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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.

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Prairie wheat weekly outlook: U.S. futures raise Western Canadian bids

Total wheat production expected to increase to 33.3 million tonnes; total wheat carryout to 4.2 million

Reading Time: 2 minutes The relatively low prices created some interest in the export market. The U.S. Department of Agriculture (USDA) reported net wheat export sales of 451,400 tonnes in its weekly report on Jan. 25, down 36 per cent from the previous week but up 45 per cent from the four-week average. Recent severe cold weather in the northwestern U.S. Plains may have also caused some crop damage.