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Crops, Markets, Spring Wheat, Winter Wheat

Prairie cash wheat: Spring wheat bids higher, activity choppy

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MarketsFarm — Spring wheat bids across Western Canada moved higher during the week ended Thursday as gains in U.S. futures and a weaker tone in the Canadian dollar provided support. Russia’s invasion of Ukraine contributed to gains in wheat futures, but the volatile situation led to large price swings in the markets with values backing […] Read more
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Crops, Markets, Spring Wheat, Winter Wheat

Prairie cash wheat: Red spring up, durum pulls back

U.S. wheat futures up on week

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MarketsFarm — Wheat prices on the Prairies during the week ended Thursday saw increases for Canada Western Red Spring (CWRS) and Canada Prairie Spring Red (CPSR) and declines for durum (CWAD). The Russia-Ukraine border crisis spurred a good part of the increases in U.S. wheat markets. The ongoing threat of war could harm wheat production […] Read more
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Crops, Markets, Spring Wheat, Winter Wheat

Prairie cash wheat: Bids rally on tightening supplies, drought

U.S. March wheat futures gain on week

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MarketsFarm — New supply data from both sides of the Canada/U.S. border, as well as ongoing drought in wheat growing regions, have supported western Canadian wheat bids for the week ended Thursday. The U.S. Department of Agriculture released its monthly supply/demand estimates on Wednesday and cut its projected global wheat supply estimate for the 2021-22 […] Read more
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Crops, Markets, Spring Wheat, Winter Wheat

Prairie cash wheat: Bids mixed amid conflicting influences

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MarketsFarm — Wheat bids across Western Canada were mixed during the week ended Thursday, as losses in U.S. futures were countered by the supportive influence of a weaker Canadian dollar. Average Canada Western Red Spring (CWRS, 13.5 per cent protein) wheat prices were down by $7.60-$11.60 per tonne, according to price quotes from a cross-section […] Read more
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Crops, Markets, Spring Wheat, Winter Wheat

Prairie cash wheat: Stronger crop prospects, loonie lower bids

MGEX, K.C. wheat down on week

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MarketsFarm — The U.S. Department of Agriculture’s projected increases for domestic and worldwide wheat ending stocks, along with a strengthening Canadian dollar, brought pressure onto western Canadian wheat bids for the week ended Thursday. In its monthly world agricultural supply and demand estimates (WASDE) report on Wednesday, USDA showed a projected 1.78 million-tonne rise in […] Read more
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Cereals, Markets, Spring Wheat

Prairie cash wheat: Bids down despite cold weather, Russian tensions

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MarketsFarm – Despite a wide array of factors which would have provided support to prices, Prairie wheat was in the red for the week ended Dec. 30. With areas already experiencing dry conditions, a large cold snap hit both the Prairie provinces in Canada and the Southern Plains in the United States. For the latter, […] Read more
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Crops, Markets, Spring Wheat

Prairie cash wheat: Prices booked remarkable upswing in 2021

U.S. wheat futures well up on year

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MarketsFarm — There were huge gains in wheat prices in Western Canada this past year. Canada Western Red Spring (CWRS) and Canada Prairie Spring Red (CPSR) wheats shot up by $200 per tonne or more, while those for Canada Western Amber Durum (CWAD) spiked well in excess of $400 per tonne. Significant increases in U.S. […] Read more
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Finishers, Livestock, Markets

Klassen: Feeder market making seasonal lows

Surge of Canadian cattle exports expected

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Compared to last week, western Canadian feeder markets were down $2-$4 on average. Prices for feeder cattle in the eastern Prairie regions were relatively unchanged from seven days earlier; however, values in Alberta and western Saskatchewan were down $4 to as much as $8 in some cases. This variation made the market hard to define. […] Read more

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