Reading Time: 2 minutes MarketsFarm — Wheat prices on the Prairies during the week ended Thursday saw increases for Canada Western Red Spring (CWRS) and Canada Prairie Spring Red (CPSR) and declines for durum (CWAD). The Russia-Ukraine border crisis spurred a good part of the increases in U.S. wheat markets. The ongoing threat of war could harm wheat production […] Read more
Prairie cash wheat: Red spring up, durum pulls back
U.S. wheat futures up on week
Prairie cash wheat: Bids rally on tightening supplies, drought
U.S. March wheat futures gain on week
Reading Time: 2 minutes MarketsFarm — New supply data from both sides of the Canada/U.S. border, as well as ongoing drought in wheat growing regions, have supported western Canadian wheat bids for the week ended Thursday. The U.S. Department of Agriculture released its monthly supply/demand estimates on Wednesday and cut its projected global wheat supply estimate for the 2021-22 […] Read more
Prairie cash wheat: Bids mixed amid conflicting influences
Reading Time: 2 minutes MarketsFarm — Wheat bids across Western Canada were mixed during the week ended Thursday, as losses in U.S. futures were countered by the supportive influence of a weaker Canadian dollar. Average Canada Western Red Spring (CWRS, 13.5 per cent protein) wheat prices were down by $7.60-$11.60 per tonne, according to price quotes from a cross-section […] Read more
Prairie cash wheat: Stronger crop prospects, loonie lower bids
MGEX, K.C. wheat down on week
Reading Time: 2 minutes MarketsFarm — The U.S. Department of Agriculture’s projected increases for domestic and worldwide wheat ending stocks, along with a strengthening Canadian dollar, brought pressure onto western Canadian wheat bids for the week ended Thursday. In its monthly world agricultural supply and demand estimates (WASDE) report on Wednesday, USDA showed a projected 1.78 million-tonne rise in […] Read more
Prairie cash wheat: Bids down despite cold weather, Russian tensions
Reading Time: 2 minutes MarketsFarm – Despite a wide array of factors which would have provided support to prices, Prairie wheat was in the red for the week ended Dec. 30. With areas already experiencing dry conditions, a large cold snap hit both the Prairie provinces in Canada and the Southern Plains in the United States. For the latter, […] Read more
Prairie cash wheat: Prices booked remarkable upswing in 2021
U.S. wheat futures well up on year
Reading Time: 2 minutes MarketsFarm — There were huge gains in wheat prices in Western Canada this past year. Canada Western Red Spring (CWRS) and Canada Prairie Spring Red (CPSR) wheats shot up by $200 per tonne or more, while those for Canada Western Amber Durum (CWAD) spiked well in excess of $400 per tonne. Significant increases in U.S. […] Read more
Klassen: Higher fed cattle prices pull up feeder market
Reading Time: 2 minutes Compared to last week, replacement cattle over 800 lbs. traded $10-$15 higher; some quality packages were up $20 from week-ago levels. Feeder cattle weighing 600-800 lbs. traded $4-$8 higher; calves under 600 lbs. were up $6-$10 on average, with some packages in Alberta up as much as $15 from last week. Strength in the fed […] Read more
Klassen: Feeder market making seasonal lows
Surge of Canadian cattle exports expected
Reading Time: 2 minutes Compared to last week, western Canadian feeder markets were down $2-$4 on average. Prices for feeder cattle in the eastern Prairie regions were relatively unchanged from seven days earlier; however, values in Alberta and western Saskatchewan were down $4 to as much as $8 in some cases. This variation made the market hard to define. […] Read more
Prairie cash wheat: Red springs rising, durum retreats
U.S. wheat futures up on week
Reading Time: 2 minutes MarketsFarm — Cash bids on the Prairies climbed higher for Canada Western Red Spring Wheat (CWRS) and Canada Prairie Spring Red (CPSR) wheats, but those for Canada Western Amber Durum (CWAD) incurred sharp decreases. Gains in most U.S. wheat markets led to the increases on the Prairies, which were also aided by a weaker Canadian […] Read more
Prairie cash wheat: Bids jump after USDA projects cuts
Reading Time: 2 minutes MarketsFarm — A larger-than-expected cut in the U.S. Department of Agriculture’s (USDA) latest supply and demand forecast, plus rising wheat futures in anticipation of tighter worldwide supply, led to higher bids for western Canadian wheat for the week ended Thursday. USDA on Tuesday trimmed world wheat ending stocks to 275.8 million tonnes, down 1.38 million […] Read more
A message from April Stewart, Country Guide's Associate Editor
