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Canadian farmers may face another drought this year, with dry conditions threatening crop development. The report notes that global wheat and canola prices are soaring at the same time.
Drought risk in Canada, a major wheat and canola exporter, could tighten supplies at a time when world stocks are already low, supporting higher prices for wheat, canola and canola meal.
financialpost.comReutersMar 23, 2022
reuters.comAlexander SchummerMar 23, 2022Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
After 1,072 past bullish weather events, Wheat (SRW) moved a median +0.2% over 5 sessions (55% higher; middle half -1.4% to +2.3%), and +0.3% 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.
