(Dave Bedard photo)

Fund traders back on the long side in canola

Net long also extended in CBOT corn, soy

MarketsFarm — Speculators in ICE canola moved back to a net long position in the futures to start the New Year, according to the latest Commitment of Traders (CoT) report from the U.S. Commodity Futures Trading Commission (CFTC). The net managed money long position in ICE Futures canola came in at 6,805 contracts on Jan. […] Read more

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Prairie cash wheat: Bids lower as futures take a hit

CWRS values mixed; CPSR and durum down

MarketsFarm — Coming out of the holiday season, most western Canadian wheat bids were slightly lower for the week ended Thursday, as wheat futures in the U.S. continued to be bearish. U.S. wheat exports continue to fall behind last year’s pace, as cheaper Russian wheat floods the market due to a potential record crop and […] Read more


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Prairie cash wheat: Bids mostly higher

U.S. wheat futures up on week

MarketsFarm — Spring wheat bids in Western Canada saw some mixed activity during the week ended Thursday (Dec. 22), with small losses reported for red spring wheat in Manitoba, while prices were up in Alberta and Saskatchewan. Average Canada Western Red Spring (CWRS, 13.5 per cent protein) wheat prices were down by 30-40 cents in […] Read more

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Prairie cash wheat: Prices a mixed bag across West

U.S. wheat futures down on week

MarketsFarm — Wheat prices on the Canadian Prairies for the week ended Thursday were mixed as CWRS wheat was either side of unchanged and CPSR was down slightly. Meanwhile, durum made modest gains. Declines in the U.S. wheat complex put pressure on western Canadian cash prices, but those declines were countered by a weaker Canadian […] Read more


CBOT March 2023 corn with 20-, 50- and 100-day moving averages. (Barchart)

U.S. grains: Corn, wheat futures ease

Chicago soybean futures firm

Chicago | Reuters — U.S. corn and wheat futures fell on Wednesday after hitting 11-day highs a day earlier as traders waited for more bullish news before pushing grain prices above those recent peaks. Soybeans were firm, shedding overnight weakness, with investors hoping that export demand for U.S. supplies of the oilseed will remain strong […] Read more

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Prairie cash wheat: U.S. futures drag on bids

Futures drop to multi-month lows

MarketsFarm — Wheat futures on the Chicago Board of Trade (CBOT) hit multi-month lows, which put pressure on Western Canadian wheat bids, during the week ended Thursday. Despite tighter wheat supplies in the U.S. and worldwide compared to last year, as well as the ongoing Russian invasion of Ukraine, wheat futures reached depths which weren’t […] Read more


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Prairie cash wheat: Bids drop with U.S. futures

Canadian dollar also down on week

MarketsFarm — Spring wheat bids in Western Canada moved lower during the week ended Thursday, as U.S. wheat futures posted losses — although softness in the Canadian dollar did provide some underlying support. Average Canada Western Red Spring (CWRS, 13.5 per cent protein) wheat prices were down by $3.50-$6.40 per tonne across the Prairies, according […] Read more

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Prairie cash wheat: Bids steady following Ukraine volatility

U.S. wheat futures up on week

MarketsFarm — A roller-coaster type of week for grain markets, fuelled by the ongoing conflict between Ukraine and Russia, ended with slightly higher bids for western Canadian wheat for the week ended Thursday. As optimism grew over the renewal of Russia’s agreement to allow Ukrainian grain shipments on the Black Sea, wheat futures on the […] Read more


(Dave Bedard photo)

Fund short position in canola dips to four-month low

Net long increases in CBOT soybeans

MarketsFarm — Speculators were busy covering short positions and putting on some fresh longs in the canola market during the week ended Nov. 1. That lowered the net short position in the ICE Futures canola market to its smallest level since the beginning of July, according to the latest Commitment of Traders (CoT) report compiled […] Read more

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Prairie cash wheat: Bids dip with U.S. futures

Loonie down 0.4 U.S. cent on the week

MarketsFarm — Spring wheat bids in Western Canada moved lower during the week ended Thursday, as losses in U.S. futures and a firmer tone in the Canadian dollar weighed on values. Average Canada Western Red Spring (CWRS, 13.5 per cent protein) wheat prices were down $2-$4.50 per tonne during the week, according to price quotes […] Read more