Hard red spring wheat bids in Western retreated from their recent highs during the week ended Oct. 17 as a downturn in the United States futures weighed on prices.
The recent $7.3 million in federal money to Cereals Canada is slated for international market improvements and research into the impact of environmental conditions on cereals
Hard red spring wheat bids in Western Canada moved to their highest levels in three months during the week ended Oct. 10, as a firm tone in the United States futures and sharp weakness in the Canadian dollar provided support.
Combining in Saskatchewan is virtually complete with the provincial report putting the harvest at 97 per cent finished overall. That's a gain of six points during the week ended Oct. 7, as parts of the province contended with rain delays.
The net fund short position in canola grew in mid-September, as speculative selling took the futures to contract lows, according to the latest Commitments of Traders report from the United States Commodity Futures Trading Commission (CFTC).
Hard red spring wheat bids in Western Canada moved lower during the week ended Sept. 19, as losses in the United States futures and seasonal harvest pressure weighed on values.
The harvest in Saskatchewan advanced 13 points for the week ended Sept. 16, at 74 per cent complete, despite rain in some parts of the province. The pace of combining was eight points behind this time last year, but 11 ahead of the five-year average.
Hot and dry weather saw crop conditions decline across much of Western Canada over the past month, with the latest model-based production estimates from Statistics Canada showing downward revisions in both canola and wheat production from the August report.
Cash prices for Canada Prairie Red Spring Wheat and Canadian Western Amber Durum were up for the week ended Sept. 12, while those for Canadian Western Red Spring Wheat were mostly higher.