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Crops, Markets

Prairie cash wheat: Stronger crop prospects, loonie lower bids

MGEX, K.C. wheat down on week

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MarketsFarm — The U.S. Department of Agriculture’s projected increases for domestic and worldwide wheat ending stocks, along with a strengthening Canadian dollar, brought pressure onto western Canadian wheat bids for the week ended Thursday. In its monthly world agricultural supply and demand estimates (WASDE) report on Wednesday, USDA showed a projected 1.78 million-tonne rise in
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Crops, Markets

Prairie cash wheat: Bids show small gains

Minneapolis, K.C. March wheats up on week

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MarketsFarm — Growing drought concerns in the U.S. and improved export numbers led to higher bids for western Canadian wheat for the week ended Thursday. However, a mid-week selloff on the futures market held back some gains. The southern U.S. Plains, which are a growing area for hard red winter wheat, have been affected by
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Crops, Markets

Prairie cash wheat: Lower U.S. prices pull back bids

U.S. March wheat futures down on week

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MarketsFarm — Wheat bids in Western Canada retreated by double digits for Canada Western Red Spring (CWRS) and Canada Prairie Spring Red (CPSR) wheats, while those for Canada Western Amber Durum (CWAD) declined more moderately. Significant decreases in U.S. wheat markets and a stronger Canadian dollar combined to weaken Prairie prices. Average CWRS (13.5 protein)
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Crops, Markets

Prairie cash wheat: Bids mixed, watching futures and currency

U.S. wheat futures down on week

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MarketsFarm — Wheat bids across Western Canada were mixed during the week ended Thursday, as losses in U.S. futures were countered by the supportive influence of a weaker Canadian dollar. Average Canada Western Red Spring (CWRS, 13.5 per cent protein) wheat prices were up by $5.20-$10.10 per tonne, according to price quotes from a cross-section
(Dave Bedard photo)
Crops, Markets, Weather

Canola declines, durum drops in new StatsCan estimates

Soybean, oats estimates raised

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MarketsFarm — There were very few surprises in Statistics Canada’s latest principal field crop production estimates released Friday — the first in 2021-22 to use a survey of producers. Nevertheless, they quantified just how severe last summer’s drought was in Western Canada. Canola production for the 2021-22 marketing year was estimated to be 12.595 million
(Dave Bedard photo)
Crops, Markets

Smaller crops likely in StatsCan survey-based report

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MarketsFarm — Mindful of the summer drought conditions that seriously cut into crop production across the Prairies, average trade estimates call for downward revisions to Statistics Canada’s already-small forecasts for most crops when the it releases its first survey-based estimates of the marketing year on Friday. While prior reports, in September and August, were compiled

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