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Analysts ahead of Statistics Canada's first survey-based 2022-23 acreage report expect 21.6 to 22.75 million acres of crops, against 22.48 million last year. Fertilizer costs, drought risk and competition among crops are the key uncertainties.
Canola acreage uncertainty and high fertilizer costs shape expected oilseed and feed grain supply, influencing meal and grain price expectations.
country-guide.caAdam PeleshatyApr 23, 2022Not enough comparable past events yet for a historical read.
After 770 past neutral report events, Corn moved a median +0.2% over 5 sessions (54% higher; middle half -1.1% to +1.6%), and +0.7% over 20.
After 406 past neutral report events, Wheat (SRW) 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.
