Photo: Thinkstock

Prairie wheat weekly outlook: Prices down, especially for durum

Weaker Canadian dollar lends support, K.C., Chicago and Minneapolis wheat put pressure on prices

Reading Time: 2 minutes Wheat prices across the Canadian Prairies pulled back during the week ended Feb. 8. While there were moderate declines in Canadian Western Red Spring Wheat and Canada Prairie Red Spring Wheat, there were sharper losses for Canadian Western Amber Durum.

(GrainsConnect.com)

USDA raises U.S. carryout, tightens Brazilian production

World wheat carryout estimate downgraded, but well above previous year

Reading Time: 2 minutes Projected ending stocks of soybeans, corn and wheat in the United States were raised slightly higher in the latest supply/demand estimates from the United States Department of Agriculture, while production estimates for Brazil were revised lower.


Grain bins in a Saskatchewan field. (MysticEnergy/iStock/Getty Images)

Less Canadian wheat, more canola on hand to end 2023: StatCan

Some had anticipated even larger on-farm canola stocks, given slower export pace

Reading Time: 2 minutes Canadian wheat stocks at the end of 2023 were considerably tighter compared to the previous year, with oats, corn and pulse crops also seeing supply reductions, according to the latest stocks report from Statistics Canada, released Feb. 8, 2024. However, canola, barley and soybean stocks as of Dec. 31, 2023, were higher compared to the previous year.

Louis Dreyfus’ oilseed processing plant at Yorkton, Sask. (LDC.com)

Louis Dreyfus plans pea protein plant in Sask

Company also plans to double oilseed crushing capacity at Yorkton site

Reading Time: < 1 minute Louis Dreyfus Company will build a pea protein production facility in Saskatchewan as it invests in plant-based protein as part of a push to diversify its agricultural commodity activities.






 Photo: Greg Berg

Funds still sitting on large net short position in canola

Soybeans' net short position increased by about 5,000 contracts

Reading Time: < 1 minute The large net short position in canola futures held relatively steady during the week ended Jan. 30, with speculative traders making only minor adjustments, according to the latest Commitments of Traders report from the United States Commodity Futures Trading Commission (CFTC).



Photo: Getty Images

U.S. grains: Soy, corn futures under pressure as jobs data lifts US dollar

Reading Time: 2 minutes Chicago | Reuters – Chicago Board of Trade soybean futures fell about one per cent on Friday and corn also declined as the dollar .DXY soared after a much stronger-than-expected monthly U.S. jobs report reduced expectations of near-term Federal Reserve interest rate cuts. “When that jobs report came out, the U.S. dollar shot up, and that seemed […] Read more