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Statistics Canada's June survey put 2020 seeded area at 25.0 million acres of wheat (up 1.5%), 7.5 million acres of barley (up 1.4%), 3.8 million acres of oats (up 6.5%) and 20.8 million acres of canola (down 0.8%). Soybean area fell 11.3% to 5.1 million acres.
Higher oat and barley area increases feed grain supply, while lower canola area tightens canola meal availability. Feed buyers should expect firmer canola meal and softer oat and barley values.
cjwwradio.comJun 29, 2020After 72 past bearish report events, Oats moved a median +0.2% over 5 sessions (50% higher; middle half -3.7% to +3.8%), and -2.5% over 20.
Not enough comparable past events yet for a historical read.
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.
