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Agriculture Canada's first seeding intentions analysis expects western Canadian cereal and oilseed acres to rise about 2%, while pulse and specialty crop acres fall about 20%. Wheat seeded area is forecast up 4%, with durum up about 5%.
Higher Canadian cereal and oilseed acres add to supply, while the expected durum increase lifts supply during a period of low U.S. durum stocks. Overall grain prices are weighed by the larger crop outlook.
producer.comMichael RaineJan 29, 2018After 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.
Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
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.
