Reading Time: 2 minutes MarketsFarm — Wheat prices on the Canadian Prairies were down hard for the week ended Thursday. Canada Western Red Spring (CWRS), Canada Prairie Spring Red (CPSR) and Canada Western Amber Durum (CWAD) wheats incurred sharp losses as prices tumbled in U.S. markets. Additional pressure came from Statistics Canada’s report on planting intentions for 2022-23. The […] Read more
Prairie cash wheat: Prices take a hard hit
Prairie cash wheat: Bids firm as loonie falls
Reading Time: 2 minutes MarketsFarm — Spring wheat bids in Western Canada moved higher during the week ended Thursday, as heavy losses in the Canadian dollar more than countered the bearish influence of weakening U.S. futures. Average Canada Western Red Spring (CWRS, 13.5 per cent protein) wheat prices were up by $4.50-$7.40 per tonne during the week ended Thursday, […] Read more
Prairie cash wheat: Spring wheat up, durum pulls back
Reading Time: 2 minutes MarketsFarm — Wheat prices on the Canadian Prairies were mixed during the week ended Thursday. Canada Western Red Spring (CWRS) and Canada Prairie Spring Red (CPSR) wheats incurred moderate gains, as Canada Western Amber Durum (CWAD) fell back. Good upticks in the U.S. wheat complex fueled price increases in Western Canada, along with a weaker […] Read more
Prairie cash wheat: Talk of Black Sea corridor weighs on week’s bids
Reading Time: 2 minutes MarketsFarm — The prospect of Russia allowing food shipments to leave Ukraine — albeit with a few concessions — was the key factor in declining bids for western Canadian wheat during the week ended Thursday. Russian Deputy Foreign Minister Andrei Rudenko on Wednesday said his country is ready to provide a humanitarian corridor in the […] Read more
Prairie cash wheat: Bids climb higher
Reading Time: 2 minutes MarketsFarm — A rally in U.S. wheat futures together with a downturn in the Canadian dollar combined to take Prairie wheat bids sharply higher during the second week of May. Average Canada Western Red Spring (CWRS, 13.5 per cent protein) wheat prices were up by $40.80-$45 per tonne during the week ended May 12, according […] Read more
Prairie cash wheat: Weather, loonie raise wheat bids
Reading Time: 2 minutes MarketsFarm — Adverse weather on both ends of the U.S. Plains as well as a weaker Canadian dollar were both supportive factors for western Canadian wheat bids for the week ended Thursday. For the second straight weekend, a Colorado low system hit the northern Plains as well as the eastern Prairie provinces on Sunday and […] Read more
Prairie cash wheat: Red spring falls back, durum rises
U.S. wheat futures down on week
Reading Time: 2 minutes MarketsFarm — Wheat prices on the Prairies during the week ended Thursday incurred moderate losses in Canada Western Red Spring (CWRS) and Canada Prairie Spring Red (CPSR) while durum (CWAD) pushed upward. Declines in the U.S. wheat complex led the way, with a higher Canadian dollar this week adding more pressure on Prairie wheat prices. […] Read more
Prairie cash wheat: Bids up on Ukraine projections, poor U.S. winter wheat conditions
U.S. May wheats up on week
Reading Time: 2 minutes MarketsFarm — A sharp reduction of wheat acres in war-torn Ukraine and poor crop conditions in the United States all brought support to wheat bids in Western Canada for the week ended Thursday. Russia’s invasion of Ukraine has not only posed major difficulties exporting grain out of the country, but will also prevent wheat acres […] Read more
Prairie cash wheat: Peace talks, USDA report pull on wheat futures
Reading Time: 2 minutes MarketsFarm — While peace prospects in Ukraine brought pressure onto wheat futures early on, a U.S. Department of Agriculture report caused the prices for two major western Canadian wheat varieties to close at different levels for the week ended Thursday. On the Chicago Board of Trade (CBOT), wheat futures declined when talks between Russia and […] Read more
Prairie cash wheat: Spring wheat nudges higher, durum dips
Reading Time: 2 minutes MarketsFarm — Wheat prices on the Prairies during the week ended Friday saw moderate gains in Canada Western Red Spring (CWRS) and Canada Prairie Spring Red (CPSR) wheats while Canada Western Amber Durum (CWAD) eased slightly. The war in Ukraine continued to play havoc in the markets. After strong increases at the start of the […] Read more
A message from April Stewart, Country Guide's Associate Editor
