Reading Time: 2 minutes CNS Canada — Cash spring wheat bids across Western Canada edged lower in most locations during the week ended Friday, as losses in the U.S. futures weighed on values. However, basis levels saw some slight improvement in many locations, as Canadian wheat has continued to see more stable export demand compared to U.S.-origin supplies. Average […] Read more
Prairie wheat bids drift down with U.S. futures
U.S. wheat futures could be scraping bottom
Reading Time: < 1 minute CNS Canada — A general downtrend in U.S. wheat futures remains in place, with all three markets hitting fresh contract lows over the past week. However, there may not be much more room to the downside, according to an analyst. “The (U.S. Department of Agriculture) reports on Tuesday (Feb. 9) were not beneficial for the […] Read more
Prairie spring wheat bids slide lower
Reading Time: 2 minutes CNS Canada –– Cash spring wheat bids across Western Canada moved lower during the week ended Friday, as the firmer Canadian dollar and losses in U.S. wheat futures weighed on values. Average Canada Western Red Spring (CWRS) wheat prices were down by $4-$6 per tonne over the week, according to price quotes from a cross-section […] Read more
Firm loonie cuts into Prairie spring wheat bids
Reading Time: 2 minutes CNS Canada — Cash spring wheat bids across Western Canada moved lower during the week ended Friday, as continued strength in the Canadian dollar more than countered any support from advances in U.S. futures. Average Canada Western Red Spring (CWRS) wheat prices were down by $3 to $5 per tonne over the week, according to […] Read more
Prairie spring wheat bids dip as loonie rises
Reading Time: 2 minutes CNS Canada — Cash spring wheat bids across Western Canada moved lower during the week ended Friday, as volatile activity in the Canadian dollar caused basis levels to soften. Average Canada Western Red Spring (CWRS) wheat prices were down by $3-$6 per tonne over the week, according to price quotes from a cross-section of delivery […] Read more
Falling loonie boosts Prairie spring wheat bids
Reading Time: 2 minutes CNS Canada — Cash spring wheat bids across Western Canada moved higher during the week ended Friday, as declines in the Canadian dollar helped basis levels improve. Average Canada Western Red Spring (CWRS) wheat prices were steady to as much as C$5 per tonne higher over the week, according to price quotes from a cross-section […] Read more
Prairie spring wheat bids move higher
Reading Time: 2 minutes CNS Canada –– Cash spring wheat bids across Western Canada moved higher during the week ended Friday, as U.S. futures also rose during that timeframe. Average Canada Western Red Spring (CWRS) wheat prices were up by C$9-$10 per tonne during the period, according to price quotes from a cross-section of delivery points across the Prairie […] Read more
Prairie spring wheat bids down with U.S. futures
Reading Time: 2 minutes CNS Canada — Cash spring wheat bids across Western Canada moved lower during the two-week holiday period ending Thursday (Dec. 31), as the U.S. futures also drifted lower during that time frame. Average Canada Western Red Spring (CWRS) wheat prices were down by C$7-$8 per tonne during the two-week period, according to price quotes from […] Read more
Russian ministry proposes reducing wheat export tax
Reading Time: < 1 minute Moscow | Reuters — Russia’s agriculture ministry has proposed that the government reduce or cancel its wheat export tax due to rouble volatility and a decline in global wheat benchmarks, the Interfax news agency reported, citing first deputy minister Evgenii Gromyko. The rouble has lost about six per cent against the U.S. dollar since the […] Read more
Prairie spring wheat bids down as basis erodes
Reading Time: 2 minutes CNS Canada –– Cash spring wheat bids across Western Canada moved lower during the week ended Friday, as basis levels deteriorated. Average Canada Western Red Spring (CWRS) wheat prices were down by C$1-$5 per tonne during the week, according to price quotes from a cross-section of delivery points across the Prairie provinces. Average prices ranged […] Read more
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