MarketsFarm — Despite bullish factors affecting wheat futures on the Chicago Board of Trade (CBOT), western Canadian wheat bids did not see much change during the week ended Thursday. Futures prices for all three major U.S. varieties increased week-by-week, mostly fuelled by large gains on Feb. 10, as traders shifted focus to Russia’s invasion of […] Read more
Prairie cash wheat: Little change in wheat bids
U.S. wheat futures up on week
Search for the holy grail of N fertilizer continues
You can now buy nitrogen-fixing bacteria for your crops but when it comes to wheat, the jury is out
Reading Time: 5 minutes A real-world test of nitrogen-fixing bacteria conducted in Alberta was a bust when it came to boosting yields, but no one is throwing in the towel yet. “It’s too early to tell. You can’t base anything off one year worth of trial data,” said Erek Bishop, a participant in one of four trials of Utrisha […] Read more
Canada’s wheat farmers get a warm welcome abroad
‘Keep growing wheat’ message repeatedly delivered
Reading Time: 5 minutes “Glad to see you again — even more glad that you’ve got a full crop to sell this year.” That was the theme of nearly every conversation that farmers and grain sector representatives on the New Crop Missions heard as they travelled for the first time since the pandemic began. “I think the supply chain […] Read more
Prairie cash wheat: Spring wheat bids edge higher
U.S. wheat futures supportive; durum bids down
MarketsFarm — Spring wheat bids in Western Canada were mostly higher during the week ended Thursday, underpinned by gains in U.S. wheat futures. However, durum bids lost some ground. Average Canada Western Red Spring (CWRS, 13.5 per cent protein) wheat prices were up by between 10 cents and $5.80 per tonne across the Prairies, according […] Read more
Prairie cash wheat: Bids mixed as U.S. futures rise
Rising Canadian dollar adds pressure
MarketsFarm — Canada Western Red Spring and Canada Western Amber Durum wheat prices declined while bids for Canada Prairie Spring Red rose during the week ended Jan. 26. Wheat futures in the U.S. fell Monday, with the March contracts on the Chicago Board of Trade (CBOT) dropping 21 to 29 U.S. cents due to spillover […] Read more
Prairie cash wheat: Prices step back
U.S. wheat futures down on week
MarketsFarm — Wheat prices declined on the Canadian Prairies during the week ended Thursday, as a stronger Canadian dollar and losses in the U.S. wheat complex weighed on values. Pressure came from expanded all-wheat acres to be planted in the United States, 48.84 million expected in 2023 versus the 45.7 million planted in 2022. The […] Read more
Will there be any new varieties in your line-up this year?
Reading Time: 6 minutes New varieties often promise higher yields, more robust resistance, better standability and other benefits. But there can also be trade-offs. “Sometimes a new variety comes out and maybe the yield is better, but did you lose anything with that variety, whether it’s protein or maturity?” asked Greg Stamp of Stamp Seeds in Enchant. “And then […] Read more
Prairie cash wheat: Bids dip as loonie soars
Chicago, K.C. wheats down on week
MarketsFarm — Spring wheat bids in Western Canada moved lower during the week ended Thursday as a sharp gain in the Canadian dollar relative to its U.S. counterpart cut into basis levels. The currency was up by roughly a penny on the week, settling Thursday at its highest level in seven weeks at 74.75 U.S. […] Read more
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
Prairie cash wheat: Bids lower despite supportive factors
March CBOT, K.C. wheats up on week
MarketsFarm — Despite concerns related to cold weather in the U.S., war in Ukraine and rising numbers of COVID-19 infections in China, most western Canadian wheat bids were lower for the week ended Thursday. Profit-taking in wheat futures was evident on the Chicago Board of Trade (CBOT), as March contracts for both Kansas City hard […] Read more
Cyber-Savvy Farmer
