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Winter wheat

Provincial seeding progress is about four per cent complete and slightly behind the 5-Year average of nine per cent for week 18.
Crop Report, Crops, News

Seeding progress delayed by recent rainfall

Manitoba Crop Report: Issue 2 (week 18)

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Seeding progress across the province has been delayed with recent rains and currently sits at approximately 4 per cent of the acres being seeded. Producers have begun seeding spring wheat, barley, oats, and corn. The Central region is most advanced with approximately 12 per cent of each of the major cereals planted. Weeds are quickly
Photo: Thinkstock
Grain Markets, Markets

Wheat market breaks dormancy

Expert’s Radar: Markets climb out of rangebound position on news from around the world

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After a long winter, plants are starting to shoot up. Similar activity can be seen in the wheat market. Values broke dormancy during the week ended April 26. Charts: Minneapolis spring wheat gained 55 cents per bushel in the span of a week, while Kansas City hard red winter wheat was up by 65 cents.
Photo: Thinkstock
Cereals, Crops, Markets

Prairie wheat bids climb with U.S. futures

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Spring wheat bids in Western Canada climbed higher during the week ended April 25, as a rally in United States futures provided support. Chart-based speculative buying was behind much of the strength in the futures, as fund traders bought back some of their large net short position. Declining crop ratings for U.S. winter wheat, the
Wheat bids in Western Canada are a far cry from where they were at this time a year ago, but unlike canola, the demand is still strong for Canadian wheat.
Grain Markets, Markets

Wheat prices stuck in sideways pattern

Minneapolis wheat has been hovering just above contract lows for two months

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North American wheat markets have been treading water for the past few months, with prices struggling to show much life. Minneapolis spring wheat, the most closely related futures contract to the Prairie cash market, has held in a sideways range just above contract lows for the better part of two months, with no indication that
U.S. wheat sales to China cancelled
Markets, News

U.S. wheat sales to China cancelled

USDA confirms more cancellations of U.S. soft red wheat sales to China

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Reuters – Private exporters canceled sales of 264,000 tonnes of U.S. soft red winter wheat that had been booked for delivery to China, the U.S. Department of Agriculture confirmed March 11. It was the third cancellation in as many business days and the largest of the three, following two cancellations totaling 240,000 tonnes in the
One of the major factors that pulled canola prices lower until recently was a huge influx of South American soybeans coming on the market.
Grain Markets, Markets

Canola prices higher in rangebound movement

Spring rally still expected, but it may not be a sharp uptick this year

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There isn’t much to be overly concerned about now regarding canola futures on the intercontinental exchange. Despite declines, the Canadian oilseed remained a fair bit higher than a week ago. This is pleasant news, given how canola has tumbled downward in recent months. In short, canola can be seen as rangebound. There is a deficit
China backs out of Aussie wheat sales
Markets, News

China backs out of Aussie wheat sales

Australia joins the U.S., which has also seen recent Chinese wheat sales fall through

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Chinese wheat importers have cancelled or postponed about one million tonnes of Australian wheat cargoes, said trade sources with direct knowledge of the deals, as growing world stockpiles drag down prices. The news comes after the U.S. government recently reported cancellation of more than 500,000 tonnes of U.S. soft red winter wheat exports to China, the world’s

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