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Western Canadian farmers finished harvest early in 2020 after a warm, dry autumn. Statistics Canada forecasts wheat output up about 6% to roughly 34 million tonnes and canola just under the five-year average at 19 million tonnes.
A larger Canadian wheat crop and early harvest add supply that may cap wheat prices, though farmers are holding for better prices.
rdnewsnow.comCanadian PressOct 3, 2020After 334 past bearish weather events, Wheat (SRW) moved a median -0.2% over 5 sessions (47% higher; middle half -1.9% to +1.7%), 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.
