended in March and than the market expected. Global wheat prices rose on the smaller area and stronger US export sales, and rapeseed was supported by weather concerns in Winnipeg canola.
Smaller Canadian wheat and barley areas tighten supply expectations and support feed grain prices.
mainsitelive.azurewebsites.netJun 28, 2024After 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.
Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
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.
