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Statistics Canada's first 2017 preliminary acreage report expects farmers to seed 23.2 million acres of wheat. The Sask Wheat outlook also reviews world wheat fundamentals and Saskatchewan and port price benchmarks.
Stable Canadian wheat acreage points to adequate supply, so the outlook is mostly neutral for feed wheat pricing unless weather or export demand changes.
saskwheat.caApr 24, 2017After 406 past neutral report events, Wheat (SRW) moved a median -0.2% over 5 sessions (47% higher; middle half -1.6% to +1.5%), and +0.0% 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.
