Canola was the largest contributor to Saskatchewan's record agri-food export value in 2021, with canola seed exports at $3.6 billion and canola oil up 33.6%. Wheat exports fell 5%, and drought lowered yields for several crops.
Strong canola processing exports reflect robust demand for canola oil and meal, supporting prices, while lower wheat and pulse volumes reflect the drought's supply impact.
Not enough comparable past events yet for a historical read.
After 296 past bullish report events, Soybean Oil moved a median -0.0% over 5 sessions (49% higher; middle half -1.8% to +2.0%), and -0.5% 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.