Reading Time: 4 minutes Commodity News Service Canada — Average cash bids for Canadian Western Red Spring (CWRS) wheat were stronger during the week, underpinned by improving basis levels in Western Canada and stronger Minneapolis wheat futures prices. CWRS prices were about $3.00 higher in central Alberta, up to $6.75 stronger in the Peace region compared to a week […] Read more
CWRS bids up as basis strengthens
Few changes expected in Canadian crop area
Reading Time: < 1 minute Commodity News Service Canada — It doesn’t appear there will be any dramatic changes to acreage for most crops next year, says a market analyst for CWB. Bruce Burnett gave some broad estimates for plantings in 2015 at the opening session of the Cereals North America conference in Winnipeg. “My thought is we’re going to […] Read more
Prairie CWRS bids mostly higher despite losses in U.S. futures
Reading Time: 3 minutes CNS Canada — Average cash bids for Canada Western Red Spring (CWRS) wheat were mostly higher during the week, despite weakness in Minneapolis spring wheat futures as basis levels improved in most regions. Prices in the Peace region of Alberta declined, however, as basis levels widened out. CWRS prices were between $1.50 lower in the […] Read more
U.S. wheat futures rising, but watching corn and beans
Reading Time: < 1 minute CNS Canada — U.S. wheat futures have shown some strength over the past month, but advancing harvest pressure from soybeans and corn may come forward to limit any additional independent strength in wheat over the next few weeks. After setting contract lows on Oct. 1, all three U.S. wheat markets have trended higher through the […] Read more
Prairie CWRS bids up as basis moves to a premium
Reading Time: 2 minutes CNS Canada — Average cash bids for Canada Western Red Spring (CWRS) wheat were higher during the week, as basis levels moved higher, now offering farmers a premium over futures in many areas. CWRS prices were up between about $7 and C$13 compared to a week ago. The best pricing opportunities were still available in […] Read more
Red spring wheat bids ease as basis widens
Reading Time: 2 minutes CNS Canada — Average cash bids for Canada Prairie Spring Red (CPSR) wheat eased during the week, despite a firmer tone in U.S. futures, as basis levels widened in many areas of Western Canada. Canada Western Red Spring (CWRS) bids increased, however, amid improving basis levels. Average CPSR bids were down by 15 cents to […] Read more
Testing the quality of the 2014 wheat harvest
Here’s how Cigi figures out if your wheat will make good bread
Reading Time: 3 minutes Helping customers make wise buying decisions is an important part of customer service. This is especially true when buyers are purchasing significant quantities of a commodity produced thousands of kilometres away — like wheat grown in Western Canada for example. For over 10 years, Cigi (Canadian International Grains Institute) has completed an annual harvest assessment, […] Read more
Prairie cash wheat prices up as U.S. futures move higher
Reading Time: 2 minutes CNS Canada — Average cash bids for wheat were firmer across Western Canada during the week ended Friday, lifted by strengthening U.S. futures and improving basis levels for some classes of wheat. CWRS (Canada Western Red Spring) prices were up between C$10 and $16 compared to a week ago, with the best pricing opportunities still […] Read more
Russia surprises peers with early wheat export market exit
Reading Time: 3 minutes London/Moscow | Reuters — Russian wheat has made a surprise early exit from key global export markets, despite the country’s near-record crop, after domestic prices rose in the fallout from the Ukraine crisis. With a bumper crop and the rouble close to historic lows, Russia could reasonably be expected to actively supply wheat to key […] Read more
Prairie CWRS bids up with improving basis
Reading Time: 2 minutes CNS Canada — Average cash bids for Canada Western Red Spring (CWRS) wheat were firmer across Western Canada during the week ended Friday, lifted by improving basis levels in many areas as quality problems and slow harvest progress remain a concern for the Canadian spring wheat crop. The highest CWRS prices were still available in […] Read more
A message from April Stewart, Country Guide's Associate Editor
