Canada lifts canola, durum, wheat price forecasts, amid hopes for export revivals

Not enough comparable past events yet for a historical read.

After 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.

• Oct 24, 2022Canada lifts grain price forecasts, as it upgrades wheat export hopes - Grain Price News-0.6%
• Jun 1, 2026ABARES forecasts hefty drops for wheat, barley, canola - Grain Central-2.6%
• Sep 30, 2022Key data in USDA stocks and wheat harvest reports, and difference from market forecasts - Grain Price News+0.4%
• Dec 2, 2022Canada downgrades canola harvest, but lifts oats output to 51-year high - Grain Price News-9.7%
• Jul 30, 2021A new decline in crop forecasts for the US, Canada and Russia continued to raise wheat prices+1.6%

After 180 past bullish report events, Wheat (HRW) moved a median +0.4% over 5 sessions (53% higher; middle half -2.1% to +3.7%), and -0.6% over 20.

• Oct 24, 2022Canada lifts grain price forecasts, as it upgrades wheat export hopes - Grain Price News-2.5%
• Sep 30, 2022Key data in USDA stocks and wheat harvest reports, and difference from market forecasts - Grain Price News-0.2%
• Jul 30, 2021A new decline in crop forecasts for the US, Canada and Russia continued to raise wheat prices+2.5%
• Dec 11, 2019Australian wheat export forecast cut, imports tripled: WASDE - Grain Central+12.3%
• Apr 14, 2020COVID-19 lifts prices despite big wheat stocks: USDA - Grain Central+0.3%