Reading Time: 3 minutes CNS Canada — While just about everyone agrees the plunging price of oil will have a bearish effect on commodity prices, the size and impact of that fall seems to vary. As recently as Nov. 4, crude oil prices were $48.64 a barrel, but since then have fallen to US$37.86, as of Wednesday’s opening. Some […] Read more
Views mixed on impact of crude’s slip for ag markets
Prairie spring wheat bids rise with U.S. futures
Reading Time: 2 minutes CNS Canada –– Cash spring wheat bids across Western Canada moved higher during the week ended Monday, as gains in U.S. futures and continued weakness in the Canadian dollar both provided support. Average Canada Western Red Spring (CWRS) wheat prices were up by C$3-$6 per tonne during the week, according to price quotes from a […] Read more
Lethbridge feed wheat stays steady, barley moves downward
Reading Time: 2 minutes CNS Canada –– Feed barley prices have come down while wheat holds steady in Lethbridge, Alta., the centre of Western Canada’s livestock feeding sector. The price of feed barley at Lethbridge fell about $10 a tonne throughout November to sit at about $210-$212 per tonne — for three main reasons, according to Jim Beusekom of […] Read more
Prairie wheat bids mixed
Reading Time: 2 minutes CNS Canada — Cash wheat bids across Western Canada saw some minor adjustments over the week ended Friday, with the general trend seeing strengthening bids in the eastern Prairies and a softer tone in parts of Alberta. Average Canada Western Red Spring (CWRS) wheat prices saw only minor revisions on the week, rising by as […] Read more
Prairie wheat bids up as basis improves
Reading Time: 2 minutes CNS Canada — Cash wheat bids across Western Canada moved higher during the week ended Friday, as basis levels showed some improvement at most locations. Average Canada Western Red Spring (CWRS) wheat prices were up by C$7-$8 per tonne on average across the three Prairie provinces, according to price quotes from a cross-section of delivery […] Read more
U.S. wheat futures expected to retest nearby lows
Reading Time: 2 minutes CNS Canada –– U.S. wheat futures may have corrected off of nearby lows, but the nearby path of least resistance remains pointed lower, according to a market analyst. “In the big picture, we have plenty of supplies and demand has been lacklustre,” said Randy Martinson of Progressive Ag at Fargo, N.D. With export demand eroding, […] Read more
Prairies see high-protein wheat crop, but few premiums
Reading Time: < 1 minute CNS Canada –– Every year is a different story for wheat crop quality and protein levels — but the saturation of high-protein wheat in the market may mean fewer premiums for Prairie growers this year. The premium price for high-protein wheat has eroded to the point where there’s a shift from grain companies in the […] Read more
Prairie wheat bids edge down as loonie rises
Reading Time: 2 minutes CNS Canada –– Cash wheat bids across Western Canada posted small losses over the week ended Friday, as the strengthening Canadian dollar cut into basis levels. Average Canada Western Red Spring (CWRS) wheat prices were generally down by C$1 to $4 per tonne across the three Prairie provinces, according to price quotes from a cross-section […] Read more
Prairie wheat bids dip slightly
Reading Time: 3 minutes CNS Canada — Cash wheat bids across Western Canada generally dropped lower during the week ended Friday. Average Canada Western Red Spring (CWRS) wheat prices were up by C$1-$3 per tonne across the three Prairie provinces, according to price quotes from a cross-section of delivery points. Bids ranged from about $221 per tonne in southern […] Read more
Wheat basis levels improve, futures stay bearish
Reading Time: 2 minutes CNS Canada –– Canada’s spring wheat basis has hit fresh highs to spur producer selling, but overall the market remains bearish. “It does seem kind of counterintuitive to see cash prices strengthening right during harvest,” said Brenda Tjaden Lepp, co-founder of FarmLink Marketing Solutions in Winnipeg. Over the past week, quoted basis levels for Canada […] Read more
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