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Canadian farmers are weighing 2019 planting decisions as US-China trade and weather shape expectations. Advisor Marlene Boersch says trade tariffs could change US soybean acreage, which would affect corn and wheat supplies.
Droughts in Australia and India are also cited as threats to global supply.
Expected shifts in US soybean acres from trade tensions could alter corn and wheat supply outlooks, while Australian and Indian drought adds support to global prices.
grainews.caGFM Network NewsDec 4, 2018After 250 past neutral trade events, Soybeans moved a median +0.0% over 5 sessions (50% higher; middle half -1.4% to +1.6%), and -0.2% over 20.
After 480 past neutral trade events, Corn moved a median +0.2% over 5 sessions (54% higher; middle half -1.1% to +1.6%), and +0.7% over 20.
After 431 past bullish trade events, Wheat (SRW) moved a median +0.0% over 5 sessions (50% higher; middle half -1.3% to +2.1%), 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.
