Glacier FarmMedia — Western Canadian spring wheat bids were higher while those for durum were mixed during the week ended Sept. 25.
Manitoba’s spring wheat harvest was 93 per cent complete as of Sept. 21 and Saskatchewan was at 73 per cent combined as of Sept. 22. The Alberta spring wheat harvest was 75 per cent finished as of Sept. 16.
The Canadian Grain Commission reported that cumulative 2025/26 wheat exports were 2.308 million tonnes, compared to 2.256 million at this time last year.
CWRS wheat was up C$3.80 to C$6.40 per tonne, according to price quotes from a cross-section of delivery points compiled by PDQ (Price and Data Quotes). Average prices were between C$239.80/tonne in southeast Saskatchewan to C$266.10 in southern Alberta.
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Quoted basis levels ranged from between C$29.20 to C$55.60/tonne above the futures when using the grain company methodology of quoting the basis as the difference between the U.S. dollar denominated futures and the Canadian dollar cash bids.
Accounting for exchange rates and adjusting Canadian prices to U.S. dollars (C$1=US$0.7180), CWRS bids were from US$172.20 to US$191.10/tonne. Currency adjusted basis levels ranged from US$19.50 to US$38.40 below the futures. If the futures were converted to Canadian dollars, basis levels would be C$14 to C$27.60 below the futures.
Meanwhile, CPRS prices were up C$3.10 to C$4.40 per tonne. The lowest average bid for CPRS was C$214.10 in southeast Saskatchewan, while the highest average bid was C$238.90 in southern Alberta.
The average prices for CWAD were down C$1.80 to up C$2.40 per tonne with bids between C$268.30 in northwest Saskatchewan to C$282 in southern Alberta.
The December spring wheat contract in Minneapolis, which most CWRS contracts are based off of, was quoted at US$5.73 per bushel on Sept. 25, up 1.25 cents.
The Kansas City hard red winter wheat futures, which are now traded in Chicago, are more closely linked to CPRS in Canada. The December contract was up 2.25 cents at US$5.1225/bu.
The December Chicago soft red contract gained 2.75 cents at US$5.27/bu.
The Canadian dollar lost 0.68 of a cent to close at 71.80 U.S. cents on Sept. 25.
