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A weekly Saskatchewan wheat outlook cites International Grains Council projections that world wheat production for the 2017/18 crop year will fall 15 million tonnes to 733 million tonnes. The report also includes primary elevator bids and export price tables.
A projected drop in global output would tighten world supplies and support wheat prices, though the report is routine in format.
saskwheat.caMar 27, 2017After 497 past report events, Wheat (HRW) moved a median +0.2% over 5 sessions (51% higher; middle half -2.5% to +2.8%), and -0.3% over 20.
After 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.
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.
