◂ Event Timeline

Apr 9, 2019REPORTGlobal

Tighter wheat stocks; reduced Canadian canola exports; cotton consumption down: USDA

USDA's April Oilseeds report cut Canada's 2018-19 canola export forecast by 1 million tonnes to 10.6 mt due to the China dispute, and noted tightening world wheat stocks. The report said Canada needs a quick resolution with China to reach its forecast.

WHY IT MATTERS

Lower Canadian canola exports tighten nothing globally since stocks rise, but the wheat stock tightening is mildly supportive for wheat prices.

AFFECTSCanola Meal▼Wheat (SRW)▲

SOURCE
graincentral.comGrain CentralApr 9, 2019

Price reaction & history

Canola Meal▼bearish

Not enough comparable past events yet for a historical read.

Wheat (SRW)▲bullishSO FAR1d -0.2%5d -0.5%20d -10.8%

After 769 past bullish report events, Wheat (SRW) moved a median +0.2% over 5 sessions (53% higher; middle half -1.4% to +2.0%), and +0.2% over 20.

May 11, 2018Record grain consumption drives stocks down : USDA - Grain Central-0.6%
Aug 28, 2025Global Wheat Stocks Tighten as U.S. Exports Gain Pace+0.1%
Apr 14, 2020COVID-19 lifts prices despite big wheat stocks: USDA - Grain Central-2.1%
Dec 10, 2024USDA forecasts lower US wheat stocks, raises corn exports in latest WASDE report | Feed & Grain-0.2%
Aug 17, 2021USDA slashes global wheat production - Grain Central+0.1%

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.

Canola Meal CANMEAL · GP ▸

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Wheat (SRW) WHEAT · GP ▸

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