CNS Canada –– Cash bids for Canadian wheat were stronger during the week ended Friday, as basis levels improved. A firmer tone in U.S. wheat futures was also supportive. Average Canada Western Red Spring (CWRS) wheat prices were C$6-$12 per tonne higher, with bids ranging from about $204 per tonne in north-central Saskatchewan to $223 […] Read more
Prairie wheat bids rise with improving basis
U.S. grains: Soy, corn, wheat tumble as U.S. dollar firms
Chicago | Reuters — U.S. grains and oilseeds fell more than one per cent on Friday, with soybeans tumbling to the lowest levels since October in a broad commodities selloff as the dollar rallied against a basket of global currencies. Soybeans, corn and wheat each reversed earlier gains and fell to session lows as the […] Read more
U.S. grains: Wheat jumps on global weather worries, corn follows
Chicago | Reuters –– U.S. wheat futures rose more than one per cent on Thursday, lifted by worries that U.S. rains could reduce grain quality and that dry conditions in Russia and Canada would stress crops. Chicago Board of Trade corn futures also jumped, rising in sympathy with wheat, while soybeans were nearly unchanged, anchored […] Read more
U.S. grains: Soy at seven-month low, corn weak on favourable weather
Chicago | Reuters — U.S. soybeans fell to seven-month lows and corn to one-week lows on Wednesday, pressured by forecasts for nearly ideal growing conditions for the crops next week. Temperatures were seen warming up by next week after a chill that supported prices earlier this week. Coupled with recent rainfall in the U.S. Midwestern […] Read more
U.S. grains: Soybeans fall to contract lows on speedy plantings
Chicago | Reuters — U.S. soybeans fell to contract lows while corn eased 1.7 per cent on Tuesday, pressured by faster-than-normal spring plantings and overall favourable crop conditions in the U.S. Wheat futures tumbled two per cent at the Chicago Board of Trade, with all three markets reversing from gains in the previous session as […] Read more
U.S. grains: Wheat jumps on more U.S. rains, frost fears
Chicago | Reuters — U.S. wheat surged more than two per cent to the highest level in a month on Monday as forecasts for rains in the U.S. Plains revived concerns about crop damage and encouraged buying among investors with large short positions. Worries that frost and cold temperatures could reduce yields in the northern […] Read more
Prairie wheat bids up sharply as U.S. futures rally
CNS Canada –– Cash bids for Canadian wheat were stronger during the week ended Thursday, as U.S. wheat futures rallied sharply higher and basis levels improved, in general. Average Canada Western Red Spring (CWRS) wheat prices were C$10-$13 per tonne higher, with bids ranging from about $196 per tonne in north-central Saskatchewan to $214 per […] Read more
Russia lifts wheat export duty, exports seen rising
Moscow | Reuters — Russia lifted its duty on wheat exports on Friday to help domestic producers and the government said the move would boost overseas sales by one million tonnes. One of the world’s major wheat exporters, Russia initially imposed the tax from Feb. 1 until June 30 to dampen rising domestic prices and […] Read more
U.S. grains: Wheat retreats from one-month high
Chicago | Reuters — U.S. wheat prices fell on Friday in a technical setback from a one-month high and a seven per cent surge a day earlier, traders said. Corn and soybeans also eased as U.S. crop prospects remained bright amid generally favourable weather in the Midwest. At the Chicago Board of Trade, July wheat […] Read more
U.S. grains: Wheat surges as funds cover short positions
Chicago | Reuters — U.S. wheat futures surged seven per cent on Thursday as a softer dollar inspired funds to cover short positions, analysts said. Corn followed wheat higher, while soybeans closed flat after a private forecast for record-high U.S. soybean plantings. At the Chicago Board of Trade, July wheat settled up 32-3/4 cents at […] Read more
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