# Statistics Canada Releases May Trade Data

> Statistics Canada reported May merchandise exports fell 3.8% and imports rose 3%, swinging the trade balance to a C$3.4 billion deficit. Farm and intermediate food exports declined for a third month on weaker wheat and canola demand.

- Date: 2023-07-06 · published 2023-07-06T12:00:00.000Z
- Category: trade · region Canada · magnitude low
- Page: https://feedsoft.ai/events/34994-statistics-canada-releases-may-trade-data
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Canola Meal](https://feedsoft.ai/c/CANMEAL.md)

## Why it matters

Falling wheat and canola export demand signals softer Canadian export flows, mildly bearish for those grains and their meals.

## Read by commodity

- WHEAT: bearish ▼
- CANMEAL: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2025-05-12 | [U.S. grains: Soybeans hit three-month high on US-China trade deal, USDA report - Canadian Cattlemen](https://feedsoft.ai/events/9508-u-s-grains-soybeans-hit-three-month-high-on-us-china-trade-deal-usda-report.md) | -0.1% | -2.0% |
| WHEAT | 2020-01-16 | [China's 'market condition' caveat on U.S. ag purchases adds to trade deal doubts](https://feedsoft.ai/events/54944-china-s-market-condition-caveat-on-u-s-ag-purchases-adds-to-trade-deal-doubts.md) | -0.2% | -5.3% |
| WHEAT | 2019-11-08 | [Cost of animal feed may remain low for next decade \| Feed Strategy](https://feedsoft.ai/events/56181-cost-of-animal-feed-may-remain-low-for-next-decade-feed-strategy.md) | +3.0% | +7.4% |
| WHEAT | 2024-11-12 | [Canada Know-Risk Market Outlook \| Tariff Threats Sink Grains](https://feedsoft.ai/events/12339-canada-know-risk-market-outlook-tariff-threats-sink-grains.md) | -1.4% | -0.4% |
| WHEAT | 2025-03-04 | [CBOT wheat ends down as trade woes spark broad market sell-off](https://feedsoft.ai/events/8143-cbot-wheat-ends-down-as-trade-woes-spark-broad-market-sell-off.md) | +0.1% | +2.8% |

## Sources

- dtnpf.com: https://www.dtnpf.com/agriculture/web/ag/blogs/canada-markets/blog-post/2023/07/06/statistics-canada-releases-may-trade

---
Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.