MarketsFarm — Although canola has continued to be rangebound, one analyst believes prices are due for a downward shift toward the low end of the spectrum. “Gravity is going to pull it back down to the low end of the range, and $10-$15 [per tonne] wouldn’t be surprising,” said David Derwin, an analyst with PI […] Read more
ICE weekly outlook: Canola values could fall further
Prairie cash wheat: CWRS prices up, durum largely down
MarketsFarm — Wheat bids in Western Canada were mostly steady to higher for the week ended Thursday. There were gains for Canada Western Red Spring (CWRS) and Canada Prairie Spring Red (CPSR) wheat. However, Canada Western Amber Durum (CWAD) wheat was steady to lower. The Canadian dollar gained six-10ths of a cent during the week. […] Read more
Prairie cash wheat: Improved basis underpins bids
MarketsFarm — Wheat bids in Western Canada were mostly higher during the week ended Thursday, as basis levels improved in most locations. Average Canada Western Red Spring (CWRS, 13.5 per cent protein) wheat prices were mixed during the week, with a steady to softer tone in Manitoba while Saskatchewan and Alberta saw gains of $1-$3 […] Read more
Prairie cash wheat: Soft Minneapolis futures weigh on bids
MarketsFarm — Wheat bids in Western Canada were lower during the week ended Thursday, pressured by losses in U.S. futures. Hard red spring prices saw the largest drop, as Minneapolis futures trended lower despite adverse weather conditions across the U.S. Plains that helped underpin Chicago and Kansas City winter wheats. Average Canada Western Red Spring […] Read more
Cash wheat bids: Red spring gains, durum eases
MarketsFarm — Wheat bids in Western Canada were mostly higher for the week ended Thursday. Strong gains were seen in Canada Western Red Spring (CWRS) and Canada Prairie Spring Red (CPRS) wheats, while Canada Western Amber Durum (CWAD) was steady to lower. The Canadian dollar gained almost nine-10ths of a cent during the week, closing […] Read more
Cash wheat bids: CWRS up with U.S. futures, improved basis
MarketsFarm — Wheat bids in Western Canada were mixed during the week ended Thursday, with gains in some classes and losses in others as the domestic market reacted to adverse harvest weather and mixed activity in U.S. futures. Average CWRS (Canada Western Red Spring, 13.5 per cent protein) wheat prices were up by $4-$5 per […] Read more
Prairie cash wheat: CWRS down, durum up
MarketsFarm — Wheat bids in Western Canada were mixed for the week ended Thursday. Canada Western Red Spring (CWRS) and Canada Prairie Spring Red (CPSR) wheats saw losses, while Canada Western Amber Durum (CWAD) saw gains. The Canadian dollar was higher for most of the past week, topping off at 75.55 U.S. cents on Tuesday, […] Read more
Cash wheat: CWRS follows Minneapolis futures higher
MarketsFarm — Cash wheat bids in Western Canada were mostly higher for the week ended Thursday. Gains were seen in Canada Western Red Spring (CWRS) and Canada Western Amber Durum (CWAD) wheats in all locations, while Canada Prairie Spring Red (CPSR) saw gains in most regions. The Canadian dollar was firm with almost no movement. […] Read more
Trump says impeachment inquiry could derail North America trade deal
Washington/Mexico City | Reuters — U.S. President Donald Trump warned on Wednesday that an impeachment inquiry against him could derail congressional approval of a North America trade pact, dragging down Mexico’s peso and stock market as investors fled riskier assets. While U.S. Trade Representative Robert Lighthizer said he was confident the U.S-Mexico-Canada trade agreement would […] Read more
Cash wheat: Bids up with U.S. futures, weak loonie
MarketsFarm — Wheat bids in Western Canada moved higher during the week ended Thursday, as gains in U.S. futures, weakness in the Canadian dollar and concerns over harvest delays in Western Canada all provided support. The Canadian dollar was down by roughly a third of a cent relative to its U.S. counterpart on the week. […] Read more
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