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Statistics Canada's satellite-based model expects Canadian wheat, canola, barley, oats, soybeans and corn output to rise in 2022 from 2021's drought-hit crop. Wheat is seen up 55.1% to 34.6 million tonnes, driven by better Western Canadian growing conditions.
A much larger Canadian grain and oilseed harvest adds exportable supply and eases tightness, which is bearish for wheat, canola and feed grain prices.
agricensus.comAug 29, 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.
After 1,102 past bearish report events, Corn moved a median -0.2% over 5 sessions (47% higher; middle half -1.8% to +1.3%), 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.
