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Grainews outlines post-harvest factors for Prairie growers, including hot, dry weather that brought an early and roughly average crop and high-protein wheat up to 17%. It notes that U.S.-China trade talks have not produced an agreement, which is pushing U.S. soybean futures lower.
Canada's pulse tariffs are also discussed.
With China absent as a buyer of U.S. soybeans, prices stay pressured, and a shift of acres away from soybeans next spring could weigh on other crops.
grainews.caBrian WittalSep 27, 2018After 803 past bearish trade events, Soybeans moved a median +0.0% over 5 sessions (51% higher; middle half -1.7% to +1.7%), and +0.9% over 20.
After 206 past neutral trade events, Wheat (SRW) moved a median +0.1% over 5 sessions (53% higher; middle half -1.3% to +1.6%), 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.
