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A Saskatchewan market outlook presentation said the world has a record wheat carry-out, which will limit price upside. Malt barley is about C$5-5.25 with ample supply, and pea and lentil prices are seen capped by record production.
Record world carry-out and large Canadian pulse crops point to limited price gains for feed grains and pulses in the near term.
swiftcurrentonline.comJan 30, 2017After 1,006 past bearish report events, Wheat (SRW) moved a median +0.0% over 5 sessions (50% higher; middle half -1.6% to +1.8%), and +0.3% over 20.
Not enough comparable past events yet for a historical read.
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.
