Loading…
Reuters survey estimates Canadian canola stocks at 6.7 million tonnes as of March 31, down 22 percent year over year to a four-year low. Wheat supplies rose 27 percent to a three-year high of 18.3 million tonnes, with durum stocks nearly doubling.
Low canola stocks support oilseed and meal prices, while higher wheat stocks, partly of feed-quality durum, add feed supply.
agcanada.comAGCanadaMay 1, 2017Not enough comparable past events yet for a historical read.
After 1,006 past bearish report events, WHEAT 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.
