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Spring wheat

Seed growers pick the year’s top performers
Crops, News

Seed growers pick the year’s top performers

Although most crops did quite well in 2020, a few varieties really stood out

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On average, 2020 presented a pretty decent growing season, with decent yields and decent grain, oilseed and pulse crop quality, all contributing to a general sense of industry optimism, say seed growers across Western Canada. Region to region it wasn’t perfect — some excessive rains in the central Peace River region and parts of northern […] Read more
(Thinkstock photo)
Crops, Markets, Spring Wheat, Winter Wheat

Prairie cash wheat: Durum springs forward, red spring falls back

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MarketsFarm — Bids in Western Canada were weaker for Canada Western Red Spring (CWRS) and Canada Prairie Spring Red (CPSR) wheats for the week ended Thursday, while there were increases for Canada Western Amber Durum (CWAD). Double-digit losses in U.S. wheat markets weighed on values and a drop in the Canadian dollar provided support. Average […] Read more
Husky Energy’s ethanol plant at Minnedosa, Man., about 45 km north of Brandon. (HuskyGrain.com)
Crops, Markets

Cenovus to get Prairies’ biggest ethanol maker in Husky sale

Plants can take up to 750,000 tonnes of wheat, corn, rye per year

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A proposed takeover of Husky Energy by Cenovus Energy is expected to create not only Canada’s third-biggest oil and gas producer but also a new owner for the Prairies’ biggest ethanol business. The two Calgary companies on Sunday announced a friendly all-stock deal which would see Husky shareholders get 0.7845 of a Cenovus share — […] Read more
(Thinkstock photo)
Crops, Markets, Spring Wheat, Winter Wheat

Prairie cash wheat: Bids mixed

Durum steady to lower

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MarketsFarm — Wheat bids in Western Canada were mixed during the week ended Friday, with gains observed in Canada Western Red Spring (CWRS) wheat and losses in Canada Prairie Spring Red (CPSR). Canada Western Amber Durum (CWAD), meanwhile, was steady to lower. Average CWRS (13.5 per cent) wheat prices were up by $2-$7 per tonne, […] Read more
CBOT December 2020 corn with 20-, 50- and 100-day moving averages. (Barchart)
Crops, Markets, Reuters, Weather

U.S. grains: Corn, soy rise on export hopes

Wheat futures dip on profit taking

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Chicago | Reuters — Chicago Board of Trade corn and soybean futures rose on Wednesday, as concerns about dry conditions in key global production areas of South America boosted export prospects for both U.S. commodities. Strength in the cash market also supported gains in corn and soybean futures, traders said. CBOT soft red winter wheat […] Read more
MGEX December 2020 wheat (candlesticks) compared against CBOT December 2020 wheat (orange line). (Barchart)
Crops, Markets, Soybeans, Weather, Winter Wheat

CBOT weekly outlook: Export demand supports wheat, soy

Lower U.S. dollar also supportive

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MarketsFarm — Strong global demand, paired with concerns of dry growing conditions in key regions, has spurred U.S. wheat prices higher. “Some countries are getting nervous with the persistent dryness in several regions, which could reduce the supply of quality global wheat,” said Terry Reilly of Futures International in Chicago. Dry growing conditions in Ukraine, […] Read more
CBOT December 2020 wheat with 20-, 50- and 100-day moving averages. (Barchart)
Crops, Markets, Reuters

U.S. grains: Dry soils push Chicago wheat higher

CBOT corn, soy futures also rise

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Chicago | Reuters — Chicago Board of Trade soft red winter wheat futures firmed on Monday, hitting almost six-year highs, on concerns about dry conditions across key global growing areas, traders said. But gains were limited as investors stood by after prices have rallied 8.6 per cent so far this month. “The market is just […] Read more
(Country Guide file photo)
Crops, Markets, Spring Wheat, Winter Wheat

Prairie cash wheat: Prices up on sharp rises in U.S. wheat

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MarketsFarm — Wheat bids in Western Canada were higher for Canada Western Red Spring (CWRS), Canada Prairie Spring Red (CPSR) and Canada Western Amber Durum (CWAD) wheats for the week ended Thursday. Support came from double-digit increases in Chicago, Minneapolis and Kansas City wheat futures. Meanwhile, the Canadian dollar was relatively steady. Average CWRS (13.5 […] Read more
Detail from the front of the CBOT building in Chicago. (Vito Palmisano/iStock/Getty Images)
Crops, Markets

CBOT weekly outlook: Soy, corn could retest highs

Wheat now 'doing its own thing'

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MarketsFarm — Soybean and corn futures at the Chicago Board of Trade backed away from nearby highs over the past week, but could be poised to retest those levels as the underlying fundamentals remain supportive. “I think we’ll need another headline of sorts, whether it be a weather or sales numbers (headline), to push corn […] Read more

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