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Winter Wheat

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Crops, Markets, Spring Wheat, Winter Wheat

Prairie cash wheat: External factors raise bids

U.S. wheat futures gain on the week

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MarketsFarm — Despite the usual harvest pressures, western Canadian wheat bids jumped during the week ended Thursday, largely due to geopolitical and macroeconomic factors. The U.S. Federal Reserve on Wednesday again raised its key interest rate to combat rising inflation — this time a 75 basis point increase, to 3.25 per cent. The rate hike […] Read more
MGEX December 2022 spring wheat (candlesticks) with K.C. December 2022 hard red wheat (yellow line) and CBOT December 2022 soft red wheat (orange line). (Barchart)
Crops, Spring Wheat, Winter Wheat

Prairie cash wheat: Bids move higher

U.S. wheat futures gain on week

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MarketsFarm — Spring wheat bids in Western Canada strengthened during the week ended Thursday, as gains in U.S. futures and weakness in the Canadian dollar provided support. The advances came despite seasonal harvest pressure and an upward revision to Statistics Canada’s production estimate for the country’s spring wheat crop. Average Canada Western Red Spring (CWRS, […] Read more
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Crops, Markets, Spring Wheat, Winter Wheat

Prairie cash wheat: Putin comments raise wheat bids

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MarketsFarm — Comments from Russian President Vladimir Putin brought more uncertainty to Ukrainian wheat shipments, which in turn helped raise western Canadian wheat bids for the week ended Thursday. On Wednesday at an economic forum in the eastern Russian city of Vladivostok, Putin said the Ukrainians were “cheating,” adding that grain shipments from the country […] Read more
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Crops, Markets, Spring Wheat, Winter Wheat

Prairie cash wheat: Bids mixed headed into long weekend

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MarketsFarm — Despite projections that Canada will have a large wheat harvest this year, Western Canadian wheat bids were mixed for the week ended Thursday, largely due to a weakening Canadian dollar. Statistics Canada (StatCan) on Monday released its satellite imagery-based July principal field crop production estimates, which projected a total wheat harvest of 34.6 […] Read more
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Crops, Markets, Spring Wheat, Winter Wheat

Prairie cash wheat: Bids trend lower with U.S. futures

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MarketsFarm — Spring wheat bids in Western Canada moved lower during the week ended Friday, as losses in U.S. futures more than countered the supportive influence of the weakening Canadian dollar. Seasonal harvest pressure contributed to the declines, as the U.S. winter wheat harvest progressed northward. Average Canada Western Red Spring (CWRS, 13.5 per cent […] Read more
The USDA building in Washington, D.C. (Art Wager/iStock/Getty Images)
Crops, Spring Wheat, Winter Wheat

Larger spring wheat crop expected in U.S.

USDA expects reduced total worldwide wheat crop

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MarketsFarm — Early indications point to a much larger spring wheat crop in the United States in 2022 compared to the drought-stricken 2021 crop despite the late seeding, according to the latest production estimates from the U.S. Department of Agriculture. In USDA’s first official production estimates of the growing season breaking out the different wheat […] Read more
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Crops, Markets, Spring Wheat, Winter Wheat

Prairie cash wheat: Bids firm as loonie falls

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MarketsFarm — Spring wheat bids in Western Canada moved higher during the week ended Thursday, as heavy losses in the Canadian dollar more than countered the bearish influence of weakening U.S. futures. Average Canada Western Red Spring (CWRS, 13.5 per cent protein) wheat prices were up by $4.50-$7.40 per tonne during the week ended Thursday, […] Read more
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Crops, Markets, Spring Wheat, Winter Wheat

Prairie cash wheat: Spring wheat up, durum pulls back

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MarketsFarm — Wheat prices on the Canadian Prairies were mixed during the week ended Thursday. Canada Western Red Spring (CWRS) and Canada Prairie Spring Red (CPSR) wheats incurred moderate gains, as Canada Western Amber Durum (CWAD) fell back. Good upticks in the U.S. wheat complex fueled price increases in Western Canada, along with a weaker […] Read more
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Crops, Markets, Spring Wheat, Winter Wheat

Prairie cash wheat: Talk of Black Sea corridor weighs on week’s bids

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MarketsFarm — The prospect of Russia allowing food shipments to leave Ukraine — albeit with a few concessions — was the key factor in declining bids for western Canadian wheat during the week ended Thursday. Russian Deputy Foreign Minister Andrei Rudenko on Wednesday said his country is ready to provide a humanitarian corridor in the […] Read more

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