Reading Time: 2 minutes Spring wheat futures at the Minneapolis Grain Exchange remain stuck in a well established downtrend and are expected to remain pointed lower barring a weather scare or other outside influence. “Looking at a chart, it continues to show some weakness,” said Austin Damiani, a broker with Frontier Futures in Minneapolis. The September wheat contract in Minneapolis […] Read more
Spring wheat futures stuck in downtrend: analyst
Canadian malt barley looking good, prices under pressure
Reading Time: 2 minutes Barley crops in western Canada are in good shape overall, although how much meets malt specifications will be highly dependent on weather conditions at harvest time. Prices have more room to the downside than the upside given the softer international market and expectations for large North American feed grain supplies. “In general, things look pretty good,” […] Read more
Man., Sask. soybeans catch up on development
Reading Time: 2 minutes Soybeans may have been planted late in Manitoba and Saskatchewan this year, but hot temperatures in recent weeks have helped speed up the development. “They look great,” said Mark Jorgensen of soybean processor Delmar Commodities at Winkler, Man., noting hot days and hot nights have helped the soybeans gain ground despite being seeded a little […] Read more
Prairie wheat bids down for second straight week
Reading Time: < 1 minute Cash wheat bids across Western Canada edged lower during the week ending Monday (July 8), as losses in the U.S. futures spilled into the Canadian market. Localized basis opportunities continued to be found in some cases, with the Canadian spot bids generally lagging the U.S. futures to the downside. Average spot bids on Monday for […] Read more
Canola rangebound, watching weather and soybeans
Reading Time: 2 minutes ICE Futures Canada canola contracts were lower during the week ending Wednesday, as relatively favourable Canadian crop conditions and a combination of bearish outside market influences weighed on values. Prices neared the low end of their well established trading range and found some support, as activity slowed down ahead of the U.S. Independence Day holiday. […] Read more
Prairie wheat bids soften
Reading Time: < 1 minute Cash wheat bids across Western Canada were mostly lower during the week ended Tuesday (July 2), as losses in the U.S. futures spilled into the Canadian market. However, while the general trend was down, there were some localized basis opportunities to be found. Average spot bids on Tuesday for 13.5 per cent-protein Canada Western red […] Read more
No surprises in StatsCan’s acreage count
Reading Time: 2 minutes Canadian farmers planted a little more canola and a little less wheat compared to early intentions, but Statistics Canada’s updated acreage estimates, released Tuesday, were largely in line with trade expectations. With few surprises in the numbers, attention in the grains and oilseeds was expected to turn to weather conditions over the course of the […] Read more
Prairie wheat bids strengthen
Reading Time: < 1 minute Cash wheat bids across Western Canada moved higher during the week ending Monday (June 24), outpacing the U.S. futures to the upside as the weaker Canadian dollar caused basis levels to improve. Average spot bids on Monday for 13.5 per cent-protein Canada Western red spring (CWRS) wheat across Manitoba, Saskatchewan and Alberta came in at […] Read more
Prairie wheat bids decline for second straight week
Reading Time: < 1 minute Cash wheat bids across Western Canada moved lower during the week ended Monday, as declines in U.S. wheat futures and attention shifting to relatively favourable new-crop prospects weighed on values. Average spot bids for 13.5 per cent-protein Canada Western red spring on Monday across Manitoba, Saskatchewan and Alberta came in at around C$263 per tonne […] Read more
Prairie CWRS wheat bids holding steady
Reading Time: < 1 minute Cash wheat bids across Western Canada saw some narrowly mixed activity during the week ended Tuesday (May 28). Canada Western red spring (CWRS) wheat bids held relatively steady, with small declines at some elevators and a firmer tone at other locations. Average spot bids for 13.5 per cent-protein CWRS across Manitoba, Saskatchewan and Alberta on […] Read more
A message from April Stewart, Country Guide's Associate Editor
