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Statistics Canada's June merchandise trade data showed a C$3.6 billion monthly trade deficit, the fifth consecutive deficit. Total exports fell 4.3% in June, while wheat export values hit a 16-month high and canola export values were the second-lowest in eight months.
Canadian soybean exports were at a record pace for 2016/17.
Strong wheat and soybean export pace supports demand for Canadian supplies. The weaker canola export value reflects softer canola demand in the period.
dtnpf.comCliff JamiesonAug 4, 2017After 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.
After 747 past bullish report events, Soybeans moved a median +0.3% over 5 sessions (54% higher; middle half -1.4% to +2.1%), and +0.8% over 20.
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.
