
Statistics Canada data show Canada's November merchandise trade produced a surprise monthly surplus of $526 million. Cumulative exports of lentils, peas, soybeans and corn are tracked against the prior year and five-year averages.
Export pace for Canadian grains and oilseeds sustains demand for Canadian soybeans and corn, but the trade surplus report itself has limited direct grain price impact.
After 563 past neutral report events, SOY moved a median -0.1% over 5 sessions (48% higher; middle half -1.7% to +1.6%), and -0.1% over 20.
After 770 past neutral report events, CORN moved a median +0.2% over 5 sessions (54% higher; middle half -1.1% to +1.6%), and +0.7% 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.