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Prairie wheat bids continue on trek downward

MGEX December spring wheat futures dropped more than 25 U.S. cents on the week

Hard red spring wheat bids in Western Canada softened yet again during the week ended Sept. 15, as downward action in U.S. futures dragged on values. Depending on the location, average Canada Western Red Spring (CWRS) wheat prices were down $5-$6 per tonne across the Prairie provinces, according to price quotes from a cross-section of […] Read more


Harvest time - combine at canola field

U.S. soy, Prairie weather help halt canola’s skid

A new USDA report was briefly bearish for corn and soy

ICE Future Canada canola contracts managed to halt their recent trek downward on the charts through a mix of weather issues, speculative buying and upward action in U.S. soybeans. However, strength in the Canadian dollar and the continuing oilseed harvest throughout North America were still bearish forces for the commodity during the week ended Sept. […] Read more



Rising loonie cuts into western Canadian wheat bids

Seasonal harvest pressure also drags on cash wheat values

Hard red spring wheat bids in Western Canada continued to trend lower during the week ended Sept. 8, as seasonal harvest pressure and a soaring loonie weighed on values despite gains in the Minneapolis futures. Depending on the location, average Canada Western Red Spring (CWRS) wheat prices were down by $2-$6 per tonne across the […] Read more


Off-the-combine sales are bearish on canola values

Irma and Harvey create a cautious tone in U.S. markets

ICE Futures Canada canola contracts fell to the bottom edge of their two-month trading range during the week ended Sept. 8, as seasonal harvest pressure and a soaring loonie provided a double whammy of bearish news. Weather conditions were close to ideal for farmers to make good progress across much of the Prairies, and the […] Read more



Hard red wheat bids drop with U.S. harvest pressure

Lower MGEX wheat futures and a rising loonie also drag on cash prices

Hard red spring wheat bids in Western Canada moved lower for the sixth straight week during the week ended Sept. 1, as an advancing U.S. harvest, declines in Minneapolis futures, and a rising Canadian dollar all weighed on local prices. Depending on the location, average Canada Western Red Spring (CWRS) wheat prices were down by […] Read more


U.S. soy, corn growers take stock after Harvey

StatsCan’s canola outlook is within trade estimates

The effects of Hurricane Harvey on soybean-growing weather and energy markets made for a choppy canola market during the week ended Aug. 31. The frenetic week ended with Statistics Canada’s production estimates, which made for an interesting question: was it bullish or bearish? The initial response seemed to indicate investors were mildly reassured by the […] Read more



Prairie wheat bids continue downtrend

A rising loonie and falling U.S. wheat futures drag on cash wheat values

Hard red spring wheat bids in Western Canada during the week ended Aug. 18 moved lower for a fourth consecutive week as declines in U.S. futures and strength in the Canadian dollar weighed on prices. Depending on the location, average Canada Western Red Spring (CWRS) wheat prices were down by $1-$4 per tonne across the […] Read more


Fundamentals help canola get back above $500 mark

U.S. wheat futures slip on improving conditions

It was a choppy time for canola contracts during the week ended Aug. 18, but underlying fundamentals have pushed the front-month contracts above the psychologically important $500-per-tonne mark. Questions are growing about next year’s carry-out, as current trade guesses put the crop somewhere between 17.5 million and 19.5 million tonnes. A lot of the crop […] Read more



Prairie wheat bids continue descent

Cash wheat values follow U.S. wheat futures’ loss of altitude

Wheat bids in Western Canada continued to soften during the week ended Aug. 11, feeling the pull of downward action in U.S. futures. Depending on the location, average Canada Western Red Spring (CWRS) wheat prices were down by $14-$16 per tonne across the Prairie provinces, according to price quotes from a cross-section of delivery points […] Read more


Wheat and US dollars

Bearish USDA report drags on U.S. commodity futures

A sinking loonie worked in canola futures’ favour

The canola market continues to be locked in sideways trade, even as a bearish U.S. Department of Agriculture report temporarily rocked the oilseed world. USDA on Aug. 10 released its monthly supply-and-demand report, in which it raised its estimate for this year’s U.S. soybean harvest to 4.4 billion bushels, a figure nearly on par with […] Read more