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A weekly Saskatchewan wheat outlook reports that USDA's September figures show global wheat production down 3% from last year to a four-year low. The largest declines are in the European Union and Russia, which together fall by 28 million tonnes.
Benchmark elevator and export prices are also provided.
A four-year low in world wheat output, led by the EU and Russia, tightens export supplies and supports wheat values. Lower world supply may also push feed buyers toward corn and barley substitutes.
saskwheat.caSep 24, 2018After 180 past bullish report events, Wheat (HRW) moved a median +0.4% over 5 sessions (53% higher; middle half -2.1% to +3.7%), and -0.6% over 20.
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.
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.
