# Commodities in wait-and-see mode - Agweek | #1 source for agriculture news, farming, markets

> An Agweek market commentary says old-crop US and Canadian grain demand is the main driver for the next 30 days, with markets awaiting spring acreage and trade decisions. It notes a well-supplied wheat market, dry US winter wheat conditions, and tight Canadian canola stocks.

- Date: 2017-02-13 · published 2017-02-13T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/72458-commodities-in-wait-and-see-mode-agweek-1-source-for-agriculture-news-farming
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md), [Canola Meal](https://feedsoft.ai/c/CANMEAL.md)

## Why it matters

The commentary describes a range-bound market awaiting direction, with dry US winter wheat a modest supportive factor for wheat prices.

## Read by commodity

- WHEAT: neutral
- KWHEAT: bullish ▲
- CANMEAL: neutral

## Sources

- agweek.com: https://www.agweek.com/opinion/commodities-in-wait-and-see-mode

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.