Loading…
The Sask Wheat weekly outlook of June 15 covers the June 11 USDA WASDE report, which contained no major changes from expectations. Wheat stocks rose, which made bears somewhat nervous.
A WASDE with no surprises and higher stocks keeps wheat prices under pressure from ample world supplies.
saskwheat.caJun 15, 2020After 1,006 past bearish report events, Wheat (SRW) moved a median +0.0% over 5 sessions (50% higher; middle half -1.6% to +1.8%), and +0.3% 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.
