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 Grainews.

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 Grainews.

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 Grainews.

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 Grainews.

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 Grainews.

Avireo is a pre-seed/pre-emergent herbicide combining Group 27 and Group 14 active ingredients. FMC promotes it as the first product of its kind in Western Canada.

Avireo targets such broadleaf weeds like Group 2, 4 and 9 herbicide-resistant kochia, Group 2 and 4 herbicide-resistant cleavers, volunteer canola and others.

Barricade III is a post-emergent herbicide with a higher-than-normal rate of fluroxypyr for enhanced control of kochia and other troublesome broadleaf weeds.

Also claiming kochia control is PrecisionPac CF-18-878 Pro. FMC says the burnoff blend provides extended control of more than 50 broadleaf weed species, among them kochia, narrow-leaved hawk’s-beard, Russian thistle and volunteer canola. It features four modes of action when mixed with glyphosate.

Express FT is also marketed for kochia control and others like cleavers and dandelions.

The three other crop protection products on the company’s 2026 slate include:

• Avoda Pro seed treatment for protection of wheat, barley, oats and rye against seed and soil-borne diseases. Its three active ingredients are tebuconazole, prothioconazoleb and metalaxyl.
• Focus NXT herbicide — a preseed herbicide formulated with spring wheat growers in the black soil zone in mind.
• Optimize FXC DS — a soybean innoculant meant to help support early nodulation and crop establishment.

The post FMC Canada unveils 2026 crop protection roster appeared first on Grainews.

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 Grainews.

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 Grainews.

• · The January soybean contract lost 33 U.S. cents per bushel week-to-week to close at US$10.5825 on Dec. 17, while the March contract pulled back 32.25 cents at US$10.69.
• · March Chicago soft wheat fell 23.25 cents at US$5.0625, while March Kansas City hard red wheat declined 15.5 cents at US$5.0775 and March Minneapolis spring wheat dropped 13.25 cents at US$5.62.
• · March corn was down 3.75 cents at US$4.4050.

Scott Capinegro, hedging specialist for AgMarket.net, said that soybeans led the way down as it becomes more apparent China will not fulfill its commitment to purchase 12 million tonnes of soybeans from the United States by either the end of 2025 or February 2026. There is also doubt amongst the trade that China will purchase 25 million tonnes in 2026 and 2027.

“It’s going to be awful tough for (China) to fulfill that. Brazil (soybeans are) so much cheaper than us and it looks like they’re going to have a big crop,” Capinegro said.

Soybeans were at a near-record net long position for the week ended Nov. 18 at 229,625 contracts, the largest since October 2020. However, the U.S. government shutdown last month, which postponed reporting, meant analysts were largely unaware until that week’s Commitment of Traders report was released on Dec. 12.

“It would’ve been nice as brokers and the public to know they were long that many beans. All of a sudden, there was a high that day and down we went,” Capinegro said, adding he is checking the 200-day averages to see if they hold.

A large global wheat crop and increased competition from overseas have resulted in lagging U.S. wheat exports, leading to new contract lows. Meanwhile, Capinegro added that he would like to see March corn bounce off the US$4.35/bu. level.

There will be plenty of uncertainty in the markets when the calendar turns to 2026, Capinegro said, especially after U.S. President Donald Trump announced on Dec. 16 a planned blockade on Venezuelan oil tankers.

“Who knows what that’s going to lead to? If there’s a real disruption, it might be a little bullish for the crude oil market, which could also support the grain market. You have the Supreme Court still yet to rule on tariffs,” he said. “If you took tariffs off, it would rally the market. It makes our farm products a little bit cheaper for the world. A lot of things could play out in the next few weeks.

“Before (2025), we just had tariffs on China. Now we have it on the world … We’re oversupplying the world. Countries are asking which one is the cheapest and that’s where they’ll go.”

The post CBOT Weekly: Grains, oilseeds down ahead of an uncertain 2026 appeared first on Grainews.

Statistics Canada released its December principal field crop estimates on Dec. 4, which projected record production for wheat in 2025-26. All wheat was pegged at 39.955 million tonnes, up from 36.624 million in 2024-25. Spring wheat production increased by 10.3 per cent at 29.259 million, while that for durum rose 11.8 per cent at 7.135 million.

The Canadian Grain Commission reported 654,900 tonnes of wheat exports for the week ended Nov. 30, up from 583,100 tonnes the previous week. So far this marketing year, 7.828 million were shipped compared to 6.911 million one year ago.

The U.S. Department of Agriculture released its supply/demand estimates on Dec. 9, keeping ending stocks steady at 901 million bushels in December.

Canadian Western Red Spring (CWRS) wheat was down C$5.10 to up C$7.20 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$244.70/tonne in southeast Saskatchewan to C$273.20 in southern Alberta.

Quoted basis levels ranged from between C$31.00 to C$59.60/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$0.7223), CWRS bids were from US$176.70 to US$197.40/tonne. Currency adjusted basis levels ranged from US$16.30 to US$36.90 below the futures. If the futures were converted to Canadian dollars, basis levels would be C$11.80 to C$26.70 below the futures.

Meanwhile, Canadian Prairie Red Spring (CPRS) prices lost C$5.70 to C$6.30 per tonne. The lowest average bid for CPRS was C$220.40 in southeast Saskatchewan, while the highest average bid was C$245.60 in southern Alberta.

The average prices for Canadian Western Amber Durum (CWAD) lost C$5.80 to C$10.50 per tonne with bids between C$267.50 in southwest Saskatchewan to C$281.80 in southern Alberta.

The March spring wheat contract in Minneapolis, which most CWRS contracts are based off of, was quoted at US$5.7625 per bushel on Dec. 9, down 4.5 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 contract was down six cents at US$5.27/bu.

The March Chicago soft red contract dropped 6.5 cents at US$5.3450/bu.

The Canadian dollar moved up 0.69 of a cent to close at 72.23 U.S. cents on Dec. 9.

The post Prairie Wheat Weekly: Western Canadian bids, U.S. futures down appeared first on Grainews.