For the week ending Oct. 26, there was enough canola still in fields waiting to be harvested that markets will feel once it enters the bin.

Harvest progress pressures canola prices

The remaining four million tonnes of expected production 
is enough to move markets

Canola contracts on the ICE Futures exchange fell to their lowest levels of the past year during the week ended Oct. 26, as harvest operations across Western Canada finally neared completion. Farmers in both Alberta and Saskatchewan reported good progress during the week, helping ease concerns over unharvested acres being left out over the winter.

In some cases, canola that was on the verge of being harvested was inundated by too much moisture in the form of rain and snow.

Fall harvest showed little market impact

A tough fall usually has little effect on harvest or prices in the end

The great thing about writing these articles is I get to learn along with readers. I get to answer questions and address timely topics that hopefully allow farm business owners to think differently about markets and dig deeper into common practices and beliefs or simply question conventional wisdom and anecdotal evidence. So, given the attention


Prairie spring wheat bids see slight change

Prairie spring wheat bids see slight change

A slow harvest isn’t making a big impact on the markets

Wheat bids in Western Canada were mixed for the week ended Oct. 19 with only small changes, as the stalled harvest across the Prairies was able to start up again following weeks of cold and wet weather. Average Canada Western Red Spring (13.5 per cent CWRS) wheat prices were up slightly, rising by less than

Up some, down more

Up some, down more

Harvest progress is slowly pushing down canola prices

The canola market see-sawed during the week ended Oct. 19 with the overall trend being to the downside as farmers were able to get back into the fields and deliveries picked up pace. From day to day the market would bounce from the red to the green. However, days in the green weren’t regaining the


Dropping dollar pushes Prairie wheat bids higher

Dropping dollar pushes Prairie wheat bids higher

The MGEX December spring wheat contract rose 4.75 U.S. cents on the week

Wheat bids in Western Canada were higher for the week ended Oct. 12, taking support from a weaker Canadian dollar. Average Canada Western Red Spring (CWRS, 13.5 per cent protein) wheat prices were up by $11-$13 per tonne, according to price quotes from a cross-section of delivery points compiled by PDQ (Price and Data Quotes).

Yield, quality uncertainties supportive for canola futures

Yield, quality uncertainties supportive for canola futures

New-crop canola is already making its way to market

ICE canola futures started the holiday-shortened week ended Oct. 12 by climbing to their highest levels in nearly two months, but quickly ran into resistance and trended lower. Cool, wet, harvest-delaying weather across the Prairies remained a supportive influence, but windows of opportunity were presenting themselves and canola was making its way into the commercial


Canadian spring wheat prices up with U.S. futures

Canadian spring wheat prices up with U.S. futures

Wheat traders are also keeping an eye on Australia and Russia

Hard red spring wheat bids in Western Canada posted solid gains during the week ended Oct. 5, as gains in U.S. futures and concerns over harvest delays in parts of the Prairies provided support. Production issues in Australia and reports that Russia may be curtailing wheat exports were also supportive for North American wheat prices



Spring wheat bids dropped as much as $11 per tonne, depending on the location.

Falling U.S. futures pull down Prairie wheat bids

Minneapolis spring wheat dropped 10 cents on the week, and K.C. winter wheat by 14

Wheat bids in Western Canada were weaker for the week ended Sept. 28, taking direction from U.S. futures markets which finished the week lower as well. Average Canada Western Red Spring (CWRS, 13.5 per cent protein) wheat prices were down by $5-$11 per tonne, according to price quotes from a cross-section of delivery points compiled

Some soy is still out in the fields – now locked in snow – waiting for harvest, as seen here in a photo taken in the Interlake on Oct. 3.

Hamstrung harvest operations supportive for canola values

Son-of-NAFTA lifts the Canadian dollar, weighing on exports

Stalled harvest progress across Western Canada saw canola prices move steadily higher on the ICE Futures platform for most of the week ended Sept. 28. While cool and wet conditions should remain a supportive factor as long as they persist, activity in the Chicago soybean complex could override any weather-related strength. Manitoba farmers got most