Reading Time: 2 minutes MarketsFarm – Wheat bids in Western Canada were mixed for the week ended Oct. 31. Canadian Western Red Spring Wheat (CWRS) was lower, while Canada Prairie Red Spring (CPRS) was steady to lower. Canadian Western Amber Durum (CWAD) was steady to higher. The Canadian dollar dropped almost a half cent from three-month highs to hover […] Read more
Western Canadian wheat bids mixed as loonie retreats from highs
Feed weekly outlook: Feed grain prices a mixed bag
Reading Time: < 1 minute MarketsFarm – Feed grain prices reflected the mixed bag of harvest conditions across the Prairies, which produced feed grains of varying quality. In particular, for feed wheat that came off the fields dry and in good condition, prices were around C$5.50 per bushel. However, there’s about a 50-cent discount for tough feed wheat, and moisture […] Read more
Prairie oats market stable, but strong
Reading Time: 2 minutes Oats bids in Western Canada have stabilized for the time being, as the weather concerns that propped up the market at the beginning of the month are largely factored in. “It’s a pretty stable market. Stable, but strong,” said Scott Shiels, of Grain Millers Inc. in Yorkton, Sask. Prices moved up at the beginning of […] Read more
Western Canadian wheat bids mostly lower
Reading Time: 2 minutes Wheat bids in Western Canada were mostly lower for the week ended October 24. Losses were observed in Canadian Western Red Spring Wheat (CWRS) and Canadian Red Spring (CPSR), with Canadian Western Amber Durum (CWAD) staying steady to slightly lower. Average CWRS (13.5 per cent) wheat prices were down by C$7 to C$8 per tonne, […] Read more
Crop, field conditions to determine what’s feed
Reading Time: < 1 minute MarketsFarm – Given the difficult conditions grain farmers have contended with in 2019, especially the cold, wet conditions that’s drawing out the harvest, it’s hard to say how much wheat and barley will end up as feed, according to one broker. “I really think we don’t know what to expect. There’s wheat coming off even […] Read more
Cash wheat bids: Red spring gains, durum eases
Reading Time: 2 minutes MarketsFarm — Wheat bids in Western Canada were mostly higher for the week ended Thursday. Strong gains were seen in Canada Western Red Spring (CWRS) and Canada Prairie Spring Red (CPRS) wheats, while Canada Western Amber Durum (CWAD) was steady to lower. The Canadian dollar gained almost nine-10ths of a cent during the week, closing […] Read more
Cash wheat bids: CWRS up with U.S. futures, improved basis
Reading Time: 2 minutes MarketsFarm — Wheat bids in Western Canada were mixed during the week ended Thursday, with gains in some classes and losses in others as the domestic market reacted to adverse harvest weather and mixed activity in U.S. futures. Average CWRS (Canada Western Red Spring, 13.5 per cent protein) wheat prices were up by $4-$5 per […] Read more
Feed weekly outlook: Prairie grain market finding a bottom
Reading Time: 2 minutes MarketsFarm — The western Canadian feed grain market is showing signs of finding a bottom, as buyers wait to get a better handle on the quality of grain still unharvested across the Prairies. Feed barley is currently trading at around $200 per tonne in southern Alberta, while feed wheat bids are around $210, according to […] Read more
Late North American durum faces quality downgrades
Reading Time: 2 minutes MarketsFarm — Cool and wet conditions delaying harvest operations across North America’s durum-growing regions are cutting into the quality of the crop in both the U.S. and Canada, with widening price spreads likely going forward. “It’s been a challenging harvest,” said Erica Olson, marketing specialist with the North Dakota Wheat Commission. “We did have some […] Read more
Iraq replaces state grain agency’s chief
Reading Time: < 1 minute Baghdad/Dubai | Reuters — Iraq, a major Middle East wheat and rice importer, has replaced the head of its state grain buying agency, government sources and a document showed on Tuesday. Naeem al-Maksousi was replaced by Hassanein Mahdi Elwan, a document reviewed by Reuters showed. The reason for the replacement, which comes after a week […] Read more
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