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Prairie wheat bids fall as dollar rises
Grain Markets, Markets

Prairie wheat bids fall as dollar rises

Canadian farmers are starting to lose the exchange rate protection they’ve enjoyed

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Hard red spring wheat bids in Western Canada fell over the holidays, while the Canadian dollar was on an upward swing. Depending on the location, average Canada Western Red Spring (13.5 per cent protein CWRS) wheat prices fell by approximately $3 to $4 per tonne in some areas of Western Canada, according to price quotes
Buyers are canola!
Grain Markets, Markets

Buyers are canola!

Artificial intelligence can’t quite cut it yet in market commentary as we see in our 2017 review

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Futures from activity Picks back up the extent of their sideways Canada released its softest levels During the yield potential Buyers are canola However, at two weeks remains within a year average Soybeans could easily continue to be harvested In an attempt to outsource the year-end commentary and put it on auto steer, the above
Prairie wheat bids rise along with U.S. futures
Grain Markets, Markets

Prairie wheat bids rise along with U.S. futures

Minneapolis March 2018 spring wheat climbed 8.75 U.S. cents on the week

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Hard red spring wheat bids in Western Canada rose for the week ended Dec. 15, following the lead of U.S. futures contracts. Depending on the location, average Canada Western Red Spring (CWRS, 13.5 per cent protein) wheat prices rose by about $3-$4 per tonne in some areas of Western Canada, according to price quotes from
Oilseed Rape Pods
Grain Markets, Markets

Lack of export demand drags canola to multi-month lows

Improved outlooks for South American soybeans aren’t helping

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The thesaurus got a bit of a workout during the week ended Dec. 15 in an ongoing effort to come up with new words to describe the downtrend/slide/drop/slip/fall/collapse/general sense of weakness in the canola market. Canola prices fell to their lowest levels in three months during the week, and while Friday saw a modest correction,
Prairie wheat bids fall along with U.S. futures
Grain Markets, Markets

Prairie wheat bids fall along with U.S. futures

MGEX March spring wheat futures dropped 20.25 U.S. cents on the week

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Hard red spring wheat bids in Western Canada fell for the week ended Dec. 8, as U.S. futures contracts fell as well. Depending on the location, average Canada Western Red Spring (CWRS, 13.5 per cent protein) wheat prices were down by about $3-$8 per tonne in some areas of Western Canada, according to price quotes
Canola hovers rangebound despite StatsCan report
Grain Markets, Markets

Canola hovers rangebound despite StatsCan report

The global supply picture is dragging on wheat futures

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ICE Futures Canada canola contracts were pressured by a bearish Statistics Canada report during the week ended Dec. 8, but managed to stay within their recently established technical range. For the most part, the dominant January contract hovered somewhere between $505 and $510 per tonne. Futures received some support from the Canadian dollar, which was
Concept of making money agriculture
Grain Markets, Markets

Prairie wheat bids mixed with choppy loonie

The Canadian dollar bounced back Friday from a week on the downslope

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Hard red spring wheat bids in Western Canada were mixed for the week ended Dec. 1, as the Canadian dollar saw wide price swings during the course of the week. Depending on the location, average Canada Western Red Spring (CWRS, 13.5 per cent protein) wheat prices were down by $1 per tonne in some areas
StatsCan jobs data drags on canola as loonie jumps
Grain Markets, Markets

StatsCan jobs data drags on canola as loonie jumps

New StatsCan crop estimates may provide some direction

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ICE Futures Canada canola contracts chopped around within a wide range over the course of the week ended Dec. 1, but finished that Friday on a soft note. The late weakness in canola was a direct result of a rally in the Canadian dollar. The currency itself had been under pressure for most of the
Canadian wheat bids drift lower with U.S. futures
Grain Markets, Markets

Canadian wheat bids drift lower with U.S. futures

A show of strength from the loonie has kept a cap on prices

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Hard red spring wheat bids in Western Canada lost some ground during the week ended Nov. 24, as declines in the U.S. futures and a firmer tone in the Canadian dollar weighed on values. Depending on the location, average Canada Western Red Spring (13.5 per cent CWRS) wheat prices were down by $4 to $5
Oilseed Rape Pods
Grain Markets, Markets

Canola values slip lower in U.S. traders’ absence

Traders are largely gun shy while waiting on StatsCan data

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It was a sluggish week for ICE Futures Canada canola prices as the U.S. Thanksgiving holiday sent traders to the sidelines. Markets in the U.S. were closed on Thursday and had limited hours on Friday. The front-month January contract chopped around between the $514 and $520 marks for the beginning of the week ended Nov.

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