Most Western Canadian wheat bids weakened a little during the week ended May 30 as spring wheat continued to be planted and winter wheat began its harvest.
Bids for Canadian Western Red Spring (CWRS) and Canadian Prairie Red Spring (CPRS) wheat varieties were higher for the week ended May 16. The price rises were mainly due to stronger United States wheat futures and weather concerns at home and abroad.
Spring wheat bids in Western Canada climbed higher during the week ended April 25, as a rally in United States futures provided support. Chart-based speculative buying was behind much of the strength in the futures, as fund traders bought back some of their large net short position. Declining crop ratings for U.S. winter wheat, the […] Read more
There were small to modest gains in wheat prices on the Canadian Prairies for the week ended Apr. 18. Canadian Western Red Spring Wheat, Canada Prairie Red Spring Wheat, and Canadian Western Amber Durum made advances despite losses in the United States wheat complex.
Western Canadian spring wheat bids were steady to higher during the week ended April 11, while durum prices fell below the C$400 per tonne mark entirely.
Wheat prices on the Canadian Prairies were mixed during the week ended Mar. 31. Canadian Western Red Spring Wheat and Canadian Western Amber Durum were lower, while there were increases Canada Prairie Red Spring Wheat.
Western Canadian bids for Canadian Prairie Red Spring (CPRS) and durum wheat were higher, but there were declines in Canadian Western Red Spring prices during the period of March 21 to 27.
Spring wheat bids in Western Canada moved higher during the week ended March 21, as wheat futures in the United States continued to recover off their nearby lows.
Canadian canola ending stocks will likely be tighter by the close of the upcoming 2024/25 marketing year, while the wheat carryout should rise, according to updated supply/demand estimates from Agriculture and Agri-Food Canada (AAFC), released March 19.
Canadian farmers intend to seed less canola in 2024 compared to the previous year, while overall wheat area should hold relatively steady, according to the latest Statistics Canada survey results released March 11.