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Statistics Canada reported a December trade deficit of C$137.5 million as farm and food exports fell to a 16-month low. Grain exports were slowed by flooding and rail outages in British Columbia, while soybean exports reached 690,000 mt.
Slower Canadian grain and oilseed exports from transport disruptions reduce export availability, modestly supporting prices for affected grains and oilseeds.
dtnpf.comCliff JamiesonFeb 10, 2022After 563 past neutral report events, Soybeans 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 (SRW) moved a median -0.2% over 5 sessions (47% higher; middle half -1.6% to +1.5%), and +0.0% over 20.
Not enough comparable past events yet for a historical read.
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.
