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Statistics Canada data showed Canadian canola exports through October at 1.566 million tonnes, with China taking 64 per cent. Chinese imports of Canadian wheat through October were roughly half the level of the same period last year.
Concentration of canola sales in China leaves exports exposed to Chinese demand swings, while weaker wheat buying signals softer export demand for Canadian grain.
grainews.caGlacier FarmMedia, Phil Franz-Warkentin, GFM Network NewsDec 7, 2023Not enough comparable past events yet for a historical read.
After 375 past bearish trade events, Wheat (SRW) moved a median -0.2% over 5 sessions (47% higher; middle half -2.0% to +1.1%), and -0.1% 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.
