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Prairie wheat bids dragged down by rallying loonie

Minneapolis and Kansas City March wheat futures were both down on the week

Wheat bids in Western Canada were mostly weaker for the week ended Jan. 11, as a stronger Canadian dollar weighed on prices. Average Canada Western Red Spring (CWRS, 13.5 per cent protein) wheat prices were down, falling $3-$4 per tonne, according to price quotes from a cross-section of delivery points compiled by PDQ (Price and […] Read more


CBOT soy futures, currency, weak demand pile on canola

A lack of USDA reports adds an ongoing air of uncertainty

Canola contracts on the ICE Futures platform moved lower during the week ended Jan. 11, nearing major chart support as a number of factors conspired against the commodity. Losses in the Chicago Board of Trade soy complex were a major bearish influence on canola, as uncertainty over Chinese demand and looming South American crops weighed […] Read more



Western Canadian wheat bids down in most regions

Average CWRS prices in western and eastern Manitoba bucked the downward trend

Wheat bids in Western Canada were mostly down for the week ended Jan. 4 because of a stronger Canadian dollar. Average Canada Western Red Spring (CWRS, 13.5 per cent protein) wheat prices were down $1-$2, except in eastern and western Manitoba which were up $3-$5, according to price quotes from a cross-section of delivery points […] Read more


Canadian dollar’s holiday rally lifts ICE canola futures

A lack of USDA data leaves traders ‘buying the rumour’

The ICE canola futures market spent the holiday season like it usually does, paying attention to goings-on south of the border. However, near the end of the two-week holiday period, canola broke out on its own due to a rally in the Canadian dollar. The holidays were kicked off by a partial U.S. government shutdown, […] Read more



Good year for Prairie spring wheat, not so much for durum

Spring wheat prices are expected to see pressure in the new year

While spring wheat prices in Western Canada enjoyed a strong year, durum prices weren’t so lucky. Heading into 2019, spring wheat prices could fall victim to increasing global wheat acreage, while durum prices will need to see acreage fall. Data from the PDQ (Price and Data Quotes) show Canada Western Red Spring (CWRS, 13.5 per […] Read more


Close-up finger pointing on stock exchange chart

Human-made chaos disrupted market patterns this year

Trade disputes have added a new layer of unpredictability

A year ago, in an attempt to outsource the first column of 2018, written to meet a pre-Christmas deadline, I turned to computer algorithms for insight. The results were poetic, but largely indecipherable. The point then was that as much as technology can provide benefits, it still takes human knowledge to make sense of the […] Read more



Wheat and U.S. dollars

Western Canadian wheat bids up with U.S. futures

MGEX and K.C. March wheats climbed while CBOT March wheat slipped on the week

Wheat bids in Western Canada were mostly up for the week ended Dec. 14 on strength in U.S. futures and a weaker Canadian dollar. Average Canada Western Red Spring (CWRS, 13.5 per cent protein) wheat prices were mostly up $2-$7, except in eastern Manitoba where they were down $1, according to price quotes from a […] Read more


China flag

Canola trade watches, waits as China developments unfold

China’s initial purchases of U.S. soy were underwhelming

China was the theme of the week for commodity markets. Whether it was the ongoing drama between the U.S. and China or the Huawei executive case in Canada, China had all the North American commodity markets on edge for the week ended Dec. 14. As had been the case since the G20 meeting between U.S. […] Read more



Western Canadian wheat bids rise with U.S. futures

March wheat futures climbed by about one to three per cent on the week

Wheat bids in Western Canada were up for the week ended Dec. 7, as strength in U.S. futures provided support. Average Canada Western Red Spring (CWRS, 13.5 per cent protein) wheat prices were up $5-$7, according to price quotes from a cross-section of delivery points compiled by PDQ (Price and Data Quotes). Average prices ranged […] Read more


Blowback from Chinese CEO’s arrest may drag on markets

New data from StatsCan might (or might not) support canola

ICE Futures canola contracts moved higher during the week ended Dec. 7, although whether that trend continues is questionable. A rally in Chicago Board of Trade soybeans Monday morning (Dec. 3) provided the initial spark for a move higher in canola, as participants reacted to news of a tentative trade truce between the U.S. and […] Read more