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A mature wheat crop in southern Saskatchewan, on Sept. 2, 2018.
Grain Markets, Markets, Other

Western Canadian wheat bids finish week mixed

Cash wheat values took support from U.S. futures against a stronger Canadian dollar

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Hard red spring wheat bids in Western Canada held rangebound in most locations during the week ended Sept. 14, with small gains in some areas and small losses in others, as the futures held reasonably steady and the Canadian dollar strengthened. Average Canada Western Red Spring (CWRS, 13.5 per cent protein) wheat prices were within
Dropping U.S. futures drag Prairie wheat bids lower
Grain Markets, Markets

Dropping U.S. futures drag Prairie wheat bids lower

Minneapolis, Chicago and Kansas City December wheat all dropped significantly on the week

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Wheat bids in Western Canada were down again for the week ended Sept. 7, following the lead of U.S. futures markets. While U.S. futures dropped significantly, a weaker Canadian dollar held back losses for Prairie wheat bids. Average Canada Western Red Spring (CWRS, 13.5 per cent protein) wheat prices were down $1-$2 per tonne, according
Harvest uncertainty holds canola in sideways trench
Grain Markets, Markets

Harvest uncertainty holds canola in sideways trench

StatsCan’s reports did little to move markets either way

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ICE Futures canola contracts held within a rather narrow range during the week ended Sept. 7, with even a pair of Statistics Canada reports unable to break the market out of its sideways pattern. Prairie harvest operations are moving north, and weather conditions and yield reports will be followed closely for at least the next
Prairie wheat bids down again with U.S. futures
Grain Markets, Markets

Prairie wheat bids down again with U.S. futures

Minneapolis, Chicago and Kansas City December wheat futures were all down on the week

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Wheat bids in Western Canada continued to fall during the week ended Aug. 30, following the lead of the U.S. futures markets. Average Canada Western Red Spring (CWRS, 13.5 per cent) wheat prices were down by $4 to $6 per tonne, according to price quotes from a cross-section of delivery points compiled by PDQ (Price
StatsCan data lifts, U.S. soy drags on canola futures
Grain Markets, Markets

StatsCan data lifts, U.S. soy drags on canola futures

Trade talks add volatility on the Canadian dollar

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Canola futures found themselves in a sea of volatility during the week ended Aug. 31 as trade negotiations, an improving weather situation across Western Canada and a key report by Statistics Canada took turns pulling futures up and down. The government agency, in its Aug. 31 report, estimated Canadian canola production at 19.2 million acres,
Prairie wheat bids follow U.S. futures higher
Grain Markets, Markets

Prairie wheat bids follow U.S. futures higher

Chicago and K.C. September wheat futures rose on the week while Minneapolis wheat slipped

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Hard red spring wheat bids in Western Canada climbed higher during the week ended Aug. 17, taking direction from most of the U.S. futures markets. Average Canada Western Red Spring (CWRS, 13.5 per cent protein) wheat prices were up $6-$9 per tonne, according to price quotes from a cross-section of delivery points compiled by PDQ
Expectations for U.S. crops likely to drag on canola market
Grain Markets, Markets

Expectations for U.S. crops likely to drag on canola market

New crop estimates are due out from StatsCan next week

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ICE canola contracts moved higher during the week ended Aug. 17, although the market remains rangebound overall with seasonal harvest pressure and a large U.S. soybean crop likely to temper the upside going forward. From a chart standpoint, the November contract remains stuck in a $50 range between $475 and $525 per tonne. Statistics Canada
Average durum prices on the week were narrowly mixed.
Grain Markets, Markets

CWRS wheat bids rise, but run into resistance

Minneapolis, Chicago and Kansas City futures backed off from their nearby highs

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Hard red spring wheat bids in Western Canada edged higher during the week ended Aug. 10, although the U.S. futures backed away from their nearby highs and the North American wheat market showed signs of running into resistance. Average Canada Western Red Spring (CWRS, 13.5 per cent protein) wheat prices were up by $1-$2 per
Some buyers have stepped back from the market, awaiting new-crop supplies when they know prices will be cheaper.
Grain Markets, Markets

Canola finds independent strength against soybeans

The switch from Winnipeg to New York weighed on volumes

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Canola futures held up surprisingly well during the week ended August 10 as a heat wave in the Canadian Prairies overpowered the bearish effects of a U.S. Department of Agriculture report that predicted a record soybean crop in the U.S. ICE’s front-month November canola contract closed on Friday, Aug. 10 at $504.90 a tonne, over
Farmers may be hesitant to plant soybeans next year due to market uncertainties related to the U.S.-China trade war, and if so, this could mean more corn acres and a potential glut in the market in 2019.
Comment, Opinion

Opinion: Corn may be an unintended trade war victim in 2019

Wheat is also likely to see the effect of a stampede out of beans

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U.S. corn supply is predicted to plunge by 23 per cent over the next year, but the tighter domestic market may be a short-lived phenomenon pending the resolution of the U.S.-China trade war. The world’s two largest economies have been embroiled in a trade battle in which Beijing hit U.S. soybeans with a 25 per

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