Reading Time: 3 minutes CNS Canada –– Cash bids for Canadian wheat were stronger during the week ended Thursday, as U.S. wheat futures rallied sharply higher and basis levels improved, in general. Average Canada Western Red Spring (CWRS) wheat prices were C$10-$13 per tonne higher, with bids ranging from about $196 per tonne in north-central Saskatchewan to $214 per […] Read more
Prairie wheat bids up sharply as U.S. futures rally
Cash wheat market up slightly with U.S. futures
Reading Time: 3 minutes CNS Canada — Cash bids for Prairie wheat were steady to slightly higher during the week ended Friday, finding support from strength in U.S. wheat futures markets. Average Canada Western Red Spring (CWRS) wheat prices were steady to C$3.50 per tonne higher, with bids ranging from about $186 per tonne in north-central Saskatchewan to $204 […] Read more
U.S. wheat futures hit new lows, more losses likely
Reading Time: 2 minutes CNS Canada –– All three U.S. wheat futures markets hit fresh contract lows on Tuesday — and further losses are likely, as most fundamental and technical factors remain bearish. “The trend certainly hasn’t been positive,” said market analyst Bryan Strommen of Progressive Ag in Fargo, N.D. He cited improving U.S. winter wheat conditions, favourable weather […] Read more
Colombia clears paper trail for more Canadian wheat
Reading Time: 2 minutes “Continuous engagement” has led to a lighter regulatory load on Canadian wheat bound for Colombia, already Canada’s seventh-biggest wheat export market. The Canadian Food Inspection Agency and trade group Cereals Canada on Tuesday announced Colombia has eased phytosanitary import rules for Canadian wheat, “effectively putting Canada on a level playing field with other exporting countries.” Colombia’s […] Read more
Prairie CWRS bids mixed as basis adjustments vary
Reading Time: 3 minutes CNS Canada — Cash bids for Canadian wheat were mixed during the week ended Friday, due to basis adjustments that varied from location, to location. Average Canada Western Red Spring (CWRS) wheat prices were C$2.50 per tonne lower to $4 higher, with bids ranging from $185 per tonne in north-central Saskatchewan to $203 per tonne […] Read more
Wheat bids edge lower across Prairies
Reading Time: 3 minutes CNS Canada — Cash bids for Canadian wheat were down during the week ended Friday, as values reacted to adjustments in the U.S. futures and the foreign exchange markets. Average Canada Western Red Spring (CWRS) wheat prices were down by C$3 to $5 per tonne, with bids ranging from $181 per tonne in north-central Saskatchewan […] Read more
Daily price limits revised for CBOT grains futures
Reading Time: < 1 minute Chicago | Reuters — Daily price limits for Chicago Board of Trade (CBOT) corn and wheat futures will rise starting in May, while soybean limits will not change following a semi-annual review, CBOT parent CME Group said Thursday. Under exchange rules, the CBOT resets daily limits for grains and oilseeds in May and November of […] Read more
Prairie wheat bids slide with U.S. futures
Reading Time: 2 minutes CNS Canada — Cash bids for Canadian wheat were down during the week ended Friday, as losses in the U.S. futures weighed on values. Average Canada Western Red Spring (CWRS) wheat prices were down by $10-$19 per tonne, with bids ranging from $185 per tonne in north-central Saskatchewan to $209 per tonne in Manitoba, according […] Read more
Russia’s ag ministry proposes to cancel wheat export tax
Reading Time: 2 minutes Moscow | Reuters — Russia’s agriculture ministry has proposed to the government to cancel a tax on wheat exports from July 1 when the 2015-16 marketing year starts, a source at the ministry told Reuters. Russia imposed the duty on wheat exports between Feb. 1 and June 30 in an effort to cool domestic food […] Read more
Prairie wheat bids drop with U.S. futures
Reading Time: 2 minutes CNS Canada –– Cash bids for Canadian wheat were down during the week ended Friday, as losses in U.S. futures weighed on values. Average Canada Western Red Spring (CWRS) wheat prices were down by C$8-10 per tonne, with bids ranging from $200 per tonne in north-central Saskatchewan to $219 per tonne in Manitoba, according to […] Read more
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