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Wheat bids fall along with U.S. futures

While the futures fell, many locations saw a rising basis

Hard red spring wheat bids in Western Canada fell slightly for the week ending Nov. 17, following decreases in the United States markets. Depending on the location, average Canada Western Red Spring (13.5 per cent protein CWRS) wheat prices were down $3 to $5 per tonne across the Prairie provinces, according to price quotes from […] Read more


Blooming rapeseed field at sunset

Canola prices likely capped by ample supplies

StatsCan has left canola projections unchanged in their 
most recent supply/demand tables

ICE Canada canola prices bounced around within a wide range during the week ended Nov. 17, but finished on a firmer note as a rally in Chicago Board of Trade soybeans gave canola a boost. Any strength was largely tied to chart-based speculative buying, with no real fresh fundamental news as far as canola is […] Read more



Wheat bids rise across Western Canada

U.S. futures rose, pulling Canadian prices right along with them

Hard red spring wheat bids in Western Canada rose for the week ending Nov. 9, following increases in the United States markets. Depending on the location, average Canada Western Red Spring (13.5 per cent protein CWRS) wheat prices were up C$8 to C$9 per tonne across the Prairie provinces, according to price quotes from a […] Read more


USDA report surprises oilseed market

Traders were expecting a lower yield number and when they didn’t get it, they reacted

ICE Futures Canada canola contracts may have finally topped out after the USDA’s monthly supply-and-demand report put the entire oilseed sector under pressure. Canola futures began climbing back in the early part of September, eventually rising above the $520-per-tonne mark. However, that changed on Thursday, November 9, when the USDA left its prediction for soybean […] Read more



Hard red spring wheat bids firm on Prairies

Basis levels varied a bit, but in general remained steady within an established range

Hard red spring wheat bids in Western Canada rose for the week ending Nov. 3, tracking action in the U.S. futures. Depending on the location, average Canada Western Red Spring (13.5 per cent protein CWRS) wheat prices were up C$3 to C$5 per tonne across the Prairie provinces, according to price quotes from a cross-section […] Read more


Fence and canola crop

An up-and-down week for canola prices

Prices hit highs not seen since summer but fell back by the end of the week

ICE Futures Canada canola futures touched some of their best levels since July during the week ended November 3, but ran into resistance at the highs and were right back where they started by Friday’s close. The January contract hit a session high of $522.50 per tonne on November 2, but was back below the […] Read more



Wheat bids rise across Prairies as loonie dips

December spring wheat was up 5.75 U.S. cents on the week in Minneapolis

Hard red spring wheat bids in Western Canada rose for the week ending Oct. 27. A drop in the Canadian dollar and gains in Minneapolis futures propped up prices. Depending on the location, average Canada Western Red Spring (CWRS, 13.5 per cent) wheat prices were up $11-$13 per tonne across the Prairie provinces, according to […] Read more


U.S. biofuel trade fight benefits canola futures

ICE Futures Canada pulls the plug on barley and wheat

ICE Futures Canada canola contracts climbed to their highest levels in more than two months during the week ended Oct. 27, as declines in the Canadian dollar and gains in U.S. soyoil provided double the support. The currency was the biggest driver, falling below 78 U.S. cents for the first time since July. The drop […] Read more



Concept of making money agriculture

Wheat bids mixed across Western Canada

A lower loonie added support where Minneapolis wheat futures weakened

Hard red spring wheat bids in Western Canada were mixed for the week ending Oct. 20 with slight gains in some areas and slight declines in others, as losses in Minneapolis futures were countered by a drop in the Canadian dollar. Depending on the location, average Canada Western Red Spring (CWRS, 13.5 per cent) wheat […] Read more


Canola draws strength from U.S. biofuel policy moves

Slim supplies of high-protein wheat held up MGEX futures

Canola futures knocked at upper resistance repeatedly over the week ended Oct. 20, but held rangebound for the most part before finally breaking higher on Thursday and Friday. Gains in Chicago soyoil provided the spark for the eventual move higher in the Canadian market, as veg oil markets reacted to news the U.S. Environmental Protection […] Read more