Grain Markets & Farming Articles - Manitoba Co-operator

U.S. drought keeps Prairie wheat bids climbing

Wheat futures rallied on conditions in Montana and North Dakota

By Phil Franz-Warkentin July 7, 2017

Hard red spring wheat bids in Western Canada continued to rise with the rallying U.S. futures during the week ended June 30, as drought conditions in North Dakota and Montana worsened. Depending on the location, average Canada Western Red Spring (CWRS) wheat prices were up $33 to $37 per tonne across the Prairie provinces, according

Grain Markets, Markets, Oilseeds

Oilseeds see sharp gains despite bearish reports

Traders are already second-guessing StatsCan on acres

By Phil Franz-Warkentin July 7, 2017

ICE Futures Canada canola contracts climbed higher over the course of the week ended June 30, hitting their best levels in months, despite large North American oilseed acres confirmed by Statistics Canada and the U.S. Department of Agriculture. Record Canadian canola seedings and a six-million-acre increase in U.S. soybean area would typically be bearish for

Grain Markets, Markets

Prairie wheat bids rise amid concerns over U.S. wheat

Conditions in U.S. spring wheat areas raise questions over quality and yield

By Dave Sims June 30, 2017

Hard red spring wheat bids in Western Canada posted gains during the week ended June 23, as continued concerns about yields and quality in the U.S. spring wheat crop pushed the market higher. Depending on the location, average Canada Western Red Spring (CWRS) wheat prices were up $6-$8 per tonne across the Prairie provinces, according

Grain Markets, Markets

Canola futures plummet ahead of StatsCan report

Traders’ acreage estimates lean toward bearish levels

By Phil Franz-Warkentin June 29, 2017

ICE Futures Canada canola contracts dropped hard during the week ended June 23, hitting some of their lowest levels in months. The biggest losses were in the new-crop months, with improving crop weather and declines in the U.S. soy complex behind some of the selling pressure. The nearby July contract lagged to the downside, as

Grain Markets, Markets, Weather

CWRS wheat bids rising with U.S. weather concerns

A stronger loonie during the week accounted for a decline in basis levels

By Phil Franz-Warkentin June 23, 2017

Hard red spring wheat bids in Western Canada continued to rise with U.S. futures during the week ended June 16, as hot and dry conditions in the major wheat-growing regions of the Dakotas and Montana floated all boats. Depending on the location, average Canada Western Red Spring (CWRS) wheat prices were up by $7-$10 per

Grain Markets, Markets

Strengthening loonie beats strengthening vegetable oil

Rain on the Prairies is also bearish on canola futures

By Dave Sims June 23, 2017

It was a volatile time for the ICE Futures Canada canola market during the week ended June 16 as the weight of the rising Canadian currency offset gains in vegetable oil. The most active November canola contract lost $6.70 to fall to $488.20 by Friday’s close. The nearby July contract lost just 50 cents as

Grain Markets, Markets

CWRS wheat bids rise with temperatures

Conditions in major spring wheat-growing regions boosted MGEX wheat futures

By Phil Franz-Warkentin June 16, 2017

Hard red spring wheat bids in Western Canada climbed higher during the week ended June 9, as hot and dry conditions in some of the major spring wheat-growing regions of the U.S. and Canada led to a rally in the Minneapolis futures. Depending on the location, average Canada Western Red Spring (CWRS) wheat prices were

Grain Markets, Markets

Dry conditions on Prairies support ICE canola futures

USDA’s WASDE report painted a clearer supply picture

By Jade Markus June 16, 2017

The canola market edged higher on the week as investors short-covered in the face of weather concerns in Western Canada. Positioning into a report from the U.S. Department of Agriculture was also a feature, though the data was less of a market mover than weather-based influences. Ahead of the weekend, traders were looking for rain,

Grain Markets, Markets

Prairie red spring wheat bids break out of doldrums

MGEX and K.C. wheat futures were up on the week, supporting CWRS and CPSR wheats

By Dave Sims June 9, 2017

Hard red spring wheat bids in Western Canada finished mostly higher during the week ended June 2, taking strength from advances in the U.S. futures. Depending on the location, average Canada Western Red Spring (CWRS) wheat prices were up $7-$10 in the Prairie provinces, according to price quotes from a cross-section of delivery points compiled

Grain Markets, Markets

Canola under pressure as U.S. soybeans trend lower

Soy futures outweigh canola market fundamentals, for now

By Phil Franz-Warkentin June 9, 2017

ICE Futures Canada canola contracts fell hard over the course of the week ended June 2, as fund selling and losses in Chicago soybeans weighed on values. Speculators bailing out of long positions and putting on short positions in some cases were a feature of the activity during the week, with chart stops hit on

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Pea, lentil outlooks have some positive signals – Penner

Grain Markets

U.S. drought keeps Prairie wheat bids climbing

Oilseeds see sharp gains despite bearish reports

Prairie wheat bids rise amid concerns over U.S. wheat

Canola futures plummet ahead of StatsCan report

CWRS wheat bids rising with U.S. weather concerns

Strengthening loonie beats strengthening vegetable oil

CWRS wheat bids rise with temperatures

Dry conditions on Prairies support ICE canola futures

Prairie red spring wheat bids break out of doldrums

Canola under pressure as U.S. soybeans trend lower

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