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The loonie also gave up more than 9/10ths of a cent, making wheat and durum more appealing to export customers.

Canadian Western Red Spring

Average CWRS (13.5 per cent) prices advanced C$14.60 to C$25.70 per tonne, according to price quotes from a cross-section of delivery points compiled by PDQ (Price and Data Quotes). Prices ranged from about C$278.10 per tonne in southeastern Saskatchewan to C$304.70 per tonne in southern Alberta.

Quoted basis levels varied from location to location and ranged from C$36.20 to C$62.70 per 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.

CWRS basis levels

When accounting for currency exchange rates by adjusting Canadian prices to U.S. dollars (C$1=US$0.7174), CWRS bids ranged from US$199.50 to US$218.60 per tonne. That would put the currency-adjusted basis levels at about US$23.40 to US$42.40 below the futures.

Looking at it the other way around, if the Minneapolis futures are converted to Canadian dollars, CWRS basis levels across Western Canada ranged from C$16.80 to C$30.50 below the futures.

Canadian Prairie Spring Red

Average CPRS (11.5 per cent) wheat prices increased C$15.90 to C$17.30 per tonne. Bids ranged from C$252.60 per tonne in northeastern Saskatchewan to C$281.20 per tonne in southern Alberta.

Canadian Western Amber Durum

Average CWAD prices were up more moderately, adding 40 cents to C$1.50 per tonne. Bids ranged from C$282.20 per tonne in northwestern Saskatchewan to C$296.90 per tonne in western Manitoba.

U.S. wheat complex

The May spring wheat contract in Minneapolis, which most CWRS contracts Canada are based off of, was quoted at US$6.5850 per bushel on March 31, advancing 27.25 cents on the week.

The Kansas City hard red winter wheat futures, which are now traded in Chicago, are more closely linked to CPRS in Canada. The May Kansas City wheat contract was quoted at US$6.3550 per bushel on March 31, jumping 31.50 cents.

The May Chicago Board of Trade soft wheat contract settled at US$6.1625 per bushel March 31, gaining 26.25 cents.

The post Prairie Wheat Weekly: Good increases for wheat, while durum nudges up appeared first on Alberta Farmer Express.

The loonie climbed more than six-tenths of a cent, making wheat and durum more expensive for export customers.

For daily markets coverage, visit the Western Producer markets desk

Those declines were tempered by gains in the United States wheat complex.

Canadian Western Red Spring

Average CWRS (13.5%) prices gave up 30 cents to C$2.90 per tonne, according to price quotes from a cross-section of delivery points compiled by PDQ (Price and Data Quotes). Prices ranged from about C$260.20 per tonne in southeastern Saskatchewan to C$287.60 per tonne in southern Alberta.

Quoted basis levels varied from location to location and ranged from C$31.60 to C$58.90 per 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.

CWRS basis levels

When accounting for currency exchange rates by adjusting Canadian prices to U.S. dollars (C$1=US$0.7371), CWRS bids ranged from US$191.80 to US$212.00 per tonne. That would put the currency-adjusted basis levels at about US$16.70 to US$36.80 below the futures.

Looking at it the other way around, if the Minneapolis futures are converted to Canadian dollars, CWRS basis levels across Western Canada ranged from C$12.30 to C$27.10 below the futures.

Canadian Prairie Spring Red

Average CPRS (11.5%) wheat prices stepped back 30 cents to C$4.50 per tonne. Bids ranged from C$236.40 per tonne in southeastern Saskatchewan to C$262.90 per tonne in southern Alberta.

Canadian Western Amber Durum

Average CWAD prices were down 30 cents to C$4.70 per tonne. Bids ranged from C$278.50 per tonne in northwestern Saskatchewan to C$294.50 per tonne in western Manitoba.

U.S. wheat futures

The May spring wheat contract in Minneapolis, which most CWRS contracts Canada are based off of, was quoted at US$6.3500 per bushel on March 10, advancing 21.75 cents on the week.

The Kansas City hard red winter wheat futures, which are now traded in Chicago, are more closely linked to CPRS in Canada. The May Kansas City wheat contract was quoted at US$6.0875 per bushel on March 10, jumping 30.50 cents.

The May Chicago Board of Trade soft wheat contract settled at US$5.9100 per bushel March 10, gaining 17 cents.

The post Prairie Wheat Weekly: Rising loonie pushes down cash prices appeared first on Alberta Farmer Express.

There are suggestions that more spring wheat will be planted this spring compared to that seeded in 2025/26. Statistics Canada is set to release its initial 2026-27 seeding estimates on March 5. About 20.6 million wheat acres (except durum) are expected to be planted, compared to 20.5 million last year. Forecasts for durum, of 5.8 million to 6.4 million acres, were lower than last spring’s 6.532 million.

The Canadian Grain Commission reported wheat exports for the week ended Feb. 22 at 408,300 tonnes, greater than the 220,300 tonnes shipped the previous week. So far this marketing year, 12.645 million tonnes of wheat have been exported, compared to 11.531 million tonnes shipped at the same point one year ago.

Canadian Western Red Spring (CWRS) wheat was up C$2.00 to C$5.40 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$260.70/tonne in southeast Saskatchewan to C$289.60 in southern Alberta.

Quoted basis levels ranged from between C$39.70 to C$68.60/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$0.7308), CWRS bids were from US$190.50 to US$211.60/tonne. Currency adjusted basis levels ranged from US$9.30 to US$30.40 below the futures. If the futures were converted to Canadian dollars, basis levels would be C$6.80 to C$22.20 below the futures.

Meanwhile, Canadian Prairie Red Spring (CPRS) prices gained C$4.00 to C$10.50 per tonne. The lowest average bid for CPRS was C$240.50 in southeast Saskatchewan, while the highest average bid was C$265.40 in southern Alberta.

The average prices for Canadian Western Amber Durum (CWAD) were up C$2.70 to C$3.40 per tonne with bids between C$282.80 in southwest Saskatchewan to C$294.80 in western Manitoba.

The May spring wheat contract in Minneapolis, which most CWRS contracts are based off of, was quoted at US$6.1325 per bushel on March 3, up 17.75 cents.

The Kansas City hard red winter wheat futures, which are now traded in Chicago, are more closely linked to CPRS in Canada. The May contract rose 11.25 cents at US$5.7825/bu.

The May Chicago soft red contract was up 0.75 of a cent at US$5.74/bu.

The Canadian dollar tacked on 0.13 of a cent to close at 73.08 U.S. cents on March 3.

The post Prairie Wheat Weekly: Western Canadian bids move upward appeared first on Alberta Farmer Express.

Scott Capinegro, hedging specialist for AgMarket.net, said May corn was approaching a February low but is setting itself up for a March rally. As for wheat, he said funds were short and technicals were conducive for rallies the past week.

Soybeans’ rise can be attributed to rallying soyoil, of which the May contract had a weekly gain of 1.58 cents per pound. But the White House is expected to announce its biodiesel fuel blend in the coming days.

“That one could end up being ‘buy the rumour, sell the fact,’” he said. “We’re racing to meet a self-imposed deadline by the end of March. We’ve already put that rally into the market.”

Exports also should be giving support to corn and soybeans, said Capinegro.

“The corn exports continue to be good, but the corn market does act sloppy. We are breaking to the lower end of the range (in March corn). As for soybeans, it’s China, China, China,” he said, adding that the U.S. is waiting for Lunar New Year celebrations to end before shipping more beans to China.

The United States Department of Agriculture will host its 2026 Agricultural Outlook Forum from Feb. 19 to 20 in Arlington, Va. Capinegro said many are expecting projected corn acres to be trimmed while those for soybeans are raised. However, one grain’s loss could benefit two major crops.

“Are they taking into consideration (the loss) of a lot of rice acres down south?” he said. “They’re going into corn and beans.”

The post CBOT Weekly: Choppy futures looking for direction appeared first on Alberta Farmer Express.

A firmer tone United States wheat complex offered support, as did the Canadian dollar which lost six-tenths of a cent on the week.

CWRS

Average CWRS (13.5 per cent) prices were 30 cents lower to C$1.70 per tonne higher, according to price quotes from a cross-section of delivery points compiled by PDQ (Price and Data Quotes). Prices ranged from about C$249.00 per tonne in southeastern Saskatchewan to C$279.90 per tonne in southern Alberta.

Quoted basis levels varied from location to location and ranged from C$40.30 to C$71.10 per 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.

Related: Canadian wheat exports strong as new record remains possible

When accounting for currency exchange rates by adjusting Canadian prices to U.S. dollars (C$1=US$0.7323), CWRS bids ranged from US$182.40 to US$205.00 per tonne. That would put the currency-adjusted basis levels at about US$3.80 to US$26.40 below the futures.

Looking at it the other way around, if the Minneapolis futures are converted to Canadian dollars, CWRS basis levels across Western Canada ranged from C$2.80 to C$19.40 below the futures.

CPSR, CWAD

Average CPRS (11.5 per cent) wheat prices were up C$3.20 to C$4.70 per tonne. Bids ranged from C$227.60 per tonne in southeastern Saskatchewan to C$253.50 per tonne in southern Alberta.

Average CWAD prices gave up 40 to 80 cents per tonne. Bids ranged from C$277.70 per tonne in southwestern Saskatchewan to C$289.20 per tonne in southern Alberta.

U.S. wheat complex

The March spring wheat contract in Minneapolis, which most CWRS contracts Canada are based off of, was quoted at US$5.6825 per bushel on Feb. 17, holding steady on the week.

The Kansas City hard red winter wheat futures, which are now traded in Chicago, are more closely linked to CPRS in Canada. The March Kansas City wheat contract was quoted at US$5.3875 per bushel on Feb. 17, advancing 8.25 cents.

The March Chicago Board of Trade soft wheat contract settled at US$5.3775 per bushel Feb. 17, increasing 9.50 cents.

The post Prairie Wheat Weekly: Cash prices mostly higher appeared first on Alberta Farmer Express.

The Canadian Grain Commission reported 230,300 tonnes of wheat exports for the week ended Feb. 1, down from 353,300 tonnes the previous week. So far this marketing year, 11.5 million tonnes of wheat were exported, compared to 10.5 million at the same time last year.

The U.S. Department of Agriculture released its monthly supply/demand estimates on Feb. 10, with 2025-26 wheat ending stocks raised by five million tonnes at 931 million, exceeding trade expectations. Global carryout was tightened by 740,000 tonnes at 277.51 million, below the trade’s pre-report estimates.

Canadian Western Red Spring (CWRS) wheat was down C$0.10 to up C$2.40 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$249.10/tonne in southeast Saskatchewan to C$279.60 in southern Alberta.

Quoted basis levels ranged from between C$40.20 to C$70.80/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$0.7383), CWRS bids were from US$183.90 to US$206.50/tonne. Currency adjusted basis levels ranged from US$2.40 to US$25 below the futures. If the futures were converted to Canadian dollars, basis levels would be C$1.80 to C$18.40 below the futures.

Meanwhile, Canadian Prairie Red Spring (CPRS) prices lost C$1.80 to C$2.60 per tonne. The lowest average bid for CPRS was C$224.30 in southeast Saskatchewan, while the highest average bid was C$248.80 in southern Alberta.

The average prices for Canadian Western Amber Durum (CWAD) were up C$2.80 to C$3 per tonne with bids between C$278.50 in southwest Saskatchewan to C$289.60 in southern Alberta.

The March spring wheat contract in Minneapolis, which most CWRS contracts are based off of, was quoted at US$5.6825 per bushel on Feb. 10, down 0.75 of a cent.

The Kansas City hard red winter wheat futures, which are now traded in Chicago, are more closely linked to CPRS in Canada. The March contract declined 4.25 cents at US$5.3050/bu.

The March Chicago soft red contract was down 0.5 of a cent at US$5.825/bu.

The Canadian dollar moved up 0.58 of a cent to close at 73.83 U.S. cents on Feb. 10.

The post Prairie Wheat Weekly: Spring wheat declines, durum higher appeared first on Alberta Farmer Express.

March soybeans rose 10.5 U.S. cents per bushel over the past week at US$10.75, while March corn gained 8.25 cents at US$4.30/bu. March Chicago wheat surged 28.25 cents to close at US$5.36/bu., its Kansas City hard red wheat counterpart added 22.25 cents at US$5.4225/bu. and March Minneapolis spring wheat was up 10.25 cents at US$5.74/bu.

Jack Scoville of The Price Futures Group in Chicago said cold temperatures ahead of the storm’s arrival may have damaged crops in winter wheat-growing areas, putting a weather premium on prices.

“(Winterkill) was probably the biggest impact,” Scoville said, adding that lower winter wheat prices earlier this month were setting up for a rally eventually.

U.S. President Donald Trump recently threatened a number of countries, including Iran, Greenland and Canada, reducing confidence in the U.S. dollar. As a result, the currency weakened against its international counterparts. However, a lower dollar means cheaper exports and increased buying interest.

For the week ended Jan. 15, U.S. soybean and corn export sales reached marketing-year highs of 2.45 million tonnes and 4.01 million, respectively, said the U.S. Department of Agriculture. Wheat export sales exceeded trade expectations for the week at 618,100 tonnes.

“Both those numbers are very high. They did support commercial demand and they are supporting commercial demand now,” Scoville said. “If the U.S. dollar stays weak, I imagine (export) sales will be stronger.”

He anticipated prices to become stronger in the next week and beyond. The March soybean contract could surpass the US$11/bu. level just in time before the South American soybean harvest enters the markets. The March corn contract could move up to US$4.45/bu, Scoville added.

“(March Chicago) wheat could move back to (November 2025) highs, US$5.60 to US$5.65/bu. Prices would be up across the board,” he said.

The post CBOT Weekly: Prices to continue higher appeared first on Alberta Farmer Express.

Tom Lilja, an analyst for Progressive Ag in Fargo, N.D., said the January report will be especially important as it typically finalizes the yield figures for the current growing year. This year, he expects reduced yields for U.S. corn and soybeans.

“There was a fair amount of rust pressure in Illinois, Indiana, Tennessee, through some of those areas,” Lilja said.

As for wheat, current and future crops may also see declines.

“Probably the biggest expectation (for wheat) is that the U.S. is set to lose (1.3) million acres of planted wheat this year just due to poor market price,” he added. “There were a number of in-state reports that showed very sharp declines in (winter wheat) conditions … We saw a decline of 26 per cent (good to excellent) in Colorado. Nebraska was down 14 per cent, Oklahoma was down nine per cent, Texas was down six per cent and Kansas was down two per cent.”

Lilja also heard that safrinha corn plantings in Brazil could be delayed as a knock-on effect of late soybean plantings due to high soil moisture.

“If that does happen and that weather does become a factor, I would anticipate strength in the corn market,” he said.

March corn, soybean and wheat contracts, except for Minneapolis spring wheat, all saw weekly gains on Jan. 7. While the March corn contract ended the day at US$4.4675 per bushel, Lilja said a two to three bushel per acre cut in corn yield could push the futures past US$4.55/bu.

He said the upcoming reports may already be priced into the markets by the trade, but Lilja warned a possible truce between Russia and Ukraine could potentially put more corn and wheat into the market.

“(Russia’s invasion of Ukraine) is one of the reasons our corn exports have been well above-average this year because Ukraine has been limited in shipping,” he explained.

The post CBOT Weekly: USDA reports could support prices appeared first on Alberta Farmer Express.

The United States wheat complex was either side of steady as well, with declines in Minneapolis wheat and small to moderate increases for Kansas City and Chicago wheat.

Although the Canadian dollar had a slight net decrease during the two-week period, the loonie climbed to 73.41 U.S. cents on Christmas Eve before turning lower.

CWRS

Average CWRS (13.5 per cent) prices gave up C$1.40 to C$5.50 per tonne, according to price quotes from a cross-section of delivery points compiled by PDQ (Price and Data Quotes). Those prices ranged from about C$242.70 per tonne in southeastern Saskatchewan to C$272.90 per tonne in southern Alberta.

Quoted basis levels varied from location to location and ranged from C$34.30 to C$64.50 per 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.

When accounting for currency exchange rates by adjusting Canadian prices to U.S. dollars (C$1=US$0.7252), CWRS bids ranged from US$176.00 to US$197.90 per tonne. That would put the currency-adjusted basis levels at about US$10.50 to US$32.40 below the futures.

Looking at it the other way around, if the Minneapolis futures are converted to Canadian dollars, CWRS basis levels across Western Canada ranged from C$7.60 to C$23.50 below the futures.

CPRS & CWAD

Average CPRS (11.5 per cent) wheat prices swung higher, adding C$3.10 to C$8.80 per tonne. Bids ranged from C$222.20 per tonne in southeastern Saskatchewan to C$249.80 per tonne in southern Alberta.

Average CWAD prices rose C$1.90 to C$2.50 per tonne. Bids ranged from C$270.30 per tonne in southwestern Saskatchewan to C$282.90 per tonne in western Manitoba.

U.S. Wheat Complex & loonie

The March spring wheat contract in Minneapolis, which most CWRS contracts Canada are based off of, was quoted at US$5.6725 per bushel on Jan. 6, falling 10.75 cents.

The Kansas City hard red winter wheat futures, which are now traded in Chicago, are more closely linked to CPRS in Canada. The March Kansas City wheat contract was quoted at US$5.2150 per bushel on Jan. 6, climbing 6.25 cents.

The December Chicago Board of Trade soft wheat contract settled at US$5.1050 per bushel Dec. 19, tacking on three-quarters of a cent.

The Canadian dollar shed less than a 20th of a cent at 72.52 U.S. cents.

The post Prairie Wheat Weekly: CWRS slips, as CPSR, durum rise appeared first on Alberta Farmer Express.

This was despite losses in Chicago and Kansas City wheat and Agriculture and Agri-Food Canada projecting larger all wheat ending stocks for 2025/26.

Minneapolis wheat bumped up on the week, lending some support to Canadian cash prices.

CWRS

Average CWRS (13.5%) prices added 90 cents to C$2.30 per tonne, according to price quotes from a cross-section of delivery points compiled by PDQ (Price and Data Quotes). Those prices ranged from about C$246.30 per tonne in southeastern Saskatchewan to C$274.20 per tonne in southern Alberta.

Quoted basis levels varied from location to location and ranged from C$33.90 to C$61.90 per 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.

When accounting for currency exchange rates by adjusting Canadian prices to U.S. dollars (C$1=US$0.7256), CWRS bids ranged from US$178.70 to US$199.00 per tonne. That would put the currency-adjusted basis levels at about US$13.40 to US$33.70 below the futures.

Looking at it the other way around, if the Minneapolis futures are converted to Canadian dollars, CWRS basis levels across Western Canada ranged from C$9.70 to C$24.40 below the futures.

CPRS & CWAD

Average CPRS (11.5%) wheat prices bumped up 20 cents to C$1.50 per tonne. Bids ranged from C$219.10 per tonne in southeastern Saskatchewan to C$241.00 per tonne in southern Alberta.

Average CWAD prices gained 80 cents to C$2.40 per tonne. Bids ranged from C$268.00 per tonne in southwestern Saskatchewan to C$281.00 per tonne in western Manitoba.

Wheat complex & loonie

The March spring wheat contract in Minneapolis, which most CWRS contracts Canada are based off of, was quoted at US$5.7800 per bushel on Dec. 19, rising 2.25 cents

The Kansas City hard red winter wheat futures, which are now traded in Chicago, are more closely linked to CPRS in Canada. The March Kansas City wheat contract was quoted at US$5.1525 per bushel on Dec. 19, slipping 2.75 cents from a week ago.

The December Chicago Board of Trade soft wheat contract settled at US$5.0975 per bushel Dec. 19, retreating 19.50 cents.

The Canadian dollar slipped by less than a 10th of a cent at 72.56 U.S. cents.

The post Prairie Wheat Weekly: Modest increases for cash prices appeared first on Alberta Farmer Express.