Loading…
Canada exported 5.5 million tonnes of wheat in the first 14 weeks of the 2023-24 marketing year, up 7.7% from a year earlier. Canadian canola exports over the same period were 1.6 million tonnes.
Agriculture and Agri-Food Canada still forecasts a 17% drop in total wheat exports for the year.
Export pace running ahead of a smaller crop could force prices higher to ration demand later in the season, which supports wheat values.
manitobacooperator.caPhil Franz-WarkentinNov 20, 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.
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.
