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FranceAgriMer reported 85% of the French soft wheat crop rated good to excellent in the week to April 17, down from 89% a week earlier. Statistics Canada put Canadian canola plantings at a record 22.4 million acres and wheat plantings at 23.2 million acres, slightly lower year on year.
Falling French crop ratings signal weather stress that could support European wheat prices. A record Canadian canola area adds to global oilseed supply, which weighs on canola meal values.
2agriculture.comVictoria MillsApr 21, 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.
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.
