The ongoing conflicts in the Middle East and Ukraine kept some caution in international grain markets.

CWRS

Average Canada Western Red Spring (13.5 per cent) wheat prices were down by C$0.30 to C$2.50 per tonne, according to price quotes from a cross-section of delivery points compiled by PDQ (Price and Data Quotes). Average prices ranged from C$271.20/tonne in southeastern Saskatchewan to as high as C$297.10/tonne in southern Alberta.

Quoted basis levels varied from location to location and ranged from $36.40 to $62.20/tonne above the futures when using the grain company methodology of quoting the basis as the difference between the U.S. dollar denominated futures and the Canadian dollar cash bids.

When accounting for currency exchange rates by adjusting everything into Canadian dollars (C$1=US$0.7269) CWRS basis levels ranged from C$13.80 to C$27.40 below the futures.

CPSR

Canada Prairie Spring Red (CPSR) wheat bids were mixed, down C$1.40 to up C$0.30 per tonne, with prices ranging from C$249.80 to C$274.80 per tonne.

Durum

Average durum prices were softer, down $3.80 to C$7.10 per tonne. Durum prices ranged from C$277.50 to C$290.50 per tonne.

Futures

MIAX spring wheat futures lost three cents per bushel in the May contract to settle at US$6.3800/bu. on April 14.

Hard red winter wheat futures were up by 15.25 cents in the May contract on the week at US$6.2275/bu.

The May Chicago soft wheat contract lost six cents at US$5.9200/bu.

The Canadian dollar was up by roughly three-quarters of a cent relative to its U.S. counterpart at 72.69 U.S. cents on April 14.

The post Prairie CWRS wheat bids dip with U.S. futures, rising loonie appeared first on Country Guide.

• For daily market updates, visit the Western Producer Markets Desk

The loonie also gave up more than 9/10ths of a cent, making wheat and durum more appealing to export customers.

Canadian Western Red Spring

Average CWRS (13.5 per cent) prices advanced C$14.60 to C$25.70 per tonne, according to price quotes from a cross-section of delivery points compiled by PDQ (Price and Data Quotes). Prices ranged from about C$278.10 per tonne in southeastern Saskatchewan to C$304.70 per tonne in southern Alberta.

Quoted basis levels varied from location to location and ranged from C$36.20 to C$62.70 per tonne above the futures when using the grain company methodology of quoting the basis as the difference between the U.S. dollar-denominated futures and the Canadian dollar cash bids.

CWRS basis levels

When accounting for currency exchange rates by adjusting Canadian prices to U.S. dollars (C$1=US$0.7174), CWRS bids ranged from US$199.50 to US$218.60 per tonne. That would put the currency-adjusted basis levels at about US$23.40 to US$42.40 below the futures.

Looking at it the other way around, if the Minneapolis futures are converted to Canadian dollars, CWRS basis levels across Western Canada ranged from C$16.80 to C$30.50 below the futures.

Canadian Prairie Spring Red

Average CPRS (11.5 per cent) wheat prices increased C$15.90 to C$17.30 per tonne. Bids ranged from C$252.60 per tonne in northeastern Saskatchewan to C$281.20 per tonne in southern Alberta.

Canadian Western Amber Durum

Average CWAD prices were up more moderately, adding 40 cents to C$1.50 per tonne. Bids ranged from C$282.20 per tonne in northwestern Saskatchewan to C$296.90 per tonne in western Manitoba.

U.S. wheat complex

The May spring wheat contract in Minneapolis, which most CWRS contracts Canada are based off of, was quoted at US$6.5850 per bushel on March 31, advancing 27.25 cents on the week.

The Kansas City hard red winter wheat futures, which are now traded in Chicago, are more closely linked to CPRS in Canada. The May Kansas City wheat contract was quoted at US$6.3550 per bushel on March 31, jumping 31.50 cents.

The May Chicago Board of Trade soft wheat contract settled at US$6.1625 per bushel March 31, gaining 26.25 cents.

The post Prairie Wheat Weekly: Good increases for wheat, while durum nudges up appeared first on Country Guide.

CWRS

Average Canada Western Red Spring (13.5 per cent) wheat prices were up by C$1.40 to down by C$2.70 per tonne, according to price quotes from a cross-section of delivery points compiled by PDQ (Price and Data Quotes). Average prices ranged from C$260.10/tonne in southeastern Saskatchewan to as high as C$288.10/tonne in southern Alberta.

Quoted basis levels varied from location to location and ranged from $31.60 to $59.60/tonne above the futures when using the grain company methodology of quoting the basis as the difference between the U.S. dollar denominated futures and the Canadian dollar cash bids.

When accounting for currency exchange rates by adjusting everything into Canadian dollars (C$1=US$0.7300) CWRS basis levels ranged from C$13.30 to C$28.20 below the futures.

CPSR

Canada Prairie Spring Red (CPSR) wheat bids were also mixed, down C$1.30 to up C$1.80 per tonne, with prices ranging from C$238.20 to C$262.30 per tonne.

Durum

Average durum prices were softer, down $1.30 to C$3.20 per tonne. Durum prices ranged from C$277.10 to C$293.20 per tonne.

Futures

MIAX spring wheat futures lost 10.75 cents per bushel in the May contract to settle at US$6.2425/bu. on March 17.

Hard red winter wheat futures were down by two cents in the May contract on the week at US$6.0675/bu.

The May Chicago soft wheat contract lost 1.25 cents at US$5.8975/bu.

The Canadian dollar was down by nearly three-quarters of a cent relative to its U.S. counterpart at 73.00 U.S. cents on March 17.

The post Prairie CWRS wheat bids mixed appeared first on Country Guide.

The loonie climbed more than six-tenths of a cent, making wheat and durum more expensive for export customers.

For daily markets coverage, visit the Western Producer markets desk

Those declines were tempered by gains in the United States wheat complex.

Canadian Western Red Spring

Average CWRS (13.5%) prices gave up 30 cents to C$2.90 per tonne, according to price quotes from a cross-section of delivery points compiled by PDQ (Price and Data Quotes). Prices ranged from about C$260.20 per tonne in southeastern Saskatchewan to C$287.60 per tonne in southern Alberta.

Quoted basis levels varied from location to location and ranged from C$31.60 to C$58.90 per tonne above the futures when using the grain company methodology of quoting the basis as the difference between the U.S. dollar-denominated futures and the Canadian dollar cash bids.

CWRS basis levels

When accounting for currency exchange rates by adjusting Canadian prices to U.S. dollars (C$1=US$0.7371), CWRS bids ranged from US$191.80 to US$212.00 per tonne. That would put the currency-adjusted basis levels at about US$16.70 to US$36.80 below the futures.

Looking at it the other way around, if the Minneapolis futures are converted to Canadian dollars, CWRS basis levels across Western Canada ranged from C$12.30 to C$27.10 below the futures.

Canadian Prairie Spring Red

Average CPRS (11.5%) wheat prices stepped back 30 cents to C$4.50 per tonne. Bids ranged from C$236.40 per tonne in southeastern Saskatchewan to C$262.90 per tonne in southern Alberta.

Canadian Western Amber Durum

Average CWAD prices were down 30 cents to C$4.70 per tonne. Bids ranged from C$278.50 per tonne in northwestern Saskatchewan to C$294.50 per tonne in western Manitoba.

U.S. wheat futures

The May spring wheat contract in Minneapolis, which most CWRS contracts Canada are based off of, was quoted at US$6.3500 per bushel on March 10, advancing 21.75 cents on the week.

The Kansas City hard red winter wheat futures, which are now traded in Chicago, are more closely linked to CPRS in Canada. The May Kansas City wheat contract was quoted at US$6.0875 per bushel on March 10, jumping 30.50 cents.

The May Chicago Board of Trade soft wheat contract settled at US$5.9100 per bushel March 10, gaining 17 cents.

The post Prairie Wheat Weekly: Rising loonie pushes down cash prices appeared first on Country Guide.

There are suggestions that more spring wheat will be planted this spring compared to that seeded in 2025/26. Statistics Canada is set to release its initial 2026-27 seeding estimates on March 5. About 20.6 million wheat acres (except durum) are expected to be planted, compared to 20.5 million last year. Forecasts for durum, of 5.8 million to 6.4 million acres, were lower than last spring’s 6.532 million.

The Canadian Grain Commission reported wheat exports for the week ended Feb. 22 at 408,300 tonnes, greater than the 220,300 tonnes shipped the previous week. So far this marketing year, 12.645 million tonnes of wheat have been exported, compared to 11.531 million tonnes shipped at the same point one year ago.

Canadian Western Red Spring (CWRS) wheat was up C$2.00 to C$5.40 per tonne, according to price quotes from a cross-section of delivery points compiled by PDQ (Price and Data Quotes). Average prices were between C$260.70/tonne in southeast Saskatchewan to C$289.60 in southern Alberta.

Quoted basis levels ranged from between C$39.70 to C$68.60/tonne above the futures when using the grain company methodology of quoting the basis as the difference between the U.S. dollar denominated futures and the Canadian dollar cash bids.

Accounting for exchange rates and adjusting Canadian prices to U.S. dollars (C$1=US$0.7308), CWRS bids were from US$190.50 to US$211.60/tonne. Currency adjusted basis levels ranged from US$9.30 to US$30.40 below the futures. If the futures were converted to Canadian dollars, basis levels would be C$6.80 to C$22.20 below the futures.

Meanwhile, Canadian Prairie Red Spring (CPRS) prices gained C$4.00 to C$10.50 per tonne. The lowest average bid for CPRS was C$240.50 in southeast Saskatchewan, while the highest average bid was C$265.40 in southern Alberta.

The average prices for Canadian Western Amber Durum (CWAD) were up C$2.70 to C$3.40 per tonne with bids between C$282.80 in southwest Saskatchewan to C$294.80 in western Manitoba.

The May spring wheat contract in Minneapolis, which most CWRS contracts are based off of, was quoted at US$6.1325 per bushel on March 3, up 17.75 cents.

The Kansas City hard red winter wheat futures, which are now traded in Chicago, are more closely linked to CPRS in Canada. The May contract rose 11.25 cents at US$5.7825/bu.

The May Chicago soft red contract was up 0.75 of a cent at US$5.74/bu.

The Canadian dollar tacked on 0.13 of a cent to close at 73.08 U.S. cents on March 3.

The post Prairie Wheat Weekly: Western Canadian bids move upward appeared first on Country Guide.

A firmer tone United States wheat complex offered support, as did the Canadian dollar which lost six-tenths of a cent on the week.

CWRS

Average CWRS (13.5 per cent) prices were 30 cents lower to C$1.70 per tonne higher, according to price quotes from a cross-section of delivery points compiled by PDQ (Price and Data Quotes). Prices ranged from about C$249.00 per tonne in southeastern Saskatchewan to C$279.90 per tonne in southern Alberta.

Quoted basis levels varied from location to location and ranged from C$40.30 to C$71.10 per tonne above the futures when using the grain company methodology of quoting the basis as the difference between the U.S. dollar-denominated futures and the Canadian dollar cash bids.

Related: Canadian wheat exports strong as new record remains possible

When accounting for currency exchange rates by adjusting Canadian prices to U.S. dollars (C$1=US$0.7323), CWRS bids ranged from US$182.40 to US$205.00 per tonne. That would put the currency-adjusted basis levels at about US$3.80 to US$26.40 below the futures.

Looking at it the other way around, if the Minneapolis futures are converted to Canadian dollars, CWRS basis levels across Western Canada ranged from C$2.80 to C$19.40 below the futures.

CPSR, CWAD

Average CPRS (11.5 per cent) wheat prices were up C$3.20 to C$4.70 per tonne. Bids ranged from C$227.60 per tonne in southeastern Saskatchewan to C$253.50 per tonne in southern Alberta.

Average CWAD prices gave up 40 to 80 cents per tonne. Bids ranged from C$277.70 per tonne in southwestern Saskatchewan to C$289.20 per tonne in southern Alberta.

U.S. wheat complex

The March spring wheat contract in Minneapolis, which most CWRS contracts Canada are based off of, was quoted at US$5.6825 per bushel on Feb. 17, holding steady on the week.

The Kansas City hard red winter wheat futures, which are now traded in Chicago, are more closely linked to CPRS in Canada. The March Kansas City wheat contract was quoted at US$5.3875 per bushel on Feb. 17, advancing 8.25 cents.

The March Chicago Board of Trade soft wheat contract settled at US$5.3775 per bushel Feb. 17, increasing 9.50 cents.

The post Prairie Wheat Weekly: Cash prices mostly higher appeared first on Country Guide.

The Canadian Grain Commission reported 230,300 tonnes of wheat exports for the week ended Feb. 1, down from 353,300 tonnes the previous week. So far this marketing year, 11.5 million tonnes of wheat were exported, compared to 10.5 million at the same time last year.

The U.S. Department of Agriculture released its monthly supply/demand estimates on Feb. 10, with 2025-26 wheat ending stocks raised by five million tonnes at 931 million, exceeding trade expectations. Global carryout was tightened by 740,000 tonnes at 277.51 million, below the trade’s pre-report estimates.

Canadian Western Red Spring (CWRS) wheat was down C$0.10 to up C$2.40 per tonne, according to price quotes from a cross-section of delivery points compiled by PDQ (Price and Data Quotes). Average prices were between C$249.10/tonne in southeast Saskatchewan to C$279.60 in southern Alberta.

Quoted basis levels ranged from between C$40.20 to C$70.80/tonne above the futures when using the grain company methodology of quoting the basis as the difference between the U.S. dollar denominated futures and the Canadian dollar cash bids.

Accounting for exchange rates and adjusting Canadian prices to U.S. dollars (C$1=US$0.7383), CWRS bids were from US$183.90 to US$206.50/tonne. Currency adjusted basis levels ranged from US$2.40 to US$25 below the futures. If the futures were converted to Canadian dollars, basis levels would be C$1.80 to C$18.40 below the futures.

Meanwhile, Canadian Prairie Red Spring (CPRS) prices lost C$1.80 to C$2.60 per tonne. The lowest average bid for CPRS was C$224.30 in southeast Saskatchewan, while the highest average bid was C$248.80 in southern Alberta.

The average prices for Canadian Western Amber Durum (CWAD) were up C$2.80 to C$3 per tonne with bids between C$278.50 in southwest Saskatchewan to C$289.60 in southern Alberta.

The March spring wheat contract in Minneapolis, which most CWRS contracts are based off of, was quoted at US$5.6825 per bushel on Feb. 10, down 0.75 of a cent.

The Kansas City hard red winter wheat futures, which are now traded in Chicago, are more closely linked to CPRS in Canada. The March contract declined 4.25 cents at US$5.3050/bu.

The March Chicago soft red contract was down 0.5 of a cent at US$5.825/bu.

The Canadian dollar moved up 0.58 of a cent to close at 73.83 U.S. cents on Feb. 10.

The post Prairie Wheat Weekly: Spring wheat declines, durum higher appeared first on Country Guide.

Wheat

• Total Canadian wheat stocks as of Dec. 31 of 27.5 million tonnes were up by 5.9 per cent from the same point the previous year, and well above the five-year average of 23.6 million tonnes.

• On-farm stocks at 24.1 million tonnes were up 7.2 per cent on the year, while commercial stocks were down 2.7 per cent at 3.4 million tonnes.

• Of the total, durum stocks were up by 18.5 per cent on the year at 5.3 million tonnes.

Canola

• Canola stocks as of Dec. 31, 2025, were up 18.8 per cent on the year at 15.6 million tonnes. On-farm stocks were up 21.2 per cent at 14.3 million tonnes, while commercial stocks dipped by 7.4 per cent at 1.3 million tonnes.

• StatCan linked the larger canola supplies to increased production and a sharp drop 36.1 per cent drop in exports due to Chinese tariffs.

Barley

• Barley stocks were up 16.7 per cent on the year at 5.7 million tonnes. That compares with the five-year average of 4.8 million tonnes.

Pulses

• Lentil stocks of just under three million tonnes were roughly double what was on hand at the same point the previous year.

• Pea stocks were 77.5 per cent higher on the year, at 3.0 million tonnes.

Corn/soybeans

• Corn stocks were down 3.3 per cent from the same point a year ago, at 10.9 million tonnes.

• Soybeans stocks were 26.6 per cent lower on the year at 3.2 million tonnes.

The post Large Prairie crops lead to increased December stocks appeared first on Country Guide.

CWRS

Average CWRS (13.5 per cent) wheat prices were down C$0.70 to up C$2.10 per tonne, according to price quotes from a cross-section of delivery points compiled by PDQ (Price and Data Quotes). Average prices ranged from C$248.00/tonne in southeastern Saskatchewan to as high as C$277.60/tonne in southern Alberta.

Quoted basis levels varied from location to location and ranged from $39.10 to $68.70/tonne above the futures when using the grain company methodology of quoting the basis as the difference between the U.S. dollar denominated futures and the Canadian dollar cash bids.

When accounting for currency exchange rates by adjusting everything into Canadian dollars (C$1=US$0.7325) CWRS basis levels ranged from C$4.10 to C$19.90 below the futures.

CPSR

Canada Prairie Spring Red (CPSR) wheat bids were higher, gaining C$0.90 to C$2.20 per tonne, with prices ranging from C$226.20 to C$251.40 per tonne.

Durum

Average durum prices were up C$1.70 to up C$4.40 per tonne, ranging from C$275.50 to C$286.80 per tonne.

Futures

MIAX spring wheat futures lost 2.75 cents per bushel in the March contract to settle at US$5.69/bu. on Feb. 3.

Hard red winter wheat futures were up by two cents in the March contract on the week at US$5.3475/bu.

The March Chicago soft wheat contract was up 5.50 cents at US$5.2875/bu.

The Canadian dollar hit its strongest level in 15 months relative to its U.S. counterpart but backed away from those highs to end down by nearly a fifth of a cent on the week at 73.25 U.S. cents on Feb. 3.

The post Prairie CWRS wheat bids mixed to start February appeared first on Country Guide.

Concerns about a severe winter storm across much of the U.S. that started on Jan. 24 spurred the increases in the wheat futures. As did below normal temperatures in Europe. However, it’s believed the U.S. winter wheat has sufficient snow cover and Europe is to turn warmer.

A stronger Canadian dollar put a lid on the upswing in the Prairie cash prices, as the loonie rose by 1.11 cents at 73.42 U.S. cents.

CWRS

Average CWRS (13.5%) prices gained 30 cents to C$3.50 per tonne, according to price quotes from a cross-section of delivery points compiled by PDQ (Price and Data Quotes). Those prices ranged from about C$247.00 per tonne in southeastern Saskatchewan to C$278.00 per tonne in southern Alberta.

Quoted basis levels varied from location to location and ranged from C$37.00 to C$67.80 per tonne above the futures when using the grain company methodology of quoting the basis as the difference between the U.S. dollar-denominated futures and the Canadian dollar cash bids.

When accounting for currency exchange rates by adjusting Canadian prices to U.S. dollars (C$1=US$0.7342), CWRS bids ranged from US$181.30 to US$204.00 per tonne. That would put the currency-adjusted basis levels at about US$6.10 to US$28.80 below the futures.

Looking at it the other way around, if the Minneapolis futures are converted to Canadian dollars, CWRS basis levels across Western Canada ranged from C$4.50 to C$21.10 below the futures.

CPSR & CWAD

Average CPRS (11.5%) wheat prices were down C$11.10 to up C$3.30 per tonne. Bids ranged from C$225.00 per tonne in northwestern Saskatchewan to C$249.10 per tonne in southern Alberta.

Average CWAD prices dipped 10 cents to adding C$3.70 per tonne. Bids ranged from C$273.80 per tonne in southwestern Saskatchewan to C$287.3 per tonne in western Manitoba.

U.S. wheat complex

The March spring wheat contract in Minneapolis, which most CWRS contracts Canada are based off of, was quoted at US$5.7175 per bushel on Jan.27, climbing 9.75 cents.

The Kansas City hard red winter wheat futures, which are now traded in Chicago, are more closely linked to CPRS in Canada. The March Kansas City wheat contract was quoted at US$5.3275 per bushel on Jan. 27, also up 9.75 cents.

The December Chicago Board of Trade soft wheat contract settled at US$5.2325 per bushel Jan. 27, increasing 13 cents.

The post Prairie Wheat Weekly: Prices climb in most locales appeared first on Country Guide.