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
Prairie cash wheat: Soft Minneapolis futures weigh on bids
Prairie cash wheat: Bids steady to lower
MarketsFarm — Wheat bids in Western Canada were lower for the week ended Thursday. Canada Western Red Spring (CWRS) wheat had larger declines, while Canada Prairie Spring Red (CPSR) and durum (CWAD) were steady to lower. The Canadian dollar dropped almost a half cent during the week. Average CWRS (13.5 per cent protein) wheat prices […] 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
U.S. grains: Soy futures end near unchanged
Chicago | Reuters — U.S. soybean futures finished near unchanged on Thursday after initially rising on hopes for further Chinese purchases, traders said. China, the world’s largest soybean importer, will buy about six million tonnes of soy from the United States before trade talks in early October, said a chief analyst at Shanghai JC Intelligence […] Read more
Spring wheat futures rally on North American weather woes
MarketsFarm — Weather-related quality issues with North American spring wheat crops saw Minneapolis spring wheat futures rally sharply over the past three weeks, with more room to the upside as concerns mount over the state of the crop. The December contract hit a multi-year low of $4.865 per bushel at the beginning of September, but […] Read more
U.S. grains: Soybeans slip on weather, Chinese buying concerns
Chicago | Reuters — Chicago soybean futures fell on Wednesday as investors worried U.S.-China trade relations could escalate and as thoughts of frost impacting U.S. Midwest yields began to ease, traders said. Soybean futures faced pressure after President Donald Trump criticized Chinese policy in his address at the United Nations on Tuesday, reviving worries that […] Read more
U.S. grains: MGEX spring wheat rallies to highest since mid-June
Chicago | Reuters — MGEX spring wheat futures rallied for the fifth day in a row on Tuesday as farmers harvesting in the northern U.S. Plains found that wet conditions had lowered the quality of the crop there. “They are talking about protein levels really taking a hit with the wet weather,” said Mark Gold, […] Read more