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MarketsFarm's initial Western Canada yield forecast shows spring wheat at 44 bu/acre (down 17%), canola at 33 bu/acre (down 13%), barley down 20% and durum down 24%. Analyst Bruce Burnett says drought areas are not being offset by good regions.
A sharp Prairie yield decline reduces Canadian grain and oilseed supplies, supporting wheat, barley and canola meal prices.
producer.comSean PrattJul 26, 2023After 1,072 past bullish weather events, WHEAT moved a median +0.2% over 5 sessions (55% higher; middle half -1.4% to +2.3%), and +0.3% over 20.
Not enough comparable past events yet for a historical read.
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.
