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Hard red spring wheat bids correct lower

Hard red spring wheat bids in Western Canada ran into some technical resistance during the week ended July 7, as the rally that had sustained a meteoric rise in wheat country subsided on ideas the gains were overdone. Depending on the location, average Canada Western Red Spring (CWRS) wheat prices were down by $17-$22 per […] Read more


Canola traders consider stress on crops from heat

ICE Futures Canada canola futures have officially entered what one analyst calls “the silly season weather market.” Futures went through the proverbial roof the week of July 3 on concerns that a Prairie heat wave would stress the crop during its critical flowering period. The dominant November contract climbed $19.30, to hit $517.30 by that […] Read more



Mainly culls, bulls put up for sale during slow week

Beef demand should taper off as July’s holidays pass

Just a few auction yards remain open in Manitoba as ranchers enter the summer season. About 640 head were shown to buyers during the week ended June 30, down from 827 the previous week. Of the three major outlets still operating in July, just two held sales. According to Rick Wright of Heartland Order Buying […] Read more


Prairie wheat bids rise amid concerns over U.S. wheat

Conditions in U.S. spring wheat areas raise questions over quality and yield

Hard red spring wheat bids in Western Canada posted gains during the week ended June 23, as continued concerns about yields and quality in the U.S. spring wheat crop pushed the market higher. Depending on the location, average Canada Western Red Spring (CWRS) wheat prices were up $6-$8 per tonne across the Prairie provinces, according […] Read more



Summer slowdown begins for Manitoba auction marts

Signals point to a market getting set to weaken

The dog days of summer have arrived at auction marts in Manitoba, as just 827 cattle were sold during the week ended June 23, well down from the previous week when 1,890 animals were sold. Prices stayed relatively firm, however, with some mild strengthening on a few of the light heifer classes. For instance, heifers […] Read more


Strengthening loonie beats strengthening vegetable oil

Rain on the Prairies is also bearish on canola futures

It was a volatile time for the ICE Futures Canada canola market during the week ended June 16 as the weight of the rising Canadian currency offset gains in 
vegetable oil. The most active November canola contract lost $6.70 to fall to $488.20 by Friday’s close. The nearby July contract lost just 50 cents as […] Read more



Consistent demand supports prices ahead of slowdown

Many producers may be wishing they had more to sell

Cattle prices remained firm at Manitoba auction marts during the week ended June 9. Bids for steers (400-500 lbs.) rose $3-$5 per hundredweight on average with other lightweight animals also showing slight improvements. The heavier-class animals posted gains with heifers (600-700 lbs.) rising roughly $5-$10. “All the classes look strong; some guys are making $400 […] Read more


Prairie red spring wheat bids break out of doldrums

MGEX and K.C. wheat futures were up on the week, supporting CWRS and CPSR wheats

Hard red spring wheat bids in Western Canada finished mostly higher during the week ended June 2, taking strength from advances in the U.S. futures. Depending on the location, average Canada Western Red Spring (CWRS) wheat prices were up $7-$10 in the Prairie provinces, according to price quotes from a cross-section of delivery points compiled […] Read more



Prairie wheat bids rise, shrug off bearish currency

Cash durum prices were up $2-$6 on average, seeing bids around $259-$268

Hard red spring wheat bids in Western Canada posted solid gains during the week ended May 26, as supportive action in U.S. futures offset the bearish influence of the Canadian currency. Depending on the location, average Canada Western Red Spring (CWRS) wheat prices were up $4-$6 in the Prairie provinces, according to price quotes from […] Read more


seeding canola

Seeding pressures run up against low canola stocks

Wet weather also helps support Minneapolis wheat

Canola contracts on the ICE Futures Canada platform were chopping around for much of the week ended May 26, buffeted by weather issues and downward action in soy. Wet weather in Alberta and parts of Saskatchewan has created a soggy mess for many producers trying to get onto their fields. Some haven’t started seeding canola […] Read more