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Prairie cash wheat: Bids soar after weather events

U.S. May wheat futures up on week

MarketsFarm — Cash bids for Prairie wheat jumped as wintry weather made its way across the Prairies and U.S. northern Plains during the week ending Thursday. Wheat futures in the U.S. rose due to spillover from soybeans. However, a stronger Canadian dollar tempered Prairie wheat prices. Manitoba and Saskatchewan, as well as Montana, North Dakota

MGEX May 2021 wheat (candlesticks) with K.C. May 2021 wheat (orange line), CBOT May 2021 wheat (red line) and Canadian dollar in U.S. cents (green line). (Barchart)

Prairie cash wheat: Bids mixed as loonie jumps

MarketsFarm — Bids for Canada Western Red Spring (CWRS) and Canada Western Amber Durum (CWAD) wheats dropped while those for Canada Prairie Spring Red (CPSR) wheat made their way upward during the week ending Wednesday. Wheat futures in the U.S. were mixed, while the Canadian dollar rose. The market reacted to both the prospective plantings





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Prairie cash wheat: Bids track rally in U.S. futures

Loonie up by a third of a cent on the week

MarketsFarm — Spring wheat bids in Western Canada climbed higher during the week ended Thursday, as a rally in U.S. futures more than countered any bearish influence from a rising Canadian dollar. Average Canada Western Red Spring (CWRS, 13.5 per cent protein) wheat prices were up by $11.50-$13 per tonne, according to price quotes from

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ICE canola weekly outlook: Canola dips at midweek

MarketsFarm – ICE Futures canola contracts were weaker on Wednesday, sustaining contract prices around C$630 over the Christmas holidays. The nearby January contract closed at C$629.20 per tonne on Dec. 30, just a few pennies lower than its Dec. 23 close of C$630.90. Ken Ball of PI Financial in Winnipeg, Man., said canola prices will





ICE January 2021 canola (candlesticks) with 20-day moving average (yellow line) and CBOT January 2021 soyoil (green line). (Barchart)

ICE weekly outlook: Canola holds over $600

MarketsFarm — ICE Futures canola contracts were stronger Wednesday, hitting multi-year highs for three consecutive days. The nearby January contract closed at $602.90 per tonne on Wednesday, gaining nearly $10 since Friday’s close of $593.60. Ken Ball of PI Financial in Winnipeg said canola is expected to go higher in order to “kill off some

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Prairie cash wheat: Prices mixed

MarketsFarm — Wheat bids in Western Canada were across the board during the week ended Thursday. Canada Western Red Spring (CWRS) wheat was mixed, Canada Prairie Spring Red (CPSR) was higher and Canada Western Amber Durum (CWAD) lower. Gains in U.S. wheat markets provided support while strength in the Canadian dollar weighed on values. Average