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Agriculture Canada cut its 2022-23 and 2023-24 barley ending stock estimates in its monthly supply-demand update, tightening the Canadian barley balance. The outlook for wheat and oats is mixed compared with April.
Tighter Canadian barley supplies support barley prices and may raise demand for substitute feed grains.
zmp.deMay 25, 2023Not enough comparable past events yet for a historical read.
After 35 past neutral report events, Oats moved a median +0.2% over 5 sessions (51% higher; middle half -1.9% to +2.5%), and -1.2% over 20.
After 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.
