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Western Canadian wheat bids finish week mixed

Cash wheat values took support from U.S. futures against a stronger Canadian dollar

Hard red spring wheat bids in Western Canada held rangebound in most locations during the week ended Sept. 14, with small gains in some areas and small losses in others, as the futures held reasonably steady and the Canadian dollar strengthened. Average Canada Western Red Spring (CWRS, 13.5 per cent protein) wheat prices were within […] Read more


Canola gets technical support against USDA production data

Crush margins have slipped to historically low levels

The ICE Futures canola market suffered losses during the week ended Sept. 17, but the front-month November contract enjoyed some technical support, which allowed it to stay above the key $490-per-tonne mark. The main item dominating the headlines was a bearish production report from the U.S. Department of Agriculture that weighed down oilseed markets in […] Read more



Dropping U.S. futures drag Prairie wheat bids lower

Minneapolis, Chicago and Kansas City December wheat all dropped significantly on the week

Wheat bids in Western Canada were down again for the week ended Sept. 7, following the lead of U.S. futures markets. While U.S. futures dropped significantly, a weaker Canadian dollar held back losses for Prairie wheat bids. Average Canada Western Red Spring (CWRS, 13.5 per cent protein) wheat prices were down $1-$2 per tonne, according […] Read more


Harvest uncertainty holds canola in sideways trench

StatsCan’s reports did little to move markets either way

ICE Futures canola contracts held within a rather narrow range during the week ended Sept. 7, with even a pair of Statistics Canada reports unable to break the market out of its sideways pattern. Prairie harvest operations are moving north, and weather conditions and yield reports will be followed closely for at least the next […] Read more



Prairie wheat bids down again with U.S. futures

Minneapolis, Chicago and Kansas City December wheat futures were all down on the week

Wheat bids in Western Canada continued to fall during the week ended Aug. 30, following the lead of the U.S. futures markets. Average Canada Western Red Spring (CWRS, 13.5 per cent) wheat prices were down by $4 to $6 per tonne, according to price quotes from a cross-section of delivery points compiled by PDQ (Price […] Read more


StatsCan data lifts, U.S. soy drags on canola futures

Trade talks add volatility on the Canadian dollar

Canola futures found themselves in a sea of volatility during the week ended Aug. 31 as trade negotiations, an improving weather situation across Western Canada and a key report by Statistics Canada took turns pulling futures up and down. The government agency, in its Aug. 31 report, estimated Canadian canola production at 19.2 million acres, […] Read more



Prairie wheat bids follow U.S. futures higher

Chicago and K.C. September wheat futures rose on the week while Minneapolis wheat slipped

Hard red spring wheat bids in Western Canada climbed higher during the week ended Aug. 17, taking direction from most of the U.S. futures markets. Average Canada Western Red Spring (CWRS, 13.5 per cent protein) wheat prices were up $6-$9 per tonne, according to price quotes from a cross-section of delivery points compiled by PDQ […] Read more


Expectations for U.S. crops likely to drag on canola market

New crop estimates are due out from StatsCan next week

ICE canola contracts moved higher during the week ended Aug. 17, although the market remains rangebound overall with seasonal harvest pressure and a large U.S. soybean crop likely to temper the upside going forward. From a chart standpoint, the November contract remains stuck in a $50 range between $475 and $525 per tonne. Statistics Canada […] Read more



CWRS wheat bids rise, but run into resistance

Minneapolis, Chicago and Kansas City futures backed off from their nearby highs

Hard red spring wheat bids in Western Canada edged higher during the week ended Aug. 10, although the U.S. futures backed away from their nearby highs and the North American wheat market showed signs of running into resistance. Average Canada Western Red Spring (CWRS, 13.5 per cent protein) wheat prices were up by $1-$2 per […] Read more


Canola finds independent strength against soybeans

The switch from Winnipeg to New York weighed on volumes

Canola futures held up surprisingly well during the week ended August 10 as a heat wave in the Canadian Prairies overpowered the bearish effects of a U.S. Department of Agriculture report that predicted a record soybean crop in the U.S. ICE’s front-month November canola contract closed on Friday, Aug. 10 at $504.90 a tonne, over […] Read more