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Prairie cash wheat: Bids up on Ukraine projections, poor U.S. winter wheat conditions

U.S. May wheats up on week

MarketsFarm — A sharp reduction of wheat acres in war-torn Ukraine and poor crop conditions in the United States all brought support to wheat bids in Western Canada for the week ended Thursday. Russia’s invasion of Ukraine has not only posed major difficulties exporting grain out of the country, but will also prevent wheat acres […] Read more

AAFC’s Drought Monitor map for the period ending March 31, 2022. (Agriculture.canada.ca)

Drought severity easing across much of Prairies, AAFC reports

MarketsFarm — Drought conditions persisted across much of the Prairies during the month of March, although the extent and severity of the dryness was reduced in many areas, according to the latest Drought Monitor report from Agriculture and Agri-Food Canada (AAFC). “While there have been substantial improvements to drought conditions across Western Canada since last […] Read more





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Prairie cash wheat: Peace talks, USDA report pull on wheat futures

MarketsFarm — While peace prospects in Ukraine brought pressure onto wheat futures early on, a U.S. Department of Agriculture report caused the prices for two major western Canadian wheat varieties to close at different levels for the week ended Thursday. On the Chicago Board of Trade (CBOT), wheat futures declined when talks between Russia and […] Read more

CME December 2022 live cattle (candlesticks) with Bollinger bands (20,2). (Barchart)

Klassen: Feeder market showing strength in deferred positions

Compared to last week, western Canadian yearling prices were $3-$5 lower on average while calves traded steady to $4 lower. Outside central Alberta, the steer-heifer spread appeared to widen by $2-$4. Strength in corn futures contributed to the defensive tone. Feedlot operators buying hand-to-mouth have been caught off guard with the recent jump in feed […] Read more



CME April 2023 live cattle (candlesticks, right column) with CME April 2022 feeder cattle (dark red line, left column). (Barchart)

Klassen: Deferred live cattle futures underpin feeder cattle prices

Compared to last week, western Canadian feeder cattle markets traded $2-$4 on either side of unchanged. Major feedlot operations in Alberta continue to carry large numbers of market-ready cattle. The backlog of fed cattle appears to be worse than earlier anticipated. Yearlings were featured at auction barns in the main feeding regions of Alberta. Feedlot […] Read more


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Prairie cash wheat: Bids rise in choppy activity

U.S. wheat futures up on week overall

MarketsFarm — Spring wheat bids across Western Canada moved higher during the week ended Thursday, although the uncertain situation in Ukraine saw some wide price swings in U.S. wheat futures. Average Canada Western Red Spring (CWRS, 13.5 per cent protein) wheat prices were up by $11.30-$16.30 per tonne, according to price quotes from a cross-section […] Read more

File photo of Highway 363 near Moose Jaw, Sask. (Mysticenergy/iStock/Getty Images)

Spring road bans coming into effect across Prairies

MarketsFarm — Warming temperatures and melting snow across Western Canada may cause some disruptions to grain and livestock movement over the next few weeks as seasonal spring road restrictions come into effect across the Prairies. Annual spring road restrictions set axle weight limits for vehicles moving on certain roads, in an effort to reduce the […] Read more