Prices for wheat on the Canadian Prairies were either side of steady by the week ended May 9. There were losses for Canadian Western Red Spring Wheat and Canadian Western Amber Durum, but Canada Prairie Red Spring Wheat incurred increases.
The federal government is moving to push back the start of a possible strike by railway workers at Canadian National Railway (CN) and Canadian Pacific Kansas City (CPKC), an official said on Friday.
Chicago wheat futures rose on Thursday as Russia declared a state of emergency in key grain-growing regions due to frosts, while soybeans and corn fell ahead of a monthly U.S. Department of Agriculture supply-and-demand report due on Friday.
Sufficient supplies of domestic barley and wheat along with the ongoing influx of corn from United States, have continued to keep a lid on feed grain prices on the Canadian Prairies. That’s especially so in southern Alberta, according to Darcy Haley, vice-president of Ag Value Brokers in Lethbridge.
Argentine grains ports and soybean crushing plants in the area surrounding the major Rosario hub are standing idle due to a nationwide strike launched on Thursday, the head of the major grains exporting nation's oilseed export chamber said.
Chicago Board of Trade wheat futures fell on Wednesday despite weather risks in top exporter Russia, highlighting the size of its supply as the country continues to dominate global export markets.
Planting progress in Manitoba advanced a little bit during the week ended May 7, with four per cent of the province’s crops in the ground. With the bulk of the seeding in the central region, that’s up two points from the previous week but five behind the five-year average.