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

Prairie wheat bids down with U.S. futures

MGEX, CBOT and K.C. wheat futures declined between three and six per cent on the week

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Wheat bids in Western Canada fell for the week ended June 1, following the lead of U.S. futures. Depending on the location, average Canada Western Red Spring (CWRS, 13.5 per cent protein) wheat prices were down $12-$16 per tonne across the Prairie provinces, according to price quotes from a cross-section of delivery points compiled by
horizontal image of five round steel grain bins sitting in a yellow canola field under a very cloudy sky in the summer.
Grain Markets, Markets

Trade spats drag on canola as weather worries subside

The winter wheat harvest could pressure wheat for now

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Much-needed rain fell across large areas of Western Canada during the week ended June 1, weighing on canola prices as traders took some of the weather premiums out of the market and farmers became more willing sellers. Chart-based selling added to the declines, as canola backed away from major upside resistance. The July contract had
Wheat and US dollars
Grain Markets, Markets

Prairie wheat bids follow U.S. futures upward

MGEX, CBOT and K.C. July wheat rose by between two and five per cent on the week

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Wheat bids in Western Canada rose for the week ended May 25, taking support from rising U.S. futures and a weaker Canadian dollar. Depending on the location, average Canada Western Red Spring (CWRS, 13.5 per cent protein) wheat prices were up $7-$17 per tonne across the Prairie provinces, according to price quotes from a cross-section
Dry conditions on Prairies underpin canola trading
Grain Markets, Markets

Dry conditions on Prairies underpin canola trading

China’s interest in U.S. soy is both bearish and bullish

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Contracts on the ICE Futures Canada canola complex inched their way higher during the week ended May 25, momentarily threatening to break above major chart resistance at $540 per tonne until traders stepped in and took profits before Friday’s close. Many parts of Western Canada are badly in need of more rain, underpinning trading in
Weaker loonie drives up Prairie wheat bids
Grain Markets, Markets

Weaker loonie drives up Prairie wheat bids

MGEX, CBOT and K.C. July wheat contracts all rose in value on the week

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A weaker Canadian dollar combined with rising U.S. futures drove wheat bids in Western Canada higher for the week ended May 18. Depending on the location, average Canada Western Red Spring (CWRS, 13.5 per cent) wheat prices were up by $10-$11 per tonne across the Prairie provinces, according to price quotes from a cross-section of
Oilseed Rape Pods
Grain Markets, Markets

Canola futures stay locked in long-term trading range

Saskatchewan and western Manitoba stay on the dry side

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ICE Futures Canada canola contracts held within their well-established trading range during the week ended May 18, with all eyes on weather conditions at this time of year. Some much-needed rain hit Winnipeg and surrounding areas of Manitoba on Friday, but western parts of the province and Saskatchewan remain on the dry side and in
Futures drop, loonie rises, spring wheat bids down
Grain Markets, Markets

Futures drop, loonie rises, spring wheat bids down

Improved seeding conditions for spring wheat are also bearish for cash wheat values

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Hard red spring wheat bids in Western Canada moved lower during the week ended May 11 as a rally in the Canadian dollar and losses in U.S. futures weighed on values. Forecasts calling for improving moisture conditions in U.S. winter wheat-growing regions accounted for some of the selling pressure, while better spring wheat seeding conditions
Blooming rapeseed field at sunset
Grain Markets, Markets

Despite government reports, canola remains rangebound

A new supply/demand report loads weights on U.S. futures

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Canola contracts continued to chop around the $525- to $535-per-tonne range during the week ended May 11, despite some recent government reports that were deemed bullish for the market. The U.S. Department of Agriculture on May 10 released its monthly supply and demand report, in which it lowered its estimate of the ending stocks for
Prairie wheat bids follow U.S. futures upward
Grain Markets, Markets

Prairie wheat bids follow U.S. futures upward

July MGEX and CBOT wheat futures rose while K.C. HRW wheat slipped on the week

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Most wheat bids in Western Canada rose for the week ended May 4, supported by gains in the U.S. markets and a slightly weaker loonie. Average Canada Western Red Spring (CWRS, 13.5 per cent) wheat prices rose by $8-$11 per tonne across most of the Prairie provinces, according to price quotes from a cross-section of
Seeding launch adds bearish influence to grain markets
Grain Markets, Markets

Seeding launch adds bearish influence to grain markets

Canola futures’ move to the U.S. shuts the lid on the WCE era

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It was a bit of a mixed bag in the canola market during the week ended May 4, with old-crop months drifting lower and new-crop contracts steady to higher. Warm and dry weather across Western Canada allowed farmers to start making headway with spring seeding, with cereals and pulses the first to go in the

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