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Crops, Markets

Prairie cash wheat: Weather, rising futures lift bids

Dry weather persisted for much of Prairies

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MarketsFarm — Dry weather for most of the Prairies, as well as rising wheat prices in the U.S., lifted western Canadian wheat bids, some to more than $400 per tonne, for the week ended July 6. With the exception of thunderstorms and sporadic precipitation in Alberta, dryness persisted across much of the Prairies, albeit with
MGEX September 2023 hard red spring wheat with 20-day moving average and K.C. September 2023 hard red winter wheat (orange line). (Barchart)
Crops, Markets

Prairie cash wheat: Canadian bids drop with U.S. futures

Canadian dollar also down on week

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MarketsFarm — Spring wheat bids in Western Canada dropped sharply during the week ended Thursday, as a selloff in U.S. futures weighed on values. Average Canada Western Red Spring (CWRS, 13.5 per cent protein) wheat prices were down by $23.50-$25.40 per tonne across the Prairies, according to price quotes from a cross-section of delivery points
Aerial view of a loop track featuring a train of CPKC’s newer “high-efficiency” grain hopper cars, at a G3 elevator near Moose Jaw, Sask. in December 2018. (CPR.ca)
Crops

Richardson elevators expanding to feed ‘high-efficiency’ trains

Eight sites along CPKC lines to get expanded rail car spots

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Grain handler Richardson International plans to expand rail car spots at eight Prairie elevators on Canadian Pacific Kansas City (CPKC) lines as the railway gears up for longer trains with new higher-volume hopper cars. Winnipeg-based Richardson on Monday announced expanded rail car spots for its elevators at Lacombe, Carseland, Provost and Olds, Alta.; Estevan, Whitewood
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Crops, Markets

Prairie cash wheat: Spring wheat vaults higher, durum nudges up

U.S. wheat futures, Canadian dollar up on week

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MarketsFarm — Spring wheat prices on the Canadian Prairies experienced sharp upticks while gains for durum were much more subdued. A drop in U.S. wheat ratings fueled the upswing in wheat prices, as dry conditions took further hold with approximately 15 per cent of U.S. spring wheat now in drought. While that’s up four points
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Crops, Markets

Prairie cash wheat: Spring wheat bids higher, durum down

Not much rain outside northern, central Alberta

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MarketsFarm — Warmer-than-normal temperatures and ongoing dryness in both Western Canada and the U.S. helped raise Prairie wheat bids for the week ended Thursday. Rains fell onto parts of northern and central Alberta on Thursday, but the rest of the Prairies only saw sporadic showers, if any, during the week. Traders on the Chicago Board
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Crops, Markets

Prairie cash wheat: Hard red spring wheat bids rise

MGEX wheat rally offsets rising loonie

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MarketsFarm — Spring wheat bids in Western Canada were mostly higher during the week ended Thursday, as a rally in Minneapolis spring wheat futures countered the bearish influence of a rising Canadian dollar. Average Canada Western Red Spring (CWRS, 13.5 per cent protein) wheat prices were up by $8.80-$10.70 per tonne across the Prairies, according
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Crops, Markets

Prairie cash wheat: Spring wheat bids drop

Influx of cheap Russian wheat largely responsible for price declines

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MarketsFarm – Red spring wheat bids in Western Canada were down, while durum prices were mixed during the week ended May 25, after the release of bearish data. On May 23, Agriculture and Agri-Food Canada (AAFC) presented its monthly principal field crop report, which estimated 2023-24 wheat production (including durum) at 35.75 million tonnes. This
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Crops, Markets

Prairie cash wheat: Bids soften

Chicago, Minneapolis wheats down on week

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MarketsFarm — Spring wheat bids in Western Canada softened during the week ended Thursday, as the bearish influence of the extended Black Sea Grain Initiative more than countered any support from poor winter wheat production prospects in the U.S. Average Canada Western Red Spring (CWRS, 13.5 per cent protein) wheat prices were down by $3.60-$6.70
(Thinkstock photo)
Crops, Markets

Prairie cash wheat: Bids rise ahead of U.S. WASDE report

Warmer weather should help advance spring seeding

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MarketsFarm — Bids for red spring wheat in Western Canada went up, while durum prices declined for the week ended Thursday as traders and analysts await the latest data from the U.S. Department of Agriculture (USDA). USDA released its monthly world agricultural supply/demand estimates (WASDE) report on Friday, including the first production estimates for new

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