Prairie wheat bids rise, tracking U.S. futures

Prairie wheat bids rise, tracking U.S. futures

Cash durum and CPSR wheat prices in the West held steady on the week

Hard red spring wheat bids in Western Canada were slightly stronger during the week ended April 14 as advances in U.S. futures pointed the way higher. Depending on the location, average Canada Western Red Spring (CWRS) wheat prices were mostly higher, rising by $1 to as much as $9 per tonne across the Prairie provinces,

Bags Of Money On A Farm Field

Fears of short supplies sustain canola values

Alberta managed to harvest some of last year’s crop

ICE Futures Canada canola contracts chopped around for much of the holiday-shortened week before fund positioning pushed the front-month contracts up $5 on April 13. The spike left the May contract perched at the technically important $500-per-tonne mark. One of the main factors underpinning the canola market continues to be the idea that stocks of


CWRS bids continue downward slide across Prairies

CWRS bids continue downward slide across Prairies

Winter wheat futures in the U.S. have been holding steady

Hard red spring wheat bids in Western Canada continued to trend lower during the week ended April 7, posting losses for the third straight week as declines in Minneapolis futures weighed on prices. However, other wheat classes posted gains, as winter wheat futures in the U.S. held steady. Depending on the location, average Canada Western

Canola remains rangebound as new-crop outlook fuzzy

Canola remains rangebound as new-crop outlook fuzzy

Charts suggest U.S. soybeans are still pointed lower

ICE Futures Canada canola contracts fell to their lowest levels in more than six months on April 3, but bounced off those lows and were higher overall by the close on April 7. A bearish reaction to the U.S. Department of Agriculture’s prospective plantings and quarterly stocks reports sent soybeans in a tailspin lower, and


Wheat bids soften in Western Canada

Wheat bids soften in Western Canada

A stronger Canadian dollar helped drag on cash wheat prices

Spring wheat bids in Western Canada were steady to lower during the week ended March 31, as a softer tone in U.S. futures and strength in the Canadian dollar weighed on prices in the countryside. Depending on the location, average Canada Western Red Spring (CWRS) wheat prices were steady to down $2 per tonne across

Western Canadian wheat bids seen softening

Western Canadian wheat bids seen softening

Large and potentially larger global supplies put pressure on prices

Spring wheat bids in Western Canada were lower during the week ended March 24, as favourable weather in the U.S. Plains and large world supplies weighed on the market. Depending on the location, average Canada Western Red Spring (CWRS) wheat prices were down $4-$5 per tonne across the Prairie provinces, according to price quotes from


Canola sinks below $500 under technical pressure

Canola sinks below $500 under technical pressure

Unharvested canola crops add a layer of uncertainty

ICE Futures Canada canola futures continued to lose ground on the charts with the front-month May contract dropping from $503.70 per tonne on March 17 to $482.50 by the close on March 24. Funds were liquidating long positions and moving to the short side while others bailed as the dominant contract sunk below the psychologically

Prairies’ cash wheat values finish week mixed

Prairies’ cash wheat values finish week mixed

MGEX May wheat was up on the week, while CBOT and K.C. May wheat slipped

Spring wheat bids in Western Canada were mixed during the week ended March 17, with gains in some classes and losses in others as markets reacted to activity in the U.S. futures. Depending on the location, average Canada Western Red Spring (CWRS) wheat prices were up $1-$2 per tonne across the Prairie provinces, according to


Canola drops below chart support with fund selling

Canola drops below chart support with fund selling

North America’s weather is poised to become a factor

The ICE Futures Canada canola market ignored St. Patrick’s Day during the week ended March 17, with no green on any of the board as prices fell below major chart support. The May contract dropped below the 200-day moving average, at $508 per tonne, which brought in additional fund selling and saw values hit their

Wheat and US dollars

Prairie wheat bids decline with U.S. futures

The Canadian dollar declined about half a cent in value over the past week

Spring wheat bids in Western Canada moved lower during the week ended March 10, as spillover pressure from losses in U.S. wheat futures more than made up for the supportive influence of a weaker Canadian dollar. Depending on the location, average Canada Western Red Spring (CWRS) wheat prices were steady to down $3 per tonne