Reading Time: 2 minutes MarketsFarm — Wheat bids across Western Canada were mixed during the week ended Thursday, as losses in U.S. futures were countered by the supportive influence of a weaker Canadian dollar. Average Canada Western Red Spring (CWRS, 13.5 per cent protein) wheat prices were up by $5.20-$10.10 per tonne, according to price quotes from a cross-section […] Read more
Prairie cash wheat: Bids mixed, watching futures and currency
U.S. wheat futures down on week
Feed weekly outlook: Prices strong, beginning to stabilize
Reading Time: < 1 minute MarketsFarm — Feed grain bids in Western Canada have shown some strength over the past month, but were stabilizing in early December as corn imports pick up from the U.S. Erin Harakal, trade manager at Agfinity Inc. at Stony Plain, Alta., said prices have been strong over the past month but steady over the past […] Read more
Prairie cash wheat: Red springs rising, durum retreats
U.S. wheat futures up on week
Reading Time: 2 minutes MarketsFarm — Cash bids on the Prairies climbed higher for Canada Western Red Spring Wheat (CWRS) and Canada Prairie Spring Red (CPSR) wheats, but those for Canada Western Amber Durum (CWAD) incurred sharp decreases. Gains in most U.S. wheat markets led to the increases on the Prairies, which were also aided by a weaker Canadian […] Read more
Feed weekly outlook: Prairie grains remain firm
Transport issues slow U.S. corn flow
Reading Time: < 1 minute MarketsFarm — Feed grain prices in Western Canada remain strong in late November, although looming corn imports from the U.S. should keep a lid on the upside. Feed barley in Alberta is currently topping out at $9.78 per bushel, with feed wheat above $12 in some cases, according to Prairie Ag Hotwire. Those prices remain […] Read more
Prairie cash wheat: Falling Minneapolis futures weigh on Prairie bids
Reading Time: 2 minutes MarketsFarm — A sharp drop in Minneapolis spring wheat futures weighed on cash wheat bids across the Prairies during the week ended Thursday, but declines in the Canadian dollar provided some support and helped temper losses somewhat. Average Canada Western Red Spring (CWRS, 13.5 per cent protein) wheat prices were down by $7.60-$11.60 per tonne, […] Read more
Feed weekly outlook: Record imports of U.S. corn likely
Feeders will need to scale back barley usage
Reading Time: < 1 minute MarketsFarm — Canadian imports of corn from the United States are picking up and could hit a record this year, given the tight supply situation across the Prairies. The most recent export sales data from the U.S. Department of Agriculture showed Canada as the country’s largest corn customer during the week ended Nov. 11, accounting […] Read more
CBOT weekly outlook: Soybean purchases steal wheat’s thunder
Reading Time: < 1 minute MarketsFarm — While Chicago wheat is hitting new contract highs, soybeans are the standout commodity on the Chicago Board of Trade (CBOT), according to one trader. Over the weekend, there were rumblings that China had purchased five cargoes worth of soybeans earlier in the week. Three nights later, that number had grown, which caused soybean […] Read more
Prairie cash wheat: Bids jump after USDA projects cuts
Reading Time: 2 minutes MarketsFarm — A larger-than-expected cut in the U.S. Department of Agriculture’s (USDA) latest supply and demand forecast, plus rising wheat futures in anticipation of tighter worldwide supply, led to higher bids for western Canadian wheat for the week ended Thursday. USDA on Tuesday trimmed world wheat ending stocks to 275.8 million tonnes, down 1.38 million […] Read more
Brazil clears GMO wheat flour from Argentina in global first
Sales, however, may be slow
Reading Time: 3 minutes Sao Paulo/Buenos Aires | Reuters –– Brazil on Thursday became the first country to allow imports of flour made with genetically modified wheat, though shipments of the new variety developed in Argentina are unlikely anytime soon due to opposition from Brazilian millers and global consumers. The decision may spur a broader global discussion about genetically […] Read more
Feed weekly outlook: Barley, wheat prices among highest ever
Reading Time: < 1 minute MarketsFarm — Feed grain prices continue to push higher following a somewhat disappointing harvest on the Prairies this year, according to Glen Loyns, general manager of JGL Commodities at Moose Jaw, Sask. “We’re seeing upticks on all feed. Everything is up. You’re seeing high prices on wheat and barley. And you’re going to continue to […] Read more
A message from April Stewart, Country Guide's Associate Editor
