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Canadian grain farmers reported volatile prices after the invasion of Ukraine. Wheat spiked on Thursday and then fell on Friday as traders reacted to the conflict.
Farmers said they were sticking with planned crops rather than chasing market swings.
Price swings driven by the war create uncertainty for planting decisions, but the article reports no clear sustained price direction.
financialpost.comJake EdmistonFeb 25, 2022financialpost.comJake EdmistonFeb 25, 2022After 34 past bullish geopolitics events, Soybean Meal moved a median -0.2% over 5 sessions (47% higher; middle half -2.2% to +3.5%), and +1.2% over 20.
Not enough comparable past events yet for a historical read.
After 94 past bullish geopolitics events, Wheat (HRW) moved a median +0.1% over 5 sessions (50% higher; middle half -2.7% to +5.8%), and +0.1% over 20.
After 38 past neutral geopolitics events, Wheat (SRW) moved a median +0.1% over 5 sessions (53% higher; middle half -1.6% to +1.5%), and +0.8% 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.
