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Canada's primary elevator stocks rose for a fourth straight week to 4.62 million tonnes in week 28, up 25% year over year. Blockades have slowed rail movement and cancelled thousands of hopper cars.
Rising stocks signal slower grain movement and tight country capacity, which can weigh on Canadian cash prices while adding to export logistics costs.
dtnpf.comCliff JamiesonFeb 21, 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.
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.
