Reading Time: 2 minutes Spring wheat bids in Western Canada were mixed during the week ended Feb. 23 as choppy activity in the United States futures spilled into the cash market.
Prairie wheat bids mixed as choppy futures trend lower
Wheat futures tested fresh contract lows
CBOT weekly outlook: Corn acres could drop further says strategist
Lower prices blamed on funds, 'too much farmer ownership'
Reading Time: < 1 minute Corn acres in the United States may end up even lower than early expectations if the market remains under pressure, according to an analyst.
Prairie wheat weekly outlook: Weaker U.S. futures drag Western Canadian wheat bids
Cheaper Russian wheat exports also dragged global wheat prices down
Reading Time: 2 minutes United States wheat futures hit new contract lows and pressured Western Canadian wheat bids during the week ended Feb. 15.
CBOT weekly outlook: Bearish picture for commodities
Prices may not go much lower given the commodities have hit contract lows, says analyst
Reading Time: 2 minutes Ahead of the United States Department of Agriculture Outlook Forum, analyst Bryan Strommen of Progressive Ag in Fargo, N.D. painted a rather bearish picture for the commodity markets. However, he noted that prices might not go much lower given the commodities have hit contract lows.
Argentina wheat harvest ends up 24 per cent year over year
Low prices dent economic impact
Reading Time: < 1 minute Argentine farmers have closed the 2023/24 wheat campaign with a harvest of 15.1 metric tons, slightly lower than initially hoped for but up nearly a quarter versus the drought-hit previous season, the Buenos Aires grains exchange said on Tuesday.
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.
Western Canadian wheat bids trend down with U.S. futures
Canadian dollar weakened relative to U.S. counterpart
Reading Time: 2 minutes Spring wheat bids in Western Canada continued to trend lower during the week ended Jan. 18, as a move to contract lows in the United States futures weighed on values and countered support from a weaker Canadian dollar.
CBOT weekly outlook: USDA estimates, weather pulling prices down
Shipping costs due to re-routing away from embattled Red Sea also affecting markets
Reading Time: 2 minutes Corn and soybean contracts hit new lows, while wheat saw its weakest prices in nearly two months on the Chicago Board of Trade (CBOT) during the week ended Jan. 17.
Prairie wheat weekly outlook: Narrow price movements for wheat, durum
The Canadian dollar lost three tenths over the week
Reading Time: 2 minutes Wheat prices across the Canadian Prairies were narrowly mixed for Canadian Western Red Spring Wheat and Canada Prairie Red Spring Wheat, while those for Canadian Western Amber Durum eased back by small amounts.
US corn stocks swell as world recovers from tighter supplies
Global corn ending stocks are projected to hit a six-year high in 2023/34
Reading Time: 2 minutes U.S. corn inventories last month swelled to their largest level since 2018, the U.S. Department of Agriculture said on Friday, as global supplies recover from multi-year lows.
A message from April Stewart, Country Guide's Associate Editor
