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A USDA report says Canada's food and agricultural supply chains have remained resilient during COVID-19, with planting decisions unaffected by input availability. It notes that demand for flour and pasta has supported Canadian hard red spring wheat and durum prices, while weaker ethanol demand has limited Canadian corn deliveries.
Stable supply chains mean no new supply shock, while lower ethanol demand weakens Canadian corn and DDGS demand. The report describes conditions rather than a new price driver.
seedworld.comSeed World CanadaSep 2, 2020After 1,102 past bearish report events, Corn moved a median -0.2% over 5 sessions (47% higher; middle half -1.8% to +1.3%), and +0.0% over 20.
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.
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.
