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Spring wheat

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Crops, Markets, Spring Wheat, Winter Wheat

Prairie cash wheat: Bids drop with U.S. futures

Canadian dollar also down on week

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Reading Time: 2 minutes MarketsFarm — Spring wheat bids in Western Canada moved lower during the week ended Thursday, as U.S. wheat futures posted losses — although softness in the Canadian dollar did provide some underlying support. Average Canada Western Red Spring (CWRS, 13.5 per cent protein) wheat prices were down by $3.50-$6.40 per tonne across the Prairies, according […] Read more
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Crops, Markets, Spring Wheat, Winter Wheat

Prairie cash wheat: Bids steady following Ukraine volatility

U.S. wheat futures up on week

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Reading Time: 2 minutes MarketsFarm — A roller-coaster type of week for grain markets, fuelled by the ongoing conflict between Ukraine and Russia, ended with slightly higher bids for western Canadian wheat for the week ended Thursday. As optimism grew over the renewal of Russia’s agreement to allow Ukrainian grain shipments on the Black Sea, wheat futures on the […] Read more
A farmer in China piles wheat. Photo: Reuters/File
Markets, Spring Wheat

China top destination for Canadian wheat through two months

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Reading Time: < 1 minute MarketsFarm – China was the main destination for Canadian wheat through the first two months of the 2022/23 (Aug/Jul) marketing year, according to the latest trade data from Statistics Canada. Canada exported 534,000 tonnes of wheat to China in August and September, accounting for about 20 per cent of Canada’s total wheat exports-to-date. Japan, Bangladesh […] Read more
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Crops, Markets, Spring Wheat, Winter Wheat

Prairie cash wheat: Bids dip with U.S. futures

Loonie down 0.4 U.S. cent on the week

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Reading Time: 2 minutes MarketsFarm — Spring wheat bids in Western Canada moved lower during the week ended Thursday, as losses in U.S. futures and a firmer tone in the Canadian dollar weighed on values. Average Canada Western Red Spring (CWRS, 13.5 per cent protein) wheat prices were down $2-$4.50 per tonne during the week, according to price quotes […] Read more
(Thinkstock photo)
Crops, Markets, Spring Wheat

Prairie cash wheat: Prices swing higher on U.S. gains

Canadian dollar down on week

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Reading Time: 2 minutes MarketsFarm — Wheat prices on the Canadian Prairies were higher for the week ended Thursday. As Canada Western Red Spring (CWRS) and Canada Prairie Spring Red (CPSR) wheats had modest upticks, Canada Western Amber Durum (CWAD) incurred double-digit increases. Gains in the U.S. wheat complex provided support, with a weaker Canadian dollar also underpinning values. […] Read more
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Crops, Markets, Spring Wheat

Prairie cash wheat: Weaker loonie underpins bids

U.S. wheat futures down on week

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Reading Time: 2 minutes MarketsFarm — Spring wheat bids in Western Canada strengthened during the week ended Thursday, as sharp declines in the Canadian dollar boosted basis levels and more than made up for the bearish influence of softening U.S. futures. Average Canada Western Red Spring (CWRS, 13.5 per cent protein) wheat prices were up by $4.10-$5.40 per tonne […] Read more
“There is uncertainty every spring about the conditions you’re going to experience, so a broad-spectrum seed treatment is always a worthwhile addition.” – David Kaminski, Manitoba Agriculture.
Crops, Spring Wheat

No ROI for seed treatments — so far

Results to date were from dry years, so watch for 2022 results

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Reading Time: 3 minutes Sometimes it’s all or nothing where Mother Nature is concerned. The growing seasons in 2020 and 2021 were both dry, so it’s perhaps not surprising that in a trial designed to quantify the impact of using a seed treatment on spring wheat, there’d be very little return on investment in those years. It’ll be more […] Read more
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Crops, Markets, Spring Wheat, Winter Wheat

Prairie cash wheat: External factors raise bids

U.S. wheat futures gain on the week

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Reading Time: 2 minutes MarketsFarm — Despite the usual harvest pressures, western Canadian wheat bids jumped during the week ended Thursday, largely due to geopolitical and macroeconomic factors. The U.S. Federal Reserve on Wednesday again raised its key interest rate to combat rising inflation — this time a 75 basis point increase, to 3.25 per cent. The rate hike […] Read more
MGEX December 2022 spring wheat (candlesticks) with K.C. December 2022 hard red wheat (yellow line) and CBOT December 2022 soft red wheat (orange line). (Barchart)
Crops, Spring Wheat, Winter Wheat

Prairie cash wheat: Bids move higher

U.S. wheat futures gain on week

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Reading Time: 2 minutes MarketsFarm — Spring wheat bids in Western Canada strengthened during the week ended Thursday, as gains in U.S. futures and weakness in the Canadian dollar provided support. The advances came despite seasonal harvest pressure and an upward revision to Statistics Canada’s production estimate for the country’s spring wheat crop. Average Canada Western Red Spring (CWRS, […] Read more
(Thinkstock photo)
Crops, Markets, Spring Wheat, Winter Wheat

Prairie cash wheat: Putin comments raise wheat bids

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Reading Time: 2 minutes MarketsFarm — Comments from Russian President Vladimir Putin brought more uncertainty to Ukrainian wheat shipments, which in turn helped raise western Canadian wheat bids for the week ended Thursday. On Wednesday at an economic forum in the eastern Russian city of Vladivostok, Putin said the Ukrainians were “cheating,” adding that grain shipments from the country […] Read more

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