Reading Time: 2 minutes CNS Canada — Average cash bids for Canada Western Red Spring (CWRS) wheat deteriorated slightly during the week ended Friday, with losses in U.S. futures weighing on values. However, most other classes of wheat saw a slight improvement, as basis levels narrowed in. Average CWRS prices were generally down by about C$1 to $2 per […] Read more
Prairie CWRS bids ease with U.S. futures, CPSR up
Prairie wheat bids fall as U.S. futures continue to tumble
Reading Time: 2 minutes CNS Canada –– Average cash bids for Canada Western Red Spring (CWRS) wheat moved lower during the week ended Friday, as U.S. wheat futures continued to tumble. CWRS prices were ranged from $3.75 to $6 per tonne lower in Alberta and Saskatchewan. The best pricing opportunities were still available in Manitoba, where prices were down […] Read more
Declining wheat futures watch corn for further direction
Reading Time: 2 minutes CNS Canada — U.S. wheat futures have posted large losses over the past three weeks, but will be watching corn to provide some further direction in the near future, according to a wheat broker. The U.S. Department of Agriculture releases a number of closely watched reports on Monday (Jan. 12), including winter wheat seedings, quarterly […] Read more
Wheat midge populations to collapse in parts of Alta.
Reading Time: 2 minutes CNS Canada — Recent large wheat midge populations in the eastern Peace region of Alberta are expected to collapse in 2015, according to a forecast report from the Alberta Insect Pest Monitoring Network. But there is still a risk of higher populations in the region due to the very large levels of the insect population […] Read more
Prairie CWRS bids ease with U.S. futures
Reading Time: 2 minutes CNS Canada — Average cash bids for Canada Western Red Spring (CWRS) wheat deteriorated slightly during the week ended Friday, as losses in the US futures weighed on values. CWRS prices were $2-$5 per tonne lower across the three Prairie provinces, with average values ranging from about $205 per tonne in north-central Saskatchewan to $219 […] Read more
Arctic air surge puts U.S. SRW wheat at risk of winterkill
Reading Time: 2 minutes Chicago | Reuters — An arctic blast hitting the U.S. Midwest this week will put a third of the dormant soft red winter (SRW) wheat crop at risk of damage, agricultural meteorologists said Monday. “It looks like extensive sub-zero temperatures on Wednesday night in the soft wheat belt will leave one-third of the belt at […] Read more
Prairie CWRS bids ease along with U.S. futures
Reading Time: 2 minutes CNS Canada — Average cash bids for Canada Western Red Spring (CWRS) wheat were softer during the week, following declines seen in U.S. wheat futures. CWRS prices ranged from $4 to $7 per tonne lower in Alberta and Saskatchewan. The best pricing opportunities were still available in Manitoba, where prices were down almost $8 at […] Read more
Recent mild spell seen hurting Prairie winter wheat
Reading Time: 2 minutes CNS Canada — Recent milder weather seen in Western Canada was unfavourable for winter wheat crops and has left the crops more vulnerable to winterkill. “The major impact is that it melted some of the snow cover that the winter wheat had, and in a lot of cases now some of those fields are bare,” […] Read more
CWRS wheat bids edge up across Prairies
Reading Time: 2 minutes CNS Canada –– Average cash bids for Canada Western Red Spring (CWRS) wheat edged up by a dollar per tonne on average during the week ended Friday. In Manitoba, the average CWRS price rose to just under $234 per tonne, from $233 the previous week. Gains were similar across the rest of the Prairies, with […] Read more
Russian export uncertainty driving U.S. wheat futures
Reading Time: < 1 minute CNS Canada — Uncertainty over Russian exports has brought some volatility to U.S. wheat markets, with shifting speculation on the country’s intentions a major driver in day-to-day futures trade. “We’ve seen the market see-saw back and forth, with whatever Russia said (influencing) the way the market moved,” said market analyst Bryan Strommen of Progressive Ag […] Read more
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