# Futures Trade on Statistics Canada Production Report Day

> Analysts preview Statistics Canada's first 2019-20 production estimates, noting that AAFC figures already fall within pre-report trade expectations. The article also reviews historical price moves in canola, spring wheat and oat futures on report days.

- Date: 2019-08-27 · published 2019-08-27T12:00:00.000Z
- Category: report · region Canada · magnitude low
- Page: https://feedsoft.ai/events/57626-futures-trade-on-statistics-canada-production-report-day
- Commodities: [Canola Meal](https://feedsoft.ai/c/CANMEAL.md), [Oats](https://feedsoft.ai/c/OATS.md)

## Why it matters

Expectations are for no major surprise, so the report is unlikely to shift grain prices much, though the USDA's recent revisions have raised doubts about the data.

## Read by commodity

- OATS: neutral
- CANMEAL: neutral

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| OATS | 2019-08-28 | 1 | +10.3% | 7.2 | Statistics Canada's first 2019-20 production estimates were due around Aug 27-28, and report-day positioning in oat futures could plausibly have driven a sharp move via supply-expectation repricing. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| OATS | 2016-07-21 | [Canada’s grain production forecast flat \| World-grain.com \| July 21, 2016 19:19 \| World Grain](https://feedsoft.ai/events/11817-canada-s-grain-production-forecast-flat-world-grain-com-july-21-2016-19-19.md) | -4.3% | -17.1% |
| OATS | 2017-11-06 | [The Catch-22 of oat production - Country Guide](https://feedsoft.ai/events/68030-the-catch-22-of-oat-production-country-guide.md) | +3.4% | -8.3% |
| OATS | 2024-02-26 | [Oat producers call chlormequat report fear mongering](https://feedsoft.ai/events/31721-oat-producers-call-chlormequat-report-fear-mongering.md) | +3.8% | -1.7% |
| OATS | 2018-09-23 | [World oats production holds steady - Grain Central](https://feedsoft.ai/events/63079-world-oats-production-holds-steady-grain-central.md) | +4.6% | +16.7% |
| OATS | 2019-08-29 | [Large oat production won’t move prices](https://feedsoft.ai/events/5698-large-oat-production-won-t-move-prices.md) | +8.3% | +6.4% |

## Sources

- dtnpf.com: https://www.dtnpf.com/agriculture/web/Ag/blogs/canada-markets/blog-post/2019/08/27/futures-trade-statistics-canada-day

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.