MarketsFarm — Wheat prices across the Prairies lost ground during the week ended Nov. 23, with Canada Western Red Spring and Canada Prairie Spring Red wheats incurring larger declines than those for durum. Minneapolis and Kansas City wheat futures pulled back during the week, but Chicago nudged up a little. Ongoing issues with lacklustre U.S. […] Read more
Prairie cash wheat: Prices fall back, more so for CWRS, CPSR
MGEX, K.C. wheats down on week
Prairie cash wheat: Bids ease off
U.S. wheat futures turn lower
MarketsFarm — Bids for western Canadian wheat were down all around for the week ended Thursday, with Canada Prairie Spring Red (CPSR) wheat having the largest losses. U.S. wheat futures were lower as export sales continued to be weak. For the week of Nov. 3-9, 176,300 tonnes were sold for export, down 50 per cent […] Read more
Prairie cash wheat: Bids up in early November
U.S. wheat futures up on week
MarketsFarm –– Spring wheat bids in Western Canada moved higher during the week ended Thursday, as gains in U.S. futures provided support. Average Canada Western Red Spring (CWRS, 13.5 per cent) wheat prices were up by $8.80-$10.10 per tonne across the Prairies, according to price quotes from a cross-section of delivery points compiled by PDQ […] Read more
U.S. grains: Wheat down on supply outlook boost
Soybeans hit two-month high before retreating; expected increase in U.S. yields weighs on corn
Chicago | Reuters — U.S. wheat futures declined on Tuesday as the markets reacted to better-than-expected crop conditions, while soybean futures climbed to a two-month high on adverse weather conditions in Brazil before retreating. The U.S. Department of Agriculture (USDA) rated 50 per cent of the country’s winter wheat crop in good-to-excellent condition after trading […] Read more
Net speculative short position in canola tops 100,000 contracts
Net long increases in CBOT soy
MarketsFarm — Speculative fund traders continued to add to their large short positions in canola futures during the last week of October, taking the net managed money short position over 100,000 contracts for the first time on record, according to the latest Commitments of Traders report from the U.S. Commodity Futures Trading Commission (CFTC). As […] Read more
Prairie cash wheat: Weaker U.S. values pull down Canadian prices
Lower export sales drag on U.S. wheat
MarketsFarm — Wheat prices across the Canadian Prairies fell back during the week ended Nov. 2, with losses in Canada Western Red Spring and Canada Prairie Spring Red wheats, while those for Canada Western Amber Durum were mostly lower. The U.S. wheat complex lost ground during the week, due in part to lacklustre export sales. […] Read more
Fund short position hits new record in ICE canola
Traders return to net long on soybeans
MarketsFarm — The net speculative short position in the ICE Futures canola market rose to its largest level ever recorded as fund traders put on fresh bearish bets and liquidated previously placed long positions, according to the latest Commitments of Traders report from the U.S. Commodity Futures Trading Commission (CFTC). As of Oct. 24, the […] Read more
Prairie cash wheat: Bids book week of losses
U.S. wheat futures down on week
MarketsFarm — Western Canadian wheat bids took a tumble with durum prices having the largest losses during the week ended Oct. 26. U.S. wheat futures were pressured throughout the week as rains fell on winter wheat-growing areas in the country, as well as in Argentina, Ukraine and Australia. Export sales for U.S. wheat were lower […] Read more
Managed money adding to net short positions in canola
Canola at biggest net short position in months
MarketsFarm — Managed money fund traders remain bearish canola, growing the net short position in the ICE Futures market to the second largest level of the past year, according to the latest Commitments of Traders report from the U.S. Commodity Futures Trading Commission (CFTC). As of Oct. 17, the net managed money short position in […] Read more
Prairie cash wheat: Spring wheat bids rise with U.S. futures
Weaker loonie also offers support
MarketsFarm — Spring wheat bids in Western Canada were mostly higher during the week ended Thursday, as gains in U.S. futures and weakness in the Canadian dollar provided support. Average Canada Western Red Spring (CWRS, 13.5 per cent protein) wheat prices were up by $5-$10.20 per tonne across the Prairies, according to price quotes from […] Read more
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