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Agriculture and Agri-Food Canada projects 2021 all-wheat output at 33.65 million tonnes, down 4% from 2020 as yields return to trend. Oat production is also forecast lower, while canola output is expected to rise.
A smaller Canadian wheat and oat crop tightens exportable supplies and supports prices for both grains, while a larger canola crop adds meal supply.
world-grain.comJay SjervenJan 27, 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.
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.
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.
