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Agriculture and Agri-Food Canada's October Outlook for Principal Field Crops left 2023/24 canola and wheat ending stocks unchanged at 1.000 and 3.600 million tonnes. Canadian wheat exports were projected at 21.3 million tonnes, down from 25.666 million in 2022/23.
Pulse estimates saw only minor changes.
Unchanged balance sheets confirm the existing supply picture and offer little new price direction. Lower projected wheat exports indicate softer Canadian export demand than last year.
marketsfarm.comPhil Franz-WarkentinOct 24, 2023After 406 past neutral report events, Wheat (SRW) moved a median -0.2% over 5 sessions (47% higher; middle half -1.6% to +1.5%), and +0.0% 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.
