FCC Economics updated its 2020 outlook for Canadian grains, oilseeds and pulses, noting favourable western weather, a smaller eastern grains crop, and strong Chinese purchases. It expects prices to improve over the next six months.
Expected price improvement and strong Chinese demand support Canadian grain and oilseed prices, though the outlook is a forecast rather than a new supply shock.
Not enough comparable past events yet for a historical read.
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.
After 770 past neutral report events, Corn moved a median +0.2% over 5 sessions (54% higher; middle half -1.1% to +1.6%), 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.