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Statistics Canada's December report shows national wheat production fell 38.5% to 21.7 million tonnes and canola fell 35.4% to 12.6 million tonnes, with barley and oats also lower. Drought in Western Canada drove the declines.
Large Canadian losses in wheat, canola and barley tighten North American and global supplies, supporting feed grain and oilseed meal prices.
seed.ab.caVanessa FarnsworthDec 3, 2021After 769 past bullish report events, Wheat (SRW) moved a median +0.2% over 5 sessions (53% higher; middle half -1.4% to +2.0%), and +0.2% over 20.
Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
After 52 past bullish report events, Oats moved a median -2.0% over 5 sessions (33% higher; middle half -3.4% to +2.4%), and +0.7% 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.
