GFM Network News


Prairie cash wheat: Rising loonie cuts into bids

Reading Time: 2 minutes MarketsFarm — Hard red spring wheat bids in Western Canada lost ground during the week ended Thursday, as the bearish influence of a strengthening Canadian dollar more than offset supportive influence from gains in U.S. futures. Average Canada Western Red Spring (CWRS, 13.5 per cent protein) wheat prices were down $5.50-$10 per tonne, according to […] Read more

CBOT weekly outlook: Wheat futures underpinned for now

However, traders still watching headlines

Reading Time: < 1 minute MarketsFarm — U.S. wheat futures have climbed higher over the past week, with the largest gains in Chicago Board of Trade soft wheat, as global uncertainty over the COVID-19 pandemic provided some support. However, that uncertainty could also makes predicting market trends rather difficult, according to an analyst. “All of my comments come with a […] Read more


Prairie cash wheat: Bids surge on U.S. gains, weaker loonie

Reading Time: 2 minutes MarketsFarm — Wheat bids in Western Canada were significantly higher for the week ended Thursday on gains in U.S. markets coupled with a weaker Canadian dollar. Canada Prairie Spring Red (CPSR) wheat saw the largest increases, with bids up by more than $20 per tonne. Increases for Canada Western Red Spring (CWRS) wheat were in […] Read more

Feed weekly outlook: Grain prices mostly steady through market turmoil

Reading Time: < 1 minute MarketsFarm — Despite commotion in markets due to economic impact from the COVID-19 coronavirus pandemic, feed grain prices have been steady, according to Nelson Neumann of Agfinity in Edmonton. Feed prices were in a steady decline since the cold snap around the beginning of January, he said. “This week/last week, we haven’t seen the price […] Read more


Prairie cash wheat: Weaker loonie battles lower U.S. futures

Reading Time: 2 minutes MarketsFarm — Wheat bids in Western Canada for the week ended Thursday saw prices for Canada Western Red Spring (CWRS) wheat on either side of steady. Prices for Canada Prairie Spring Red (CPSR) saw a greater range of losses and gains, while prices for Canada Western Amber Durum (CWAD) were steady to higher. There was […] Read more

Prairie cash wheat: Spring wheat drops, durum steady

MGEX, CBOT, K.C. May wheats down on week

Reading Time: 2 minutes MarketsFarm — Prairie wheat bids for Canada Western Red Spring (CWRS) and Canada Prairie Spring Red (CPSR) wheat were lower for the week ended Thursday, following losses in U.S. futures. Canada Western Amber Durum (CWAD) largely held steady, buoyed by a weaker Canadian dollar, which lost about six-10ths of a cent. Average CWRS (13.5 per […] Read more


Prairie cash wheat: Bids mostly weaker on U.S. price declines

Reading Time: 2 minutes MarketsFarm — Bids in Western Canada for the week ended Thursday were steady to lower for Canada Western Red Spring (CWRS), Canada Prairie Spring Red (CPSR) and durum (CWAD) wheats, as declines in U.S. wheat prices weighed on values. The Canadian dollar was up two-10ths of a U.S. cent during the week, which also put […] Read more

Feed weekly outlook: Bids pressured by lower demand

Reading Time: < 1 minute MarketsFarm — Feed grain prices have remained soft, as feedlots in Western Canada are covered for the foreseeable future. Last week, prices for feed barley and feed wheat delivered in Lethbridge were around $230 per tonne, but have come down by about $10 since then, according to Allan Pirness of Market Place Commodities. While these […] Read more


Sudan to continue to subsidize bread but with ‘justice’

Reading Time: < 1 minute Khartoum | Reuters — Sudan will continue to subsidize bread prices during transitional rule after Omar al-Bashir’s ouster but wants to achieve “justice” in distributing income supports, its trade and industry minister said on Wednesday. Bread shortages, caused by difficulties in raising hard currency to import wheat, triggered mass protests which — with the help […] Read more

Prairie cash wheat: Lower loonie strengthens bids

Reading Time: 2 minutes MarketsFarm — Wheat bids in Western Canada for the week ended Thursday were up for Canada Western Red Spring (CWRS) and Canada Prairie Spring Red (CPSR) wheat. Bids for Canada Western Amber Durum (CWAD) were steady to higher. The Canadian dollar was down by approximately four-10ths of a cent during the week, which provided support […] Read more