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Statistics Canada data showed August canola crush fell 4.4% year on year to 633k tons, with oil output at 262k tons and meal at 383k tons. The daily market wrap recorded wheat up sharply overnight, soybeans and soymeal firmer, and mixed weekly and monthly moves across grains and oilseeds.
Lower canola crush reduces meal output, modestly supportive for canola meal prices. The rest is routine price commentary with no new cause for the moves.
admis.comADMIS Research TeamSep 27, 2022Not enough comparable past events yet for a historical read.
After 563 past neutral report events, SOY moved a median -0.1% over 5 sessions (48% higher; middle half -1.7% to +1.6%), and -0.1% over 20.
After 406 past neutral report events, WHEAT moved a median -0.2% over 5 sessions (47% higher; middle half -1.6% to +1.5%), and +0.0% 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.
