Reading Time: 2 minutes MarketsFarm — Despite adverse weather conditions in both Canada and the U.S., as well as poor growing conditions south of the border, western Canadian wheat bids saw slight increases for the week ended Thursday. A spring snowstorm descended on eastern Saskatchewan, western Manitoba and North Dakota on Wednesday and Thursday, with some parts seeing up […] Read more
Prairie cash wheat: Red wheats up slightly on week
Prairie durum values down on week
Feed weekly outlook: Quiet times appear to be ahead
Significant weather event would maybe move prices
Reading Time: < 1 minute MarketsFarm — As feed grain prices on the Canadian Prairies remain relatively stable, the market appear to be “moving to a quiet summer,” according to Brandon Motz of CorNine Commodities at Lacombe, Alta. “Demand remains neutral to weak, and farmers are holding on to their grain that’s left in the bin,” Motz explained, noting feedlots […] Read more
Less wheat expected in Kazakhstan in 2023-24, despite same acres
Soil moisture loss expected in wheat-growing regions
Reading Time: 2 minutes MarketsFarm — As the 2022-23 crop year in Kazakhstan begins to wind down, the U.S. Department of Agriculture (USDA) attaché in the country’s capital of Astana estimated its wheat production at 16.4 million tonnes. Should that forecast hold, the attaché’s report noted it would be the largest wheat harvest since 2017-18. However, going into the […] Read more
Prairie cash wheat: Stronger loonie sends bids down
U.S. wheat futures also down on week
Reading Time: 2 minutes MarketsFarm — A rising Canadian dollar helped lower western Canadian wheat bids for the week ended Thursday despite an array of supportive factors. As the central and southern U.S. Plains deal with severe drought in winter wheat-growing areas, a large snowpack in the northern Plains threatens to delay spring wheat seeding by a few weeks. […] Read more
Prairie cash wheat: Bids drift lower
U.S. wheat futures down on week
Reading Time: 2 minutes MarketsFarm — Spring wheat bids in Western Canada softened during the week ended Wednesday, as choppiness in U.S. futures and strength in the Canadian dollar weighed on values. Average Canada Western Red Spring (CWRS, 13.5 per cent protein) wheat prices were down by $1.60-$6.90 per tonne across the Prairies, according to price quotes from a […] Read more
P+H upgrading southwestern Ontario elevator
Improved unload times expected for wheat deliveries
Reading Time: < 1 minute Updated, April 6 — Agrifood firm Parrish and Heimbecker has started “major” upgrades on one of its southwestern Ontario grain elevators, with plans to dedicate the site to milling wheat. Winnipeg-based P+H said Tuesday the work already underway at its inland facility on Highway 21 just south of Kincardine will boost unloading speeds on grain […] Read more
Prairie cash wheat: Reds higher, durum dips
U.S. wheat futures up on the week
Reading Time: 2 minutes MarketsFarm — Wheat prices on the Canadian Prairies saw modest increases in the red spring varieties during the week ended Thursday, while durum stepped back. Significant gains in the U.S. wheat complex spilled over into Canadian cash prices, but stronger Canadian dollar tempered further increases. Ongoing concerns about dry conditions in the U.S., especially the […] Read more
Cargill plans to halt grain export activities in Russia
Viterra also set to halt grain trading in Russia, sources say
Reading Time: 2 minutes Moscow/Chicago | Reuters — Cargill said Wednesday it would take a further step back from the Russian market by stopping handling Russian grain from its export terminal from July, although its shipping unit will continue to carry grain from Russian ports. Most international grain traders have stopped new investment in Russia since last year following […] Read more
Prairie cash wheat: Red spring wheats gain ground, durum dips
U.S. futures, Canadian dollar up on week
Reading Time: 2 minutes MarketsFarm — Wheat prices on the Canadian Prairies saw upticks in the red spring varieties during the week ended Thursday, while durum stepped back a little. A strong upswing in the U.S. wheat complex lent support to Canadian cash prices, but a slightly higher dollar tempered further increases. There’s continued dryness in the U.S., especially […] Read more
Prairie cash wheat: U.S. futures drag down wheat bids
Potential for more interest rate hikes remains
Reading Time: 2 minutes MarketsFarm — Hawkish comments from the chair of the U.S. Federal Reserve and the possible renewal of the Black Sea Grain Initiative brought down wheat futures on the Chicago Board of Trade (CBOT) for the week ended Thursday — and, in turn, pressured western Canadian wheat bids. In front of the U.S. Senate banking committee […] Read more
A message from April Stewart, Country Guide's Associate Editor
