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, according to price quotes from a cross-section of delivery points compiled by PDQ (Price and Data Quotes). Average prices ranged from about $217 per tonne in western Manitoba to as high as $239 in northern Alberta.
Read Also
Canadian canola prices hinge on rain forecast
Canola markets took a good hit during the week ending July 11, 2025, on the thought that the Canadian crop will yield well despite dry weather.
Quoted basis levels varied from location to location and ranged from about $31 to $44 per tonne above the futures when using the grain company methodology of quoting the basis as the difference between U.S. dollar-denominated futures and Canadian dollar cash bids.
When accounting for currency exchange rates by adjusting Canadian prices to U.S. dollars, CWRS bids ranged from US$163 to US$179 per tonne. That would put the currency-adjusted basis levels at about US$16-$32 below the futures.
Looking at it the other way around, if the Minneapolis futures are converted to Canadian dollars, CWRS basis levels across Western Canada range from $21 to $42 below the futures.
Canada Prairie Spring Red (CPSR) wheat bids were steady, with prices ranging from $156 to $169 per tonne.
Average durum prices held steady, with bids ranging from C$253 to C$258.
The July spring wheat contract in Minneapolis, off of which most CWRS contracts in Canada are based, was quoted April 13 at US$5.3875 per bushel, up by 11.75 U.S. cents from the previous week.
Kansas City hard red winter wheat futures, traded in Chicago, are more closely linked to CPSR in Canada. The July K.C. wheat contract was quoted April 13 at US$4.3925 per bushel, up by five U.S. cents compared to the previous week.
The July Chicago Board of Trade soft wheat contract settled April 13 at US$4.4275, up by 6.5 U.S. cents on the week.
The Canadian dollar settled April 13 at 75.03 U.S. cents, up by nearly half a cent relative to its U.S. counterpart compared to the previous week.
