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Weather supportive for canola crops, albeit not for prices

Uncertainty also continues over U.S. soybean acreage

ICE canola futures fell hard during the week ended July 5, hitting fresh contract lows in the process as improving North American weather conditions weighed on prices and bearish technical signals had speculators adding to their short positions. The canola market was closed Monday for Canada Day while the Chicago futures market was closed on […] Read more


Wheat bids turn out mixed across the Prairies

Minneapolis, Chicago and Kansas City September wheats were all down on the week

Western Canadian wheat bids varied during the week ended June 21, with strong gains observed in CWRS bids along with mixed CPSR bids and steady CWAD bids. Average Canada Western Red Spring (CWRS, 13.5 per cent protein) wheat prices were down $5-$8, except for in eastern Manitoba, where prices were only down by 65 cents, […] Read more



Action in oilseed markets swings on weather forecasts

Precipitation on the Prairies will steer canola values

In the constant battle between influences weighing on values or providing support for canola bids, last week came down to a battle between our rainfall versus their rainfall. On the Prairies, starting Father’s Day, precipitation brought struggling crops a little bit of a boost at a critical stage in their development. The Prairies have been […] Read more


Western Canadian wheat bids up in all classes

Gains in Kansas City and Chicago wheat futures offered up some support for cash prices

Wheat bids in Western Canada were up across the board for the week ended June 14. There were gains in Canada Western Red Spring Wheat (CWRS), Canada Prairie Spring Red (CPSR) and Canada Western Amber Durum (CWAD). Weakness in the Canadian dollar and gains in Kansas City and Chicago wheat futures provided support; a decrease […] Read more



Blooming rapeseed field at sunset

Lingering old-crop supplies limit canola futures’ climb

U.S. seeding delays could lift spring wheat — but not yet

ICE Futures canola contracts moved higher during the week ended June 14, but ran into upside resistance as conflicting influences pulled on the market. Weather concerns, both in the United States and Canada, were a major supportive influence. Excessive moisture across the U.S. Midwest has left many intended corn acres unplanted. Soybeans can go in […] Read more


CWRS, CPSR bids mixed across Prairies

Minneapolis July wheat futures were up on the week, while K.C. July wheat fell

Western Canadian wheat bids were mixed during the week ended June 7, with strong gains observed in Canada Western Red Spring (CWRS) wheat and a drop in Canada Prairie Spring Red (CPSR) values. Average CWRS (13.5 per cent protein) wheat prices were up by between $2 and $5, according to price quotes from a cross-section […] Read more



Dry conditions on Prairies spur rally in canola values

Chicago futures may slip if U.S. growers are able to plant

By far the biggest factor for canola bids this past week was the weather. Persistent dry conditions throughout much of Western Canada have continued to provide a weather premium for canola, which helped to spur a 10-day rally that ended June 6. Starting May 24, the July ICE contract gained $12.90 per tonne to reach […] Read more


CWRS, CPSR wheat bids up across the Prairies

MGEX, CBOT and K.C. July wheat futures were all up significantly on the week

Western Canadian wheat bids were up during the week ended May 31, with strong gains observed across the Prairies. Average Canada Western Red Spring (CWRS, 13.5 per cent protein) wheat prices were up $4-$7, according to price quotes from a cross-section of delivery points compiled by PDQ (Price and Data Quotes). Average prices ranged from […] Read more



soybeans

Weather-related soybean rally supportive for ICE canola futures

Trump’s threat of a trade war with Mexico could be bearish

ICE Futures canola contracts climbed higher during the week ended May 31, as a rally in the Chicago Board of Trade soy complex provided spillover support. The slow pace of spring seeding in the United States catalyzed the rally in Chicago soybean and corn markets, with heavy rains keeping Midwestern farmers off of their fields. […] Read more


Cash CWRS, CPSR bids show strength on Prairies

Minneapolis, Kansas City and Chicago July wheat futures were all up on the week

Western Canadian wheat bids were mostly up during the week ended May 24, with steady gains observed across the Prairies. Average Canada Western Red Spring (CWRS, 13.5 per cent protein) wheat prices were up by $8-$8.50, according to price quotes from a cross-section of delivery points compiled by PDQ (Price and Data Quotes). Average prices […] Read more