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

CWRS bids hold steady in Western Canada

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

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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
Prairie wheat bids mixed, watching U.S. futures markets
Grain Markets, Markets

Prairie wheat bids mixed, watching U.S. futures markets

MGEX and CBOT May wheat futures were up on the week, while K.C. May wheat fell

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Wheat bids in Western Canada were mixed for the week ended April 13, following U.S. futures markets, which were also mixed. Average Canada Western Red Spring (CWRS, 13.5 per cent protein) wheat prices rose by $1-$5 per tonne across most of the Prairie provinces, according to price quotes from a cross-section of delivery points compiled
Soy bean seeds on a white background
Comment/Feedback, Opinion

U.S. to stay stuffed with soybeans despite Argentine losses

Demand for U.S. soybeans remains stubbornly depressed due to high global stocks

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The soy complex may be rallying on the Chicago Board of Trade, but the outlook for U.S. supply retains its bearish feel, despite significant losses to Argentina’s soybean crop amid parched conditions. Last month, the U.S. Department of Agriculture cut domestic soybean exports to 2.1 billion bushels, some three per cent smaller than last year’s
Canola hovers rangebound despite StatsCan report
Grain Markets, Markets

Canola hovers rangebound despite StatsCan report

The global supply picture is dragging on wheat futures

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ICE Futures Canada canola contracts were pressured by a bearish Statistics Canada report during the week ended Dec. 8, but managed to stay within their recently established technical range. For the most part, the dominant January contract hovered somewhere between $505 and $510 per tonne. Futures received some support from the Canadian dollar, which was
Blooming rapeseed field at sunset
Grain Markets, Markets

Fundamentals, uncertainty hold canola rangebound

USDA’s soybean yield outlook was briefly helpful

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The ICE Futures Canada canola market enjoyed a slight bump during the week ended Oct. 12, as a bullish U.S. Department of Agriculture report lifted the tide for all oilseeds. However, canola futures will likely need more bullish news if they hope to shake free of their recently established range of $490-$500 per tonne. USDA
Oilseed Rape Pods
Grain Markets, Markets

Canola remains rangebound despite support for soy

The latest USDA report put pressure on wheat values

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ICE Futures Canada canola futures spent most of the week ended Sept. 29 chopping around in their recently established range, despite two major reports that moved other agricultural markets. The U.S. Department of Agriculture on Friday released its quarterly stocks report, in which it pegged U.S. soybean stocks at 301 million bushels. That was far
Strengthening loonie beats strengthening vegetable oil
Grain Markets, Markets

Strengthening loonie beats strengthening vegetable oil

Rain on the Prairies is also bearish on canola futures

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It was a volatile time for the ICE Futures Canada canola market during the week ended June 16 as the weight of the rising Canadian currency offset gains in vegetable oil. The most active November canola contract lost $6.70 to fall to $488.20 by Friday’s close. The nearby July contract lost just 50 cents as

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