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Cold, wet weather through September and early October slowed harvest in Alberta and Saskatchewan and downgraded crops to feed grade. Feed grain prices in Alberta fell around 70 cents per bushel for feed wheat as producers rushed to sell high-moisture grain.
Heavy farmer selling of downgraded wheat and barley floods the feed market and pushes local feed grain prices lower, with feedlots able to wait for better prices.
producer.comAshley Robinson, Commodity News Service CanadaOct 22, 2018After 334 past bearish weather events, Wheat (SRW) moved a median -0.2% over 5 sessions (47% higher; middle half -1.9% to +1.7%), and -0.2% over 20.
Not enough comparable past events yet for a historical read.
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.
