Hard red spring wheat bids in Western Canada moved higher during the week ended March 13, as gains in United States futures and weakness in the Canadian dollar countered the bearish influence of the trade uncertainty overhanging the markets.
Wheat
Canadian spring wheat bids strengthen
Rising futures, weak loonie provide support
U.S. grains: Chicago grains, soy rebound on demand uptick, weak dollar
Chicago Board of Trade corn and soybean futures turned higher on Thursday, after private estimates for Argentina's corn and soy crops fell, analysts said.
Feed grains weekly: Looming tariffs scaring away demand
Feed market is ‘wait and see’ says broker
Ongoing tariff uncertainty continues to curtail demand in the feed sector across the Canadian Prairies, said broker Evan Peterson of JGL Commodities in Saskatoon.
U.S. grains: Chicago grains and soybeans extend losses as trade fights roil
Chicago Board of Trade grain and oilseeds extended losses on Wednesday after a government crop report showed more U.S. corn inventories than expected, while the latest U.S. tariffs and European counter-measures fueled concerns about trade disruption, traders said.
Canada to seed more wheat, less canola in 2025: StatCan
Farmers also seeding more peas, corn and oats
Canadian farmers intend to plant more wheat and less canola in 2025, according to the first survey-based estimates for the upcoming growing season from Statistics Canada released March 12. Area seeded to corn, oats and peas is also expected to rise, while soybeans, barley and lentils are forecast to lose acres.
U.S. wheat sees most notable changes in March S/D report
No change was the central theme to the March supply and demand report from the United States Department of Agriculture issued on March 11. In most categories of the World Agricultural Supply and Demand Estimates (WASDE), the USDA kept the same data as in its February report.
U.S. grains: Soybean futures fall on weakness in oil market, China deflation worries
Chicago Board of Trade soybeans ended lower on Monday, as prices were weighed down by weakness in the oil market and traders' concern over Chinese deflation, market analysts said.
China hits back at Canada with fresh agriculture tariffs
China announced tariffs on over $2.6 billion worth of Canadian agricultural and food products on Saturday, retaliating against levies Ottawa introduced in October and opening a new front in a trade war largely driven by U.S. President Donald Trump's tariff threats.
U.S. grains: Corn futures end higher, extending rally on tariff relief
Chicago Board of Trade corn futures rose for a third straight session on Friday as news of exemptions for Mexico and Canada to most U.S. tariffs allowed grain prices to stabilize after a plunge early this week.
Prairie Wheat Weekly: Prices either side of steady
Trump tariffs pressuring U.S. wheat prices
Western Canadian cash prices for spring wheat and amber durum were mixed during the week ended March 6. Declines in the United States wheat complex weighed on Prairie cash prices, as did a stronger Canadian dollar.