
FCC's October outlook update expects 2022-23 Canadian crop prices to remain strong but fall from the 2021-22 record highs. It cites low beginning stocks and high global demand as key price drivers, with Western crop margins expected to stay strong through fall marketing.
Low Canadian stocks and firm global demand support grain and oilseed prices into the fall marketing season, a signal for feed grain and meal costs.
Not enough comparable past events yet for a historical read.
After 1,040 past bullish report events, Corn moved a median +0.5% over 5 sessions (62% higher; middle half -0.9% to +2.0%), and +0.8% over 20.
After 769 past bullish report events, Wheat (SRW) moved a median +0.2% over 5 sessions (53% higher; middle half -1.4% to +2.0%), and +0.2% 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.