Sask Wheat's special tariff report reviews how potential US tariffs could affect Canadian wheat and durum. U.S. wheat futures fell sharply the prior week, driven mainly by tariff threats that triggered a sell-off in corn and wheat.
Chicago, Kansas and Minneapolis May contracts all closed lower on the week.
Tariff risk on Canadian wheat and durum flows into US and Canadian wheat pricing and trade routes, keeping downward pressure on futures.
After 375 past bearish trade events, Wheat (SRW) moved a median -0.2% over 5 sessions (47% higher; middle half -2.0% to +1.1%), and -0.1% over 20.
After 82 past bearish trade events, Wheat (HRW) moved a median -0.3% over 5 sessions (48% higher; middle half -2.8% to +1.9%), and +0.1% over 20.
After 683 past bearish trade events, Corn moved a median -0.2% over 5 sessions (47% higher; middle half -1.7% to +1.6%), and +0.3% over 20.
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.
Dated March 3, it describes the prior week's tariff-driven sell-off in wheat and corn, and the same tariff sentiment carried into the March 3 session.
Retrospective report confirms tariff threats triggered a corn and wheat sell-off during the week, supporting the trade-sentiment mechanism.