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DTN reports Canadian Grain Commission data showing wheat exports through licensed facilities up 68.7% year over year through January 2022-23, with shipments reaching 52 countries versus 33 a year earlier. Volumes to China rose 253% and to Indonesia 61%.
Strong export pace and broadened buyer base tighten Canadian wheat supplies, supporting wheat prices and export demand.
dtnpf.comCliff JamiesonMar 2, 2023After 431 past bullish trade events, Wheat (SRW) moved a median +0.0% over 5 sessions (50% higher; middle half -1.3% to +2.1%), and +0.5% 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.
