Statistics Canada reported that Prairie wheat prices rose for a fourth consecutive month in September, though the pace slowed as harvest supplies and stocks increased. Canola prices fell month over month as the new harvest added supply, while dry pea prices rose on strong exports and expectations of lower global production; slaughter-cattle prices declined amid greater supply, heavier carcasses and increased Australian beef imports.
The harvest pressured canola and wheat prices, while export demand and lower expected pea production supported peas. Higher slaughter-cattle availability and competing Australian imports weighed on cattle prices.
After 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.
After 144 past bearish report events, Live Cattle moved a median -0.1% over 5 sessions (49% higher; middle half -1.1% to +0.9%), and +0.5% over 20.
After 126 past bearish report events, Feeder Cattle moved a median +0.1% over 5 sessions (52% higher; middle half -1.3% to +2.0%), and +0.6% 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.