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Prairie wheat bids dip with U.S. futures
Grain Markets, Markets

Prairie wheat bids dip with U.S. futures

MGEX December spring wheat futures slipped by 11 U.S. cents on the week

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Hard red spring wheat bids in Western Canada slipped during the week which ended Sept. 29, as losses in Minneapolis futures weighed on cash prices despite weakness in the Canadian dollar. Depending on the location, average Canada Western Red Spring (CWRS, 13.5 per cent protein) wheat prices were down as much as $2 per tonne
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
Wheat bids improve in Western Canada as loonie dips
Grain Markets, Markets

Wheat bids improve in Western Canada as loonie dips

MGEX December spring wheat was up 13.25 U.S. cents a bushel from the previous week

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Hard red spring wheat bids in Western Canada moved higher during the week ended Sept. 22, as gains in Minneapolis futures and weakness in the Canadian dollar provided support. Depending on the location, average Canada Western Red Spring (CWRS) 13.5 per cent wheat prices were up by $2 to $3 per tonne across the Prairie
Canola traders are fixed on forecasts for a record crop
Grain Markets, Markets

Canola traders are fixed on forecasts for a record crop

Minneapolis wheat suggests protein will be in short supply

ICE Futures Canada canola contracts trended higher for the past two weeks, despite seasonal harvest pressure, although the bigger picture remains sideways and rangebound. The November contract briefly traded above the 200-day moving average of $497 per tonne on Sept. 22, on the back of some fund buying triggered by a rally in Chicago soybeans.
Prairie wheat bids continue on trek downward
Grain Markets, Markets

Prairie wheat bids continue on trek downward

MGEX December spring wheat futures dropped more than 25 U.S. cents on the week

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Hard red spring wheat bids in Western Canada softened yet again during the week ended Sept. 15, as downward action in U.S. futures dragged on values. Depending on the location, average Canada Western Red Spring (CWRS) wheat prices were down $5-$6 per tonne across the Prairie provinces, according to price quotes from a cross-section of
Harvest time - combine at canola field
Grain Markets, Markets

U.S. soy, Prairie weather help halt canola’s skid

A new USDA report was briefly bearish for corn and soy

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ICE Future Canada canola contracts managed to halt their recent trek downward on the charts through a mix of weather issues, speculative buying and upward action in U.S. soybeans. However, strength in the Canadian dollar and the continuing oilseed harvest throughout North America were still bearish forces for the commodity during the week ended Sept.
Rising loonie cuts into western Canadian wheat bids
Grain Markets, Markets

Rising loonie cuts into western Canadian wheat bids

Seasonal harvest pressure also drags on cash wheat values

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Hard red spring wheat bids in Western Canada continued to trend lower during the week ended Sept. 8, as seasonal harvest pressure and a soaring loonie weighed on values despite gains in the Minneapolis futures. Depending on the location, average Canada Western Red Spring (CWRS) wheat prices were down by $2-$6 per tonne across the
Hard red wheat bids drop with U.S. harvest pressure
Grain Markets, Markets

Hard red wheat bids drop with U.S. harvest pressure

Lower MGEX wheat futures and a rising loonie also drag on cash prices

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Hard red spring wheat bids in Western Canada moved lower for the sixth straight week during the week ended Sept. 1, as an advancing U.S. harvest, declines in Minneapolis futures, and a rising Canadian dollar all weighed on local prices. Depending on the location, average Canada Western Red Spring (CWRS) wheat prices were down by
U.S. soy, corn growers take stock after Harvey
Grain Markets, Markets

U.S. soy, corn growers take stock after Harvey

StatsCan’s canola outlook is within trade estimates

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The effects of Hurricane Harvey on soybean-growing weather and energy markets made for a choppy canola market during the week ended Aug. 31. The frenetic week ended with Statistics Canada’s production estimates, which made for an interesting question: was it bullish or bearish? The initial response seemed to indicate investors were mildly reassured by the
Prairie wheat bids continue downtrend
Grain Markets, Markets

Prairie wheat bids continue downtrend

A rising loonie and falling U.S. wheat futures drag on cash wheat values

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Hard red spring wheat bids in Western Canada during the week ended Aug. 18 moved lower for a fourth consecutive week as declines in U.S. futures and strength in the Canadian dollar weighed on prices. Depending on the location, average Canada Western Red Spring (CWRS) wheat prices were down by $1-$4 per tonne across the

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