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USDA's November 10 world wheat balance sheet showed supplies 0.7 million mt higher than October at 1,073 million mt, with larger consumption and exports and lower ending stocks. The weekly Sask Wheat report also includes Saskatchewan bids and export basis tables.
Tighter ending stocks support wheat prices and reduce the cushion for feed-wheat buyers. Higher exports draw down available supply.
saskwheat.caNov 16, 2020After 180 past bullish report events, Wheat (HRW) moved a median +0.4% over 5 sessions (53% higher; middle half -2.1% to +3.7%), and -0.6% over 20.
After 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.
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.
