Grain Markets & Farming Articles - Manitoba Co-operator

Rising loonie cuts into western Canadian wheat bids

Seasonal harvest pressure also drags on cash wheat values

By Phil Franz-Warkentin September 15, 2017

Hard red spring wheat bids in Western Canada continued to trend lower during the week ended Sept. 8, as seasonal harvest pressure and a soaring loonie weighed on values despite gains in the Minneapolis futures. Depending on the location, average Canada Western Red Spring (CWRS) wheat prices were down by $2-$6 per tonne across the

Grain Markets, Markets

Off-the-combine sales are bearish on canola values

Irma and Harvey create a cautious tone in U.S. markets

By Phil Franz-Warkentin September 15, 2017

ICE Futures Canada canola contracts fell to the bottom edge of their two-month trading range during the week ended Sept. 8, as seasonal harvest pressure and a soaring loonie provided a double whammy of bearish news. Weather conditions were close to ideal for farmers to make good progress across much of the Prairies, and the

Grain Markets, Markets

Hard red wheat bids drop with U.S. harvest pressure

Lower MGEX wheat futures and a rising loonie also drag on cash prices

By Phil Franz-Warkentin September 8, 2017

Hard red spring wheat bids in Western Canada moved lower for the sixth straight week during the week ended Sept. 1, as an advancing U.S. harvest, declines in Minneapolis futures, and a rising Canadian dollar all weighed on local prices. Depending on the location, average Canada Western Red Spring (CWRS) wheat prices were down by

Grain Markets, Markets

U.S. soy, corn growers take stock after Harvey

StatsCan’s canola outlook is within trade estimates

By Dave Sims September 8, 2017

The effects of Hurricane Harvey on soybean-growing weather and energy markets made for a choppy canola market during the week ended Aug. 31. The frenetic week ended with Statistics Canada’s production estimates, which made for an interesting question: was it bullish or bearish? The initial response seemed to indicate investors were mildly reassured by the

Grain Markets, Markets

Prairie wheat bids continue downtrend

A rising loonie and falling U.S. wheat futures drag on cash wheat values

By Phil Franz-Warkentin August 25, 2017

Hard red spring wheat bids in Western Canada during the week ended Aug. 18 moved lower for a fourth consecutive week as declines in U.S. futures and strength in the Canadian dollar weighed on prices. Depending on the location, average Canada Western Red Spring (CWRS) wheat prices were down by $1-$4 per tonne across the

Grain Markets, Markets

Fundamentals help canola get back above $500 mark

U.S. wheat futures slip on improving conditions

By Dave Sims August 25, 2017

It was a choppy time for canola contracts during the week ended Aug. 18, but underlying fundamentals have pushed the front-month contracts above the psychologically important $500-per-tonne mark. Questions are growing about next year’s carry-out, as current trade guesses put the crop somewhere between 17.5 million and 19.5 million tonnes. A lot of the crop

Grain Markets, Markets

Prairie wheat bids continue descent

Cash wheat values follow U.S. wheat futures’ loss of altitude

By Dave Sims August 18, 2017

Wheat bids in Western Canada continued to soften during the week ended Aug. 11, feeling the pull of downward action in U.S. futures. Depending on the location, average Canada Western Red Spring (CWRS) wheat prices were down by $14-$16 per tonne across the Prairie provinces, according to price quotes from a cross-section of delivery points

Grain Markets, Markets

Bearish USDA report drags on U.S. commodity futures

A sinking loonie worked in canola futures’ favour

By Dave Sims August 18, 2017

The canola market continues to be locked in sideways trade, even as a bearish U.S. Department of Agriculture report temporarily rocked the oilseed world. USDA on Aug. 10 released its monthly supply-and-demand report, in which it raised its estimate for this year’s U.S. soybean harvest to 4.4 billion bushels, a figure nearly on par with

Grain Markets, Markets

Traders keep canola prices above the $500 support mark

Drought in the U.S. spring wheat area continues  as the main feature of the wheat market

By Dave Sims July 28, 2017

ICE Futures Canada canola contracts chopped around for the week ended July 21, torn between conflicting weather issues, before finally ending relatively unchanged. Early in the week, ideas took hold that canola fields in some parts of Saskatchewan and Alberta had likely suffered irreversible damage due to the heat stress suffered in late June and

Grain Markets, Markets

Canadian wheat bids rise, but upside limited

Weekend rains led to a sharp sell-off Monday morning, and those losses should spill into the Canadian cash market

July 28, 2017

Hard red spring wheat bids in Western Canada posted small gains during the week ended July 21, as persistent weather concerns in the U.S. Spring Wheat Belt provided support. However, rains in the dry area over the weekend (July 22-23) could temper additional advances. Depending on the location, average Canada Western Red Spring (CWRS) wheat

Daily Network News

Pea, lentil outlooks have some positive signals – Penner

Grain Growers of Canada calls for clarity, transparency on AAFC research cuts

Large Prairie crops lead to increased December stocks

Grain Markets

Rising loonie cuts into western Canadian wheat bids

Off-the-combine sales are bearish on canola values

Hard red wheat bids drop with U.S. harvest pressure

U.S. soy, corn growers take stock after Harvey

Prairie wheat bids continue downtrend

Fundamentals help canola get back above $500 mark

Prairie wheat bids continue descent

Bearish USDA report drags on U.S. commodity futures

Traders keep canola prices above the $500 support mark

Canadian wheat bids rise, but upside limited

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