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VV COM reports that Statistics Canada put wheat at 32.0Mt and barley at 8.9Mt, both above September but down year on year. Ukraine's exports so far in the season are 13.4Mt, versus 18.3Mt a year earlier, including 6.5Mt of maize against 9.8Mt.
ABARES production figures for Australia are also included.
Lower Canadian and Ukrainian export volumes and a smaller Australian crop tighten global wheat, barley and corn supplies, which supports prices.
vvcom.nlDec 14, 2023After 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.
After 1,040 past bullish report events, Corn moved a median +0.5% over 5 sessions (62% higher; middle half -0.9% to +2.0%), and +0.8% 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.
