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Crops, Markets, Spring Wheat, Winter Wheat

Prairie cash wheat: Bids track rally in U.S. futures

Loonie up by a third of a cent on the week

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MarketsFarm — Spring wheat bids in Western Canada climbed higher during the week ended Thursday, as a rally in U.S. futures more than countered any bearish influence from a rising Canadian dollar. Average Canada Western Red Spring (CWRS, 13.5 per cent protein) wheat prices were up by $11.50-$13 per tonne, according to price quotes from […] Read more
CBOT March 2021 corn with Bollinger (20,2) bands. (Barchart)
Crops, Markets, Reuters

U.S. grains: CBOT corn touches 7-1/2-year high

Chicago wheat, soybeans down on profit-taking

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Chicago | Reuters — U.S. corn futures rose 1.4 per cent on Wednesday, hitting a 7-1/2-year high with the market focused on prospects for tight global supplies after the U.S. Department of Agriculture cut production estimates for the U.S., Brazil and Argentina. “The number on corn was a game changer yesterday,” said Dan Smith, senior […] Read more
CBOT March 2021 wheat with 20-, 50- and 100-day moving averages. (Barchart)
Crops, Markets, Reuters

U.S. grains: Wheat posts weekly dip as supply worries ease

Corn, soy futures also lower

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Chicago | Reuters — U.S. wheat futures fell more than one per cent on Friday and recorded a weekly loss as expectations for bumper wheat harvests in Australia and Canada tempered fears of tightening global supplies. Corn and soybean futures declined on forecasts for beneficial rains in northern and central Brazil, although worries about dry […] Read more
(File photo by Dave Bedard)
Crops, Spring Wheat

CWB class-action suit a step closer to litigation

Manitoba Court of Appeal overrules lower court, allows case to seek certification

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A proposed class-action lawsuit against the federal government and G3, alleging millions of dollars of farmers’ money was improperly used to privatize the Canadian Wheat Board (CWB) in 2012, is a step closer to certification and litigation, says Stewart Wells, chair of the Friends of the Canadian Wheat Board, which is backing the suit. The […] Read more
CBOT March 2021 wheat (candlesticks) with MGEX (green line) and K.C. (orange line) March 2021 wheat. (Barchart)
Crops, Markets, Reuters

U.S. grains: Wheat futures hit two-month low

Soybean, corn futures also decline

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Chicago | Reuters — Chicago wheat futures hit a two-month low on Tuesday, pressured by improving U.S. winter wheat crop ratings, strong export competition and rising estimates of Australia’s harvest, analysts said. Corn and soybean futures also sagged, retreating from early strength as traders focused on forecasts for welcome rains in South American crop regions. […] Read more
A wheat crop in progress on May 24, 2016 north of London, Ont. (Ralph Pearce photo)
Crops, Markets, Spring Wheat, Winter Wheat

Grain Farmers of Ontario to wind down wheat pool

Programs to end after 2020 marketing year

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The remnants of Ontario farmers’ former single wheat marketing desk are set to disappear at the end of the 2020 crop marketing year. Grain Farmers of Ontario, which inherited the pooling system from one of its heritage organizations, the Ontario Wheat Producers’ Marketing Board, announced Tuesday it will wind down its wheat pool and its […] Read more

Canadian Cattlemen Presents: Depth of Field

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