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AAFC's March supply and demand estimates left most Canadian crop projections unchanged, with wheat exports for 2022-23 raised to 24.3 MMT and the canola price forecast lifted to C$890/t for the current year. The new-crop canola price was held at C$850/t.
Higher export projections and a firmer canola price outlook tighten Canadian wheat and canola balances, modestly supporting prices in those markets.
farmtario.comPhil Franz-WarkentinMar 22, 2023After 769 past bullish report events, Wheat (SRW) moved a median +0.2% over 5 sessions (53% higher; middle half -1.4% to +2.0%), and +0.2% over 20.
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.
