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Statistics Canada's fall crop survey shows national canola output down 8.3% to 18.6 million tonnes, its lowest since 2015, with Saskatchewan and Alberta both lower. Wheat, barley and oat production rose nationally.
A smaller canola crop tightens supply of canola meal for feed, supporting its price, while larger barley and oat supplies weigh on those feed grains.
620ckrm.comHarvard MediaDec 6, 2019Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
After 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.
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.
