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Average durum prices on the week were narrowly mixed.
Grain Markets, Markets

CWRS wheat bids rise, but run into resistance

Minneapolis, Chicago and Kansas City futures backed off from their nearby highs

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Hard red spring wheat bids in Western Canada edged higher during the week ended Aug. 10, although the U.S. futures backed away from their nearby highs and the North American wheat market showed signs of running into resistance. Average Canada Western Red Spring (CWRS, 13.5 per cent protein) wheat prices were up by $1-$2 per
Some buyers have stepped back from the market, awaiting new-crop supplies when they know prices will be cheaper.
Grain Markets, Markets

Canola finds independent strength against soybeans

The switch from Winnipeg to New York weighed on volumes

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Canola futures held up surprisingly well during the week ended August 10 as a heat wave in the Canadian Prairies overpowered the bearish effects of a U.S. Department of Agriculture report that predicted a record soybean crop in the U.S. ICE’s front-month November canola contract closed on Friday, Aug. 10 at $504.90 a tonne, over
Bags Of Money On A Farm Field
Grain Markets, Markets

Canola bid continues to see gains

Slow sales from farms and weather issues are causing the market to tick upwards

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ICE Futures canola contracts chalked up gains during the week ended August 3, underpinned by concerns about excess dryness in Western Canada. Southwest Saskatchewan and southern Alberta are both in need of more rain as crops there remain under heat stress. Temperatures are expected to stay hot during the first week of August. This has
Dried Ear of Cereal crop in studio isolated against white background.
Grain Markets, Markets

Prairie wheat bids march higher

As weather concerns continue to mount, prices head upwards

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Hard red spring wheat bids in Western Canada continued their climb upwards for the week ended Aug. 2. Heat and dryness concerns throughout Europe, the Black Sea region, and Australia continued to drive the United States futures markets higher during the week. Average Canada Western Red Spring (13.5 per cent CWRS) wheat prices were up
Wheat and US dollars
Grain Markets, Markets

World weather concerns send Prairie wheat bids higher

Several key regional production estimates have been lowered

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Hard red spring wheat bids in Western Canada climbed higher during the week ended July 27, as heat and dryness concerns in a number of key wheat-growing regions of the world sparked a rally in the United States futures. Production estimates out of Europe, the Black Sea region, and Australia were all seeing downward revisions,
horizontal image of five round steel grain bins sitting in a yellow canola field under a very cloudy sky in the summer.
Grain Markets, Markets

Grain markets playing wait-and-see

Dryness concerns still aren’t causing widespread crop concerns

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ICE Futures canola contracts held within a rather narrow range during the week ended July 27, with volumes on the light side as both farmers and end-users keep to the sidelines ahead of the harvest. Dryness remains a concern in a number of areas, but those concerns have so far not been enough to give
Western Canada’s wheat bids gain with U.S. futures
Grain Markets, Markets

Western Canada’s wheat bids gain with U.S. futures

September MGEX, CBOT and K.C. wheat rose by between three and four per cent on the week

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Hard red spring wheat bids in Western Canada generally moved higher in most locations during the week ended July 20, tracking gains in the U.S. futures. Average Canada Western Red Spring (CWRS, 13.5 per cent protein) wheat prices were down by $9 per tonne in northwestern Saskatchewan but up by $9-$11 per tonne in most
Expect supply outlook to keep canola futures well tethered
Grain Markets, Markets

Expect supply outlook to keep canola futures well tethered

A federal forecast predicts more canola exports in 2018-19

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ICE Futures Canada canola contracts moved higher for most of the week ended July 20, before running into resistance and ending with a softer tone on Friday. A recovery in the Chicago soy complex provided some underlying support for the Canadian oilseed, but canola remains expensive from a chart perspective. World trade continues to keep
Canada Prairie Spring Red wheat bids ended stronger on the week.
Grain Markets, Markets

Spring wheat bids rise off of nearby lows

September U.S. wheat futures climb by 14 to 24.5 U.S. cents on the week

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Hard red spring wheat bids in Western Canada moved higher in most locations during the week ended July 6, taking some direction from a rally in U.S. futures as prices corrected off of nearby lows. Average Canada Western Red Spring (CWRS, 13.5 per cent protein) wheat prices were down $9 per tonne in northwestern Saskatchewan
Recent sweltering temperatures could affect prices for Canadian canola as dryness concerns stretch across Manitoba and Saskatchewan.
Grain Markets, Markets

Bargain buying of U.S. soy supports ICE canola futures

Corn relatively unchanged on U.S. biofuel policy turmoil

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It was a bumpy ride for the ICE Futures Canada canola market during the week ended July 6. The aftermath of a bearish acreage report by Statistics Canada on June 29 gave way to trepidation on Friday, when Chinese tariffs on U.S. soybeans finally kicked in. Traders sold off contracts in the days leading up

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