Reading Time: 2 minutes MarketsFarm — Spring wheat bids in Western Canada strengthened during the week ended Thursday, as sharp declines in the Canadian dollar boosted basis levels and more than made up for the bearish influence of softening U.S. futures. Average Canada Western Red Spring (CWRS, 13.5 per cent protein) wheat prices were up by $4.10-$5.40 per tonne […] Read more
Prairie cash wheat: Weaker loonie underpins bids
U.S. wheat futures down on week
No ROI for seed treatments — so far
Results to date were from dry years, so watch for 2022 results
Reading Time: 3 minutes Sometimes it’s all or nothing where Mother Nature is concerned. The growing seasons in 2020 and 2021 were both dry, so it’s perhaps not surprising that in a trial designed to quantify the impact of using a seed treatment on spring wheat, there’d be very little return on investment in those years. It’ll be more […] Read more
Prairie cash wheat: External factors raise bids
U.S. wheat futures gain on the week
Reading Time: 2 minutes MarketsFarm — Despite the usual harvest pressures, western Canadian wheat bids jumped during the week ended Thursday, largely due to geopolitical and macroeconomic factors. The U.S. Federal Reserve on Wednesday again raised its key interest rate to combat rising inflation — this time a 75 basis point increase, to 3.25 per cent. The rate hike […] Read more
Prairie cash wheat: Bids move higher
U.S. wheat futures gain on week
Reading Time: 2 minutes MarketsFarm — Spring wheat bids in Western Canada strengthened during the week ended Thursday, as gains in U.S. futures and weakness in the Canadian dollar provided support. The advances came despite seasonal harvest pressure and an upward revision to Statistics Canada’s production estimate for the country’s spring wheat crop. Average Canada Western Red Spring (CWRS, […] Read more
Prairie cash wheat: Putin comments raise wheat bids
Reading Time: 2 minutes MarketsFarm — Comments from Russian President Vladimir Putin brought more uncertainty to Ukrainian wheat shipments, which in turn helped raise western Canadian wheat bids for the week ended Thursday. On Wednesday at an economic forum in the eastern Russian city of Vladivostok, Putin said the Ukrainians were “cheating,” adding that grain shipments from the country […] Read more
Prairie cash wheat: Bids mixed headed into long weekend
Reading Time: 2 minutes MarketsFarm — Despite projections that Canada will have a large wheat harvest this year, Western Canadian wheat bids were mixed for the week ended Thursday, largely due to a weakening Canadian dollar. Statistics Canada (StatCan) on Monday released its satellite imagery-based July principal field crop production estimates, which projected a total wheat harvest of 34.6 […] Read more
Prairie cash wheat: Bids fall sharply lower
U.S. wheat futures, Canadian dollar down on week
Reading Time: 2 minutes MarketsFarm — Spring wheat bids in Western Canada dropped sharply lower during the week ended Thursday, as losses in U.S. futures weighed on values. Increased grain movement out of Ukraine, as more vessels were finally shipping corn and wheat out of Black Sea ports, contributed to the selling pressure in the futures that spilled into […] Read more
Prairie cash wheat: Bids show some strength
U.S. wheat futures, loonie up on week
Reading Time: 2 minutes MarketsFarm — Spring wheat bids in Western Canada moved higher during the week ended Thursday, taking back most of the losses from the previous week as gains in U.S. futures provided support. Average Canada Western Red Spring (CWRS, 13.5 per cent protein) wheat prices were up by $12-$15.50 per tonne during the week ended Thursday, […] Read more
Feed weekly outlook: Prices lower despite mixed growing conditions
Reading Time: 2 minutes MarketsFarm — While not as widespread as last year’s historic drought, some parts of Alberta are still struggling with hot and dry conditions. Suzanne Leclerc, owner of Market Master Ltd. in Edmonton, said growing conditions for feed grains across the province are varied. “As usual for the last couple of years, such a mixed review,” […] Read more
Good weather, moisture boost northern North Dakota spring wheat prospects
Reading Time: 2 minutes Devil’s Lake, N.D. | Reuters – Good weather and rains lifted spring wheat yields across northwest and north central North Dakota, although the lagging maturity of the late-planted crop may limit harvest prospects in the top producer of the high-protein grain, scouts on an annual tour said on Wednesday. Crop scouts estimated the average yield […] Read more
A message from April Stewart, Country Guide's Associate Editor
