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Statistics Canada reported that September exports rose 2.7% and imports rose 1%, with the trade surplus widening to $2 billion. Farm, fishing and intermediate food exports rose 8.1% to $4.92 billion, led by wheat on good demand and an early harvest.
Lentil and dry pea export volumes also moved, with peas at a 12-month monthly high.
Strong early-season Canadian wheat and pulse shipments support export demand and can tighten exportable supplies, a modest bullish factor for wheat and feed pulses.
dtnpf.comCliff JamiesonNov 7, 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.
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.
