
Statistics Canada data show Prairie farm-gate wheat prices, excluding durum, rose for a fourth straight month in September, up 15.4% to 19.5% year on year. Canola prices fell 6.1% to 6.6% from August as new-crop supply increased, and slaughter cattle, feeder cattle and hog prices also declined across most provinces.
Rising wheat values and falling canola, cattle and hog prices reflect tighter grain supply against heavier livestock supply and weaker feedlot margins. Lower canola and livestock prices point to cheaper meal and protein inputs for feed buyers, while firmer wheat prices raise feed grain costs.
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.
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.