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(Photo courtesy Canada Beef Inc.)
Livestock, Markets

Klassen: Feeder market making seasonal lows

Surge of Canadian cattle exports expected

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Compared to last week, western Canadian feeder markets were down $2-$4 on average. Prices for feeder cattle in the eastern Prairie regions were relatively unchanged from seven days earlier; however, values in Alberta and western Saskatchewan were down $4 to as much as $8 in some cases. This variation made the market hard to define.
(Thinkstock photo)
Crops, Markets

Prairie cash wheat: Bids jump after USDA projects cuts

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MarketsFarm — A larger-than-expected cut in the U.S. Department of Agriculture’s (USDA) latest supply and demand forecast, plus rising wheat futures in anticipation of tighter worldwide supply, led to higher bids for western Canadian wheat for the week ended Thursday. USDA on Tuesday trimmed world wheat ending stocks to 275.8 million tonnes, down 1.38 million
Minneapolis (MGEX) December 2021 wheat (candlesticks) with Bollinger bands (20,2). (Barchart)
Crops, Markets

Prairie cash wheat: CWRS bids up with U.S. futures

However, a strong loonie applies pressure

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MarketsFarm — Minneapolis spring wheat futures climbed to contract highs during the week ended Thursday, which provided spillover support for Canadian cash bids. However, strength in the Canadian dollar was a bearish influence, tempering the upside in the cash market. Average Canada Western Red Spring (CWRS, 13.5 per cent protein) wheat prices were up by
(Thinkstock photo)
Crops, Markets

Prairie cash wheat: Bids mixed as harvest comes to close

U.S. December wheat futures up on week

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MarketsFarm — The spring wheat harvest coming to a close in the Prairie provinces and cuts in production estimates south of the border have caused mixed bids in Western Canada for the week ended Thursday. All three Prairie provinces have either completed or have nearly completed spring wheat combining, bringing harvest pressure to prices. Meanwhile,
(Thinkstock photo)
Crops, Markets

Prairie cash wheat: Gains in prices vary by type

MGEX, CBOT December wheats up on week

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MarketsFarm — Bids in Western Canada for the week ended Thursday were higher for Canada Western Amber Durum (CWAD), Canada Western Red Spring (CWRS) and Canada Prairie Spring Red (CPSR) wheats. Gains in most of the U.S. wheat markets led to the increases, which were tempered somewhat by a stronger Canadian dollar. Average CWRS (13.5
(Thinkstock photo)
Crops, Markets

Prairie cash wheat: Prices rise as worldwide stocks fall

U.S. December wheat futures up on week

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MarketsFarm — Continued tightening of worldwide wheat stocks has raised spring wheat prices in Western Canada during the week ended Thursday. As winter wheat planting in North America and Europe begins, dry conditions remain a threat not only in North America, but also in Argentina and Russia. The U.S. Department of Agriculture (USDA) also predicts

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