
Agriculture and Agri-Food Canada lowered its 2024/25 canola production forecast to 18.1 million tonnes from 18.365 million. It projects canola ending stocks will tighten to 1.65 million tonnes from 2.0 million in 2023/24.
Wheat production was raised to 34.593 million tonnes, and wheat ending stocks are forecast to rise to 4.4 million tonnes.
Tighter canola stocks support canola-based feed prices, while a larger wheat carryout is bearish for wheat as a feed grain. The combined effect is a firmer oilseed meal outlook and softer wheat values.
Setelah 1.006 peristiwa laporan bearish sebelumnya, Gandum (SRW) bergerak median +0,0% selama 5 sesi (50% lebih tinggi; separuh tengah -1,6% sampai +1,8%), dan +0,3% selama 20 sesi.
Pergerakan benchmark setiap komoditas dari penutupan terakhir sebelum peristiwa. Pembacaan historis menggabungkan peristiwa serupa di masa lalu; itu menggambarkan apa yang terjadi, bukan apa yang akan terjadi. Bukan nasihat investasi.