Loading…
Statistics Canada data show the area planted to CPS wheat rose 48% to 1.4 million acres, mostly CPS Red in northern Alberta and Saskatchewan. U.S. HRW crops received beneficial rains and may approach record yields.
Expected larger HRW output and possible low protein levels would pressure Kansas City futures and calendar prices, lowering CPS bids in Canada.
marketsfarm.comBruce BurnettApr 26, 2019After 138 past bearish report events, KWHEAT moved a median +0.0% over 5 sessions (50% higher; middle half -2.9% to +2.4%), and +0.5% 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.
