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: Red springs rising, durum retreats
U.S. wheat futures up on week
Prairie cash wheat: Falling Minneapolis futures weigh on Prairie bids
Reading Time: 2 minutes MarketsFarm — A sharp drop in Minneapolis spring wheat futures weighed on cash wheat bids across the Prairies during the week ended Thursday, but declines in the Canadian dollar provided some support and helped temper losses somewhat. Average Canada Western Red Spring (CWRS, 13.5 per cent protein) wheat prices were down by $7.60-$11.60 per tonne, […] Read more
U.S. grains: Wheat, corn, soy ease on profit-taking
Canada's latest export disruptions supportive
Reading Time: 2 minutes Chicago | Reuters — U.S. wheat futures closed lower on Thursday, with K.C. hard red winter wheat and MGEX spring wheat falling from multiyear peaks on a round of profit-taking. Declines were kept in check by concerns about tight supplies and strong demand, factors that pushed Paris wheat to a 14-year high. Profit taking also […] 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
U.S. grains: Wheat futures rally as global stocks tighten
CBOT corn, soybeans also strong
Reading Time: 2 minutes Chicago | Reuters –– U.S. wheat futures rallied on Wednesday, with the front-month K.C. hard red winter wheat contract jumping to its highest in 7-1/2 years, on concerns about tightening global supplies and strong export demand. Corn futures also rose, with the most-active contract surging 2.6 per cent in its biggest daily percentage gain in […] Read more
Prairie cash wheat: CWRS bids up with U.S. futures
However, a strong loonie applies pressure
Reading Time: 2 minutes MarketsFarm — Minneapolis spring wheat futures climbed to contract highs during the week ended Thursday, which provided spillover support for Canadian cash bids. However, strength in the Canadian dollar was a bearish influence, tempering the upside in the cash market. Average Canada Western Red Spring (CWRS, 13.5 per cent protein) wheat prices were up by […] Read more
Prairie cash wheat: Bids rise with U.S. futures
Reading Time: 2 minutes MarketsFarm — Cash wheat bids across Western Canada moved higher during the week ended Thursday in sympathy with U.S. futures markets. The strength came despite a firmer tone in the Canadian dollar. Average Canada Western Red Spring (CWRS, 13.5 per cent protein) wheat prices were up by $11.40-$14.90 per tonne, according to price quotes from […] Read more
Prairie cash wheat: Bids mixed as harvest comes to close
U.S. December wheat futures up on week
Reading Time: 2 minutes MarketsFarm — The spring wheat harvest coming to a close in the Prairie provinces and cuts in production estimates south of the border have caused mixed bids in Western Canada for the week ended Thursday. All three Prairie provinces have either completed or have nearly completed spring wheat combining, bringing harvest pressure to prices. Meanwhile, […] Read more
Prairie cash wheat: Gains in prices vary by type
MGEX, CBOT December wheats up on week
Reading Time: 2 minutes MarketsFarm — Bids in Western Canada for the week ended Thursday were higher for Canada Western Amber Durum (CWAD), Canada Western Red Spring (CWRS) and Canada Prairie Spring Red (CPSR) wheats. Gains in most of the U.S. wheat markets led to the increases, which were tempered somewhat by a stronger Canadian dollar. Average CWRS (13.5 […] Read more
Prairie cash wheat: Prices rise as worldwide stocks fall
U.S. December wheat futures up on week
Reading Time: 2 minutes MarketsFarm — Continued tightening of worldwide wheat stocks has raised spring wheat prices in Western Canada during the week ended Thursday. As winter wheat planting in North America and Europe begins, dry conditions remain a threat not only in North America, but also in Argentina and Russia. The U.S. Department of Agriculture (USDA) also predicts […] Read more
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