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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.



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Prairie cash wheat: Reds higher, durum dips

U.S. wheat futures up on the week

Reading Time: 2 minutes MarketsFarm — Wheat prices on the Canadian Prairies saw modest increases in the red spring varieties during the week ended Thursday, while durum stepped back. Significant gains in the U.S. wheat complex spilled over into Canadian cash prices, but stronger Canadian dollar tempered further increases. Ongoing concerns about dry conditions in the U.S., especially the […] Read more