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Agriculture and Agri-Food Canada’s Drought Monitor has reported 37 per cent of Western Canada is in a moderate to severe drought.
Grain Markets, Markets

Dry conditions on Prairies spur rally in canola values

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


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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
Canada Prairie Spring Red wheat bids were up by between $17 and $18 at most locations.
Grain Markets, Markets

CWRS, CPSR wheat bids up across the Prairies

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

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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
soybeans
Grain Markets, Markets

Weather-related soybean rally supportive for ICE canola futures

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

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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.
CPSR wheat prices ranged from $179 to $229 per tonne across the Prairies.
Grain Markets, Markets

Cash CWRS, CPSR bids show strength on Prairies

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

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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
one dollar banknote among wheat grains
Grain Markets, Markets

Wide range of variations seen in Prairie cash wheat prices

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

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Wheat bids in Western Canada were across the board for the week ended May 17. There were losses in Canada Western Red Spring (CWRS) wheat, while Canada Prairie Spring Red (CPSR) prices were mixed and durum (CWAD) prices were largely steady. Firmness in the Canadian dollar and gains in U.S. futures also pushed and pulled
Pressures on soybean market put crunch on canola values
Grain Markets, Markets

Pressures on soybean market put crunch on canola values

China trade troubles outweigh concerns about late planting

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ICE Futures canola contracts moved higher for most of the week ended May 17 before running into resistance, as the Canadian oilseed reacted to activity in the Chicago soybean complex. The July contract has improved by roughly $20 per tonne off of its early-May lows over the past two weeks, and saw additional strength when
Average durum prices were steady to down $1 per tonne on the week.
Grain Markets, Markets

CWRS bids hold steady on Prairies, other classes drop

MGEX July wheat was up on the week while CBOT and K.C. July wheat slipped

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Canada Western Red Spring (CWRS) wheat bids held relatively steady during the week ended May 10, as the Minneapolis futures managed to edge higher on the week despite losses in the Chicago and Kansas City winter wheat markets. Average CWRS (13.5 per cent protein) wheat prices were held within $1 per tonne of unchanged at
Average durum bids (were) as low as $237 in northwestern Saskatchewan and as high as $247 in western Manitoba.
Grain Markets, Markets

CPSR and CWRS wheat bids show strength

MGEX July spring wheat rose slightly on the week, while CBOT and K.C. July wheat slipped

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Western Canadian wheat bids were mostly up during the week ended May 3, with steady gains observed across the Prairies. Average Canada Western Red Spring (CWRS, 13.5 per cent) wheat prices were steady to up as much as $2 in most locations. However, losses of $1-$2 were reported in southwestern Saskatchewan and in Alberta’s Peace

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