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A Grain World crop tour of the Prairies estimated slightly larger Canadian wheat and canola yields for 2018-19 despite dry conditions and uneven growth. Durum yields were seen rising but remain below the five-year average.
Larger-than-feared Canadian canola and wheat yields reduce supply concerns and point to softer prices, though canola export demand from China remains a key uncertainty.
agcanada.comAGCanadaJul 26, 2018Not enough comparable past events yet for a historical read.
After 1,006 past bearish report events, Wheat (SRW) moved a median +0.0% over 5 sessions (50% higher; middle half -1.6% to +1.8%), and +0.3% 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.
