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Statistics Canada's final 2022 estimates show Canadian crop production rebounding sharply, and USDA projects Canadian wheat exports rising 73% to 26 million tonnes. Canola exports are forecast up 51% to 8 million tonnes, with canola oil-based renewable diesel now qualifying for US exports.
Larger Canadian exports add competition for Australian and other Asian supplies, which pressures wheat, barley and canola prices in export markets.
graincentral.comGuest AuthorDec 6, 2022After 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.
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.
