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U.S. drought keeps Prairie wheat bids climbing
Grain Markets, Markets

U.S. drought keeps Prairie wheat bids climbing

Wheat futures rallied on conditions in Montana and North Dakota

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Hard red spring wheat bids in Western Canada continued to rise with the rallying U.S. futures during the week ended June 30, as drought conditions in North Dakota and Montana worsened. Depending on the location, average Canada Western Red Spring (CWRS) wheat prices were up $33 to $37 per tonne across the Prairie provinces, according
Prairie wheat bids rise amid concerns over U.S. wheat
Grain Markets, Markets

Prairie wheat bids rise amid concerns over U.S. wheat

Conditions in U.S. spring wheat areas raise questions over quality and yield

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Hard red spring wheat bids in Western Canada posted gains during the week ended June 23, as continued concerns about yields and quality in the U.S. spring wheat crop pushed the market higher. Depending on the location, average Canada Western Red Spring (CWRS) wheat prices were up $6-$8 per tonne across the Prairie provinces, according
Concept of making money agriculture
Grain Markets, Markets

CWRS wheat bids rise with temperatures

Conditions in major spring wheat-growing regions boosted MGEX wheat futures

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Hard red spring wheat bids in Western Canada climbed higher during the week ended June 9, as hot and dry conditions in some of the major spring wheat-growing regions of the U.S. and Canada led to a rally in the Minneapolis futures. Depending on the location, average Canada Western Red Spring (CWRS) wheat prices were
Dry conditions on Prairies support ICE canola futures
Grain Markets, Markets

Dry conditions on Prairies support ICE canola futures

USDA’s WASDE report painted a clearer supply picture

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The canola market edged higher on the week as investors short-covered in the face of weather concerns in Western Canada. Positioning into a report from the U.S. Department of Agriculture was also a feature, though the data was less of a market mover than weather-based influences. Ahead of the weekend, traders were looking for rain,
A farmer piles wheat up after a harvest in Shandong province in 2013.
Cereals, Opinion

China’s wheat hoard masks tightening in global market

Without China’s politically motivated stocks in the equation, supply would actually be tightening

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World wheat supply is expected to hit record levels in 2017-18 for the fourth year in a row, but remove China from the equation and next year’s global wheat carry-out would be the lowest in four years. The U.S. Department of Agriculture recently projected world wheat ending stocks would rise to 258.29 million tonnes in
Western wheat bids chop up and down
Grain Markets, Markets

Western wheat bids chop up and down

Average prices for CWRS wheat ran around $232 per tonne in western Manitoba

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Hard red spring wheat bids in Western Canada saw volatile action during the week ended May 5, ultimately ending mixed in the face of competing influences. Depending on the location, average Canada Western Red Spring (CWRS) wheat prices were down by as much as $1.75 to up $2.25 per tonne across the Prairie provinces, according
CWRS bids rise along with weaker Canadian dollar
Grain Markets, Markets

CWRS bids rise along with weaker Canadian dollar

Basis levels across Western Canada range from C$19 to C$39 below the futures

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Hard red spring wheat bids in Western Canada moved higher during the week ended April 21, as sharp weakness in the Canadian dollar made up for the softer tone in the Minneapolis spring wheat futures. Depending on the location, average Canada Western Red Spring (CWRS) wheat prices were up by C$2 to C$4 per tonne
Prairie wheat bids rise, tracking U.S. futures
Grain Markets, Markets

Prairie wheat bids rise, tracking U.S. futures

Cash durum and CPSR wheat prices in the West held steady on the week

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Hard red spring wheat bids in Western Canada were slightly stronger during the week ended April 14 as advances in U.S. futures pointed the way higher. Depending on the location, average Canada Western Red Spring (CWRS) wheat prices were mostly higher, rising by $1 to as much as $9 per tonne across the Prairie provinces,
Wheat bids soften in Western Canada
Grain Markets, Markets

Wheat bids soften in Western Canada

A stronger Canadian dollar helped drag on cash wheat prices

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Spring wheat bids in Western Canada were steady to lower during the week ended March 31, as a softer tone in U.S. futures and strength in the Canadian dollar weighed on prices in the countryside. Depending on the location, average Canada Western Red Spring (CWRS) wheat prices were steady to down $2 per tonne across

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