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U.S. drought keeps Prairie wheat bids climbing

Wheat futures rallied on conditions in Montana and North Dakota

Hard red spring wheat bids in Western Canada continued to rise with the rallying U.S. futures during the week ended June 30, as drought conditions in North Dakota and Montana worsened. Depending on the location, average Canada Western Red Spring (CWRS) wheat prices were up $33 to $37 per tonne across the Prairie provinces, according […] Read more


Oilseeds see sharp gains despite bearish reports

Traders are already second-guessing StatsCan on acres

ICE Futures Canada canola contracts climbed higher over the course of the week ended June 30, hitting their best levels in months, despite large North American oilseed acres confirmed by Statistics Canada and the U.S. Department of Agriculture. Record Canadian canola seedings and a six-million-acre increase in U.S. soybean area would typically be bearish for […] Read more



Prairie wheat bids rise amid concerns over U.S. wheat

Conditions in U.S. spring wheat areas raise questions over quality and yield

Hard red spring wheat bids in Western Canada posted gains during the week ended June 23, as continued concerns about yields and quality in the U.S. spring wheat crop pushed the market higher. Depending on the location, average Canada Western Red Spring (CWRS) wheat prices were up $6-$8 per tonne across the Prairie provinces, according […] Read more


canola field in bloom

Canola futures plummet ahead of StatsCan report

Traders’ acreage estimates lean toward bearish levels

ICE Futures Canada canola contracts dropped hard during the week ended June 23, hitting some of their lowest levels in months. The biggest losses were in the new-crop months, with improving crop weather and declines in the U.S. soy complex behind some of the selling pressure. The nearby July contract lagged to the downside, as […] Read more



CWRS wheat bids rising with U.S. weather concerns

A stronger loonie during the week accounted for a decline in basis levels

Hard red spring wheat bids in Western Canada continued to rise with U.S. futures during the week ended June 16, as hot and dry conditions in the major wheat-growing regions of the Dakotas and Montana floated all boats. Depending on the location, average Canada Western Red Spring (CWRS) wheat prices were up by $7-$10 per […] Read more


Strengthening loonie beats strengthening vegetable oil

Rain on the Prairies is also bearish on canola futures

It was a volatile time for the ICE Futures Canada canola market during the week ended June 16 as the weight of the rising Canadian currency offset gains in 
vegetable oil. The most active November canola contract lost $6.70 to fall to $488.20 by Friday’s close. The nearby July contract lost just 50 cents as […] Read more



GRAINS-Soy hits 17-month low, corn 2-month low on benign U.S. weather

(Updates U.S. market to close) By Michael Hirtzer CHICAGO, June 22 (Reuters) – U.S. soybean futures touched a 17-month low and corn fell to a roughly two-month low on Thursday, pressured by forecasts for cooler weather conditions that could reduce stress on developing crops, traders and analysts said. Chicago Board of Trade wheat futures followed […] Read more

GRAINS-Soy hits 17-month low, corn 2-month low on benign U.S. weather

(Recasts; updates prices, adds analyst comments; changes byline, dateline, previously PARIS/SINGAPORE) By Michael Hirtzer CHICAGO, June 22 (Reuters) – U.S. soybean futures touched a 17-month low and corn fell to a roughly two-month low on Thursday, pressured by forecasts for cooler weather conditions that could reduce stress on developing crops, traders and analysts said. Chicago […] Read more


Concept of making money agriculture

CWRS wheat bids rise with temperatures

Conditions in major spring wheat-growing regions boosted MGEX wheat futures

Hard red spring wheat bids in Western Canada climbed higher during the week ended June 9, as hot and dry conditions in some of the major spring wheat-growing regions of the U.S. and Canada led to a rally in the Minneapolis futures. Depending on the location, average Canada Western Red Spring (CWRS) wheat prices were […] Read more


Dry conditions on Prairies support ICE canola futures

USDA’s WASDE report painted a clearer supply picture

The canola market edged higher on the week as investors short-covered in the face of weather concerns in Western Canada. Positioning into a report from the U.S. Department of Agriculture was also a feature, though the data was less of a market mover than weather-based influences. Ahead of the weekend, traders were looking for rain, […] Read more