GFM Network News

CPSR wheat prices ranged from $179 to $229 per tonne across the Prairies.

Cash CWRS, CPSR bids show strength on Prairies

Minneapolis, Kansas City and Chicago July wheat futures were all up on the week

Western Canadian wheat bids were mostly up during the week ended May 24, with steady gains observed across the Prairies. Average Canada Western Red Spring (CWRS, 13.5 per cent protein) wheat prices were up by $8-$8.50, according to price quotes from a cross-section of delivery points compiled by PDQ (Price and Data Quotes). Average prices

North American grain and oilseed markets are also keeping an eye on seeding weather as attention turns to the 2019-20 crop.

Canola may be vulnerable if CBOT soybeans decline

China’s block on canola is already baked into the market

ICE Futures canola contracts held reasonably steady during the week ended April 5, hovering above major long-term lows as traders contemplated the lack of Chinese demand and what the trade dispute means going forward. The bearish influence of China shuttering its doors to Canadian canola has been generally factored into the market, with lows possibly

Prairie CWRS bids drop with Minneapolis futures

Also, the Canadian dollar climbed roughly a quarter-cent on the week

Western Canadian wheat bids posted losses across much of the region during the week ended March 29, with weakness in the Minneapolis futures and gains in the Canadian dollar behind the price activity. Average Canada Western Red Spring (CWRS, 13.5 per cent) wheat prices were steady to down by nearly $10 per tonne, according to

Domestic canola crush levels are running at a steady pace, but exports are lagging due to tensions with China.

ICE canola finds support at low end of long-term range

World wheat carry-out is expected down from 2017-18 size

ICE canola futures fell to fresh contract lows during the week ended Feb. 22, but did manage to find some support to the downside as values eventually consolidated near the bottom edge of their long-term trading range. The focus in the futures has shifted from the March contract to the May, with intermonth spreading a

Average (CWRS) prices ranged from about $248 per tonne in western Manitoba and southeastern Saskatchewan to as high as $269 in southern Alberta.

Wheat bids mixed in Western Canada

Minneapolis wheat and Chicago and K.C. wheat futures go separate ways, for now

Western Canadian wheat bids were mixed during the week ended Feb. 14, with a steady tone in Canada Western Red Spring (CWRS) bids and losses in Canada Prairie Spring Red (CPSR) as U.S. futures moved in opposite directions and the Canadian dollar weakened slightly. Average CWRS (13.5 per cent protein) wheat prices were steady to

China tensions add layer of uncertainty to canola

An ongoing lack of USDA data further fuzzes the outlook

At first glance it seems quiet in the ICE Futures canola market. It’s winter, cold out and there’s not much happening. But below the surface it’s more than meets the eye. The ICE Futures canola market finished the week of Jan. 18 slightly higher after dipping during the middle of the week. The Chicago Board

Canola crush margins have improved in the past few months thanks to a low Canadian dollar.

Blowback from Chinese CEO’s arrest may drag on markets

New data from StatsCan might (or might not) support canola

ICE Futures canola contracts moved higher during the week ended Dec. 7, although whether that trend continues is questionable. A rally in Chicago Board of Trade soybeans Monday morning (Dec. 3) provided the initial spark for a move higher in canola, as participants reacted to news of a tentative trade truce between the U.S. and

U.S. Agriculture Secretary Sonny Perdue (l) and U.S. Representative Rodney Davis of Illinois take farmers’ questions at a farm in Champaign, Illinois October 24, 2018.

Penny for your corn?

Stingy trade war aid irks U.S. farmers

Iowa corn farmer Bob Hemesath jokes that the government cheque he expects as compensation for his trade war losses will soon allow him to splurge on upscale coffee in town instead of his usual burnt gas station brew. Rob Sharkey, an Illinois farmer, hopes his corn trade aid cheque will be big enough for that

U.S.-China tariff ceasefire may support oilseed markets

Corn futures followed soybeans’ volatility during the week

It was a volatile time for the ICE Futures canola market during the week ended Nov. 30, as oilseed traders anxiously awaited news from the weekend’s G20 summit in Argentina. U.S. President Donald Trump met with Chinese President Xi Jinping on Dec. 1. The two reached a trade truce where they will hold off on

CWRS prices ranged from about $250 per tonne in south-eastern Saskatchewan to as high as $271 in southern Alberta.

CWRS bids hold steady in Western Canada

MGEX, CBOT and K.C. March wheat were down on the week, but so was the loonie

Wheat bids in Western Canada were mixed for the week ended Nov. 23, with a steady tone in Canada Western Red Spring wheat as pressure from soft U.S. futures was countered by support from a weaker Canadian dollar. Average CWRS (13.5 per cent protein) wheat prices held within 50 cents of unchanged, according to price