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Canadian Grain Commission data show total 2019/20 exports of Canada's grain, oilseed and pulse crops reached 17.6 million tonnes through December, versus 20.7 million a year earlier. The shortfall is attributed mainly to a sharp drop in shipments to China.
Weaker Chinese purchases of Canadian grain point to softer export demand and pressure on wheat prices, with Canadian exporters seeking other buyers.
producer.comsaskatoonnewsroomJan 31, 2020After 375 past bearish trade events, Wheat (SRW) moved a median -0.2% over 5 sessions (47% higher; middle half -2.0% to +1.1%), and -0.1% 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.
