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Statistics Canada's Seeding Intentions Survey shows Saskatchewan farmers plan to expand wheat, canola and barley plantings this spring while cutting oats by 22 percent and lentils by 7.7 percent. The survey covered about 9,500 farmers in early January.
Larger wheat, canola and barley acreage points to more feed grain supply later in the year, while smaller oat acreage could tighten oat supply and support prices.
620ckrm.comHarvard MediaApr 26, 2023After 1,006 past bearish report events, Wheat (SRW) moved a median +0.0% over 5 sessions (50% higher; middle half -1.6% to +1.8%), 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.
After 52 past bullish report events, Oats moved a median -2.0% over 5 sessions (33% higher; middle half -3.4% to +2.4%), and +0.7% 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.
