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U.S. wheat stocks bigger than expected, trade watching weather

CNS Canada — A larger-than-expected wheat ending stocks forecast from the U.S. Department of Agriculture weighed on the country’s wheat futures Thursday, with attention now squarely on weather conditions. The government agency pegged wheat carryout for the upcoming 2018-19 marketing year at 955 million bushels, about 30 million above average trade guesses. Total wheat production



Prairie wheat bids follow U.S. wheat futures higher

Prairie wheat bids follow U.S. wheat futures higher

MGEX, CBOT and K.C. May wheat all rose at least four per cent on the week

Wheat bids in Western Canada rose for the week ended April 6, following the lead of U.S. futures. Average Canada Western Red Spring (CWRS, 13.5 per cent protein) wheat prices rose by $13-$16 per tonne across the Prairie provinces, according to price quotes from a cross-section of delivery points compiled by PDQ (Price and Data



Prairie wheat bids follow U.S. futures down

Prairie wheat bids follow U.S. futures down

The loonie rising more than 1-1/3 U.S. cents on the week also pressured cash prices

Wheat bids in Western Canada fell for the week ended March 23, taking direction from falling U.S. futures and a higher Canadian dollar. Average Canada Western Red Spring (CWRS, 13.5 per cent) wheat prices fell across the Prairie provinces, according to price quotes from a cross-section of delivery points compiled by PDQ (Price and Data

‘Operation LIFT’ to lower wheat surplus

‘Operation LIFT’ to lower wheat surplus

Our History: March 1970

This ad from our March 13, 1970 issue advised producers that they would receive information on how to participate in Operation LIFT (Lower inventories for tomorrow) for the next season. The quota for the current year was announced to be no higher than four bushels per acre. With Canada sitting on almost a three-year wheat


U.S. soybean stocks ground high-flying canola futures

U.S. soybean stocks ground high-flying canola futures

A dump of snow over the Prairies also put prices in flux

Canola contracts on the ICE Futures Canada platform soared to their highest levels in months during the week ended March 9, but ultimately fell back to earth after the U.S. Department of Agriculture hiked its estimate for U.S. ending stocks of soybeans. The agency pegged the carry-out at 555 million bushels, about 25 million bushels

Feeding yield, not disease

Feeding yield, not disease

Agronomist Peter Johnson explores what he calls the synergy between 
nitrogen and fungicide and what it means for yield

Agronomist Peter Johnson thinks fungicide and nitrogen are a match made in heaven and a late fungicide pass may help bolster yield in wheat. Johnson, of RealAgriculture, turned his talk to wheat yield during the recent BASF Knowledge Harvest event in Brandon. The cereal has become a gap filler in between crops like soybeans and


Chicago soy, lower loonie give boost to May canola

Chicago soy, lower loonie give boost to May canola

In U.S. dollars, the commodity’s value is actually down

ICE Futures Canada canola contracts moved to their highest levels in three months during the week ended March 2, having posted gains for 10 straight sessions. Losses in the Canadian dollar and gains in Chicago Board of Trade soybeans helped keep speculators on the buy side. While the May canola contract rose by $25 per

Canada’s new and growing market: Nigeria

This African nation has a young and growing population, making it an ever more important buyer

The 2017 new crop missions’ Team Canada Wheat visited Canada’s top customers and provided them with technical data and support. Who are Canada’s top customers? Some of the answers, like Japan, will be no surprise to anyone, but many would not expect to see one of our newest top customers, Nigeria on the list. Fifteen