Western Canadian wheat bids were little affected by a stronger Canadian dollar and the recent drop-off in United States wheat futures during the week ended March 7.
Durum wheat
Prairie Wheat Weekly: Bids hold against weak U.S. futures
Low exports, declining Black Sea, European milling wheat prices pressure U.S. wheat
Prairie wheat weekly outlook: Prices for red wheat up, amber durum mixed
U.S. wheat complex also mixed; Canadian prices bolstered by dollar's drop
There were modest price increases for wheat on the Canadian Prairies during the week ended Feb. 29. However, as Canadian Western Red Spring Wheat and Canada Prairie Red Spring Wheat edged up, prices for Canadian Western Amber Durum were mixed.
Prairie wheat bids mixed as choppy futures trend lower
Wheat futures tested fresh contract lows
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 weekly outlook: Weaker U.S. futures drag Western Canadian wheat bids
Cheaper Russian wheat exports also dragged global wheat prices down
United States wheat futures hit new contract lows and pressured Western Canadian wheat bids during the week ended Feb. 15.
Canadian grain exports a mixed bag in December
Top three canola importers bought less, U.S. bought more
While Canada’s canola exports fell back so far this marketing year compared to last year, those for wheat were up, according to the Canadian Grain Commission. Released on Feb. 7, the monthly export report took Canada’s exports for cereals, oilseeds and pulses to the end of December.
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
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.
Prairie spring wheat bids start year on a soft note
The Canadian dollar again weakened relative to the greenback
Spring wheat bids in Western Canada moved lower during the first week of 2024, as losses in the United States futures more than countered the supportive influence of a weaker Canadian dollar.
China accounting for bulk of Canadian canola exports so far
Chinese wheat imports roughly half of last years' at same time
China has done most of the heavy lifting when it comes to Canadian canola exports through the first three months of the 2023/24 marketing year (Aug/Jul), according to the latest international trade data released Dec. 6.
Statistics Canada reported canola exports through October at 1.566 million tonnes, with China accounting for 64 per cent of the total (1.006 million tonnes). Japan and Mexico followed at 273,300 tonnes and 196,900 tonnes respectively.
Canadian wheat, canola harvests expand, rebound from dry conditions
Global wheat ending stocks have fallen four years in a row on tough weather conditions
Canadian farmers will harvest more wheat and canola than was expected several months ago, as crops rallied from dry conditions that threatened yields, a government report showed on Monday.
Canadian spring wheat bids mixed following choppy U.S. futures
The Canadian dollar was up nearly two-thirds of a cent on its U.S. counterpart
Spring wheat bids in Western Canada were mixed during the week ended Nov. 1, as futures in the United States hit contract lows before bouncing higher and strength in the Canadian dollar cut into basis levels.
Canadian Cattlemen Presents: Depth of Field
