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Canadian wheat exports are on a record pace four months into the crop year, though full-year records are unlikely due to limited supply. Canola seed exports are down, largely from reduced sales to China, while crushing capacity expansion could drive record canola oil output.
Record wheat exports tighten Canadian supplies, supporting prices, while expanding crush capacity increases meal and oil output that can pressure canola meal values.
cjwwradio.comNeil BillingerDec 17, 2023After 431 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.
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.
