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Southern Alberta seeding started slightly late, and analysts have not yet seen producers switching acres to shorter-season feed barley. Statistics Canada's April report projected barley area rising to 6.1 million acres from 5.8 million and spring wheat to 18.2 million from 15.8 million.
A larger barley and wheat acreage would add feed grain supply next year and could pressure prices, though seeding delays could still shift acres toward barley.
grainews.caGFM Network NewsMay 4, 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.
