CNS Canada — Wheat cash bids across Western Canada only saw some minor adjustments during the week ended Friday, with some classes seeing small gains and other wheat classes down slightly. Average Canada Western Red Spring wheat prices were steady to as much as $3 per tonne lower during the week, with bids ranging from […] Read more
Prairie wheat bids mixed; CWRS down, CPSR up
Prairie CWRS wheat bids drop with U.S. futures
CNS Canada — Cash bids for Canada Western Red Spring (CWRS) wheat across the Prairies moved lower during the week ended Friday, taking most of their direction from a downturn in U.S. futures. Average CWRS prices lost about $9-$10 per tonne, with prices ranging from about $201 per tonne in north-central Saskatchewan to $220 per […] Read more
‘Extreme’ volatility expected in wheat markets this spring
Winnipeg | CNS Canada — Canadian and U.S. wheat markets are likely going to experience some “extreme” volatility this spring, Lawrence Yakielashek of FarmLink Marketing Solutions told the Wild Oats Grainworld Conference. “The spring months are when the firecrackers are going to start to hit the match,” he added. He predicted there would be a […] Read more
CWRS wheat bids rise with U.S. futures
CNS Canada — Cash bids for Canada Western Red Spring (CWRS) wheat across the Prairies generally moved higher during the week ended Friday. Average CWRS prices gained about $7-$9 per tonne, with prices ranging from about $210 per tonne in north-central Saskatchewan to $228 in Manitoba, according to bids from a cross-section of delivery points […] Read more
Arctic blast hits U.S. Midwest, some wheat at risk of winterkill
Chicago | Reuters –– An arctic blast hitting the heart of the U.S. Midwest soft red winter wheat belt this week will put 10 to 15 per cent of the dormant crop at risk of winterkill damage, agricultural meteorologists said Tuesday. While most of the northern Midwest wheat crop is protected by snow from frigid […] Read more
Nearby lows likely in for wheat futures
CNS Canada — All three U.S. wheat futures markets have seen a sizeable corrective bounce after hitting their lowest levels in months to start the week — and could be due for some more strength heading into the spring, a U.S. analyst says. “I’d like to think that the lows are in for the short […] Read more
Winter wheat uptake low despite big efforts to convince producers
The Western Winter Wheat Initiative wants to boost seeding to two million acres — but 2014 plantings were just a third of that
Reading Time: 3 minutes The goal is ambitious — convince Prairie farmers to plant two million acres of winter wheat by 2019 — but the backers of the Western Winter Wheat Initiative admit they have a steep hill to climb. Even though winter wheat yields were 32 per cent better than those for spring wheat in 2012 and offered […] Read more
Prairie CWRS bids weaken slightly
CNS Canada — Average cash bids for Canada Western Red Spring (CWRS) wheat generally moved lower during the week ended Friday. Average CWRS prices lost about C$1-$4 per tonne, with prices ranging from about $197 per tonne in north-central Saskatchewan to $216 per tonne in Manitoba, according to bids from a cross-section of delivery points […] Read more
Wheat basis muddied in Western Canada
CNS Canada — The difference between futures markets and cash markets for any exchange-traded commodities can usually be brought into focus by the basis — that is, except in Prairie wheat, where that focus has now gone fuzzy. Typically, a wide or narrow basis provides some indication of how representative the futures market is of […] Read more
Prairie CWRS bids improve slightly despite weaker futures
CNS Canada — Average cash bids for Canada Western Red Spring (CWRS) wheat generally moved higher during the week ended Friday, despite continued weakness in U.S. futures, as basis levels improved in many areas. Average CWRS prices were steady to up by as much as $4 per tonne, with the highest average bids in Manitoba, […] Read more
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