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The Sask Wheat weekly outlook reports that disappointing harvests in Europe and the Black Sea led the IGC to cut global wheat production. It provides Saskatchewan elevator bids, grain spreads and FOB port price tables for producers.
Lower European and Black Sea output tightens the global wheat balance, supporting export prices and the value of Canadian wheat.
saskwheat.caJul 27, 2020Not enough comparable past events yet for a historical read.
After 497 past report events, Wheat (HRW) moved a median +0.2% over 5 sessions (51% higher; middle half -2.5% to +2.8%), and -0.3% 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.
