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Prairie farmers report canola prices near $16 per bushel, the highest in over a decade, with Canadian canola exports up 33 percent year to date. Spring wheat, feed barley and oat prices are also reported well above their five-year averages.
Chinese stockpiling of canola products and strong demand for feed grains support prices, encouraging farmers to lock in forward sales.
oyenecho.comThe Oyen EchoMar 4, 2021Not enough comparable past events yet for a historical read.
After 431 past bullish trade events, Wheat (SRW) moved a median +0.0% over 5 sessions (50% higher; middle half -1.3% to +2.1%), and +0.5% over 20.
Not enough comparable past events yet for a historical read.
After 40 past bullish trade events, Oats moved a median -0.6% over 5 sessions (40% higher; middle half -2.8% to +1.7%), and -3.2% 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.
