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Tag Archives K.C. wheat

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Crops, Markets, Spring Wheat

Prairie cash wheat: Prices swing higher on U.S. gains

Canadian dollar down on week

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MarketsFarm — Wheat prices on the Canadian Prairies were higher for the week ended Thursday. As Canada Western Red Spring (CWRS) and Canada Prairie Spring Red (CPSR) wheats had modest upticks, Canada Western Amber Durum (CWAD) incurred double-digit increases. Gains in the U.S. wheat complex provided support, with a weaker Canadian dollar also underpinning values. […] Read more
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Crops, Markets, Spring Wheat

Prairie cash wheat: Weaker loonie underpins bids

U.S. wheat futures down on week

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MarketsFarm — Spring wheat bids in Western Canada strengthened during the week ended Thursday, as sharp declines in the Canadian dollar boosted basis levels and more than made up for the bearish influence of softening U.S. futures. Average Canada Western Red Spring (CWRS, 13.5 per cent protein) wheat prices were up by $4.10-$5.40 per tonne […] 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

Prairie cash wheat: Bids fall sharply lower

U.S. wheat futures, Canadian dollar down on week

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MarketsFarm — Spring wheat bids in Western Canada dropped sharply lower during the week ended Thursday, as losses in U.S. futures weighed on values. Increased grain movement out of Ukraine, as more vessels were finally shipping corn and wheat out of Black Sea ports, contributed to the selling pressure in the futures that spilled into […] Read more
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Crops, Markets, Spring Wheat

Prairie cash wheat: Bids show some strength

U.S. wheat futures, loonie up on week

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MarketsFarm — Spring wheat bids in Western Canada moved higher during the week ended Thursday, taking back most of the losses from the previous week as gains in U.S. futures provided support. Average Canada Western Red Spring (CWRS, 13.5 per cent protein) wheat prices were up by $12-$15.50 per tonne during the week ended Thursday, […] 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

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