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Statistics Canada's principal field crop report projects Canadian farmers will seed 1.8% more area to field crops in 2021/22, with canola and barley gaining at the expense of wheat, oats and pulses. Total wheat area is forecast to fall 6.9% to 9.41 million hectares, the lowest in four seasons.
A smaller Canadian wheat crop tightens exporter supplies and supports wheat prices, while the shift toward canola and barley changes feed grain availability.
graincentral.comGuest AuthorMay 4, 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.
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.
