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An AMIS Market Monitor summary reports 2018 world wheat production rose slightly but remains well below last year's record. Wheat use in 2018/19 is expected to expand despite lower feed use, and world wheat trade is headed for a small decline.
The outlook report also includes Canadian elevator and export price benchmarks.
A small expansion in use and a modest trade decline leave the wheat balance broadly stable, with limited direct price impact.
saskwheat.caOct 9, 2018After 406 past neutral report events, Wheat (SRW) moved a median -0.2% over 5 sessions (47% higher; middle half -1.6% to +1.5%), and +0.0% 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.
