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Prairie cash wheat: Bids trend lower with U.S. futures

MarketsFarm — Spring wheat bids in Western Canada moved lower during the week ended Friday, as losses in U.S. futures more than countered the supportive influence of the weakening Canadian dollar. Seasonal harvest pressure contributed to the declines, as the U.S. winter wheat harvest progressed northward. Average Canada Western Red Spring (CWRS, 13.5 per cent […] Read more



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Prairie cash wheat: Prices take a hard hit

MarketsFarm — Wheat prices on the Canadian Prairies were down hard for the week ended Thursday. Canada Western Red Spring (CWRS), Canada Prairie Spring Red (CPSR) and Canada Western Amber Durum (CWAD) wheats incurred sharp losses as prices tumbled in U.S. markets. Additional pressure came from Statistics Canada’s report on planting intentions for 2022-23. The […] Read more

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Prairie cash wheat: Bids firm as loonie falls

MarketsFarm — Spring wheat bids in Western Canada moved higher during the week ended Thursday, as heavy losses in the Canadian dollar more than countered the bearish influence of weakening U.S. futures. Average Canada Western Red Spring (CWRS, 13.5 per cent protein) wheat prices were up by $4.50-$7.40 per tonne during the week ended Thursday, […] Read more



CBOT July 2022 soft red wheat (candlesticks) with 50-day moving average (black line), MGEX July 2022 spring wheat (yellow line) and K.C. July 2022 hard red wheat (orange line). (Barchart)

U.S. grains: Wheat eases on harvest pressure

Nearby corn firms, July soybeans also lower

Chicago | Reuters — U.S. wheat futures ended lower on Wednesday, led by K.C. hard red winter wheat, as the harvest progressed and forecasts signalled continued dry weather for combines rolling in the southern Plains, traders said. Corn futures closed mixed, with strong domestic cash markets supporting nearby July futures on the Chicago Board of […] Read more



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Prairie cash wheat: Talk of Black Sea corridor weighs on week’s bids

MarketsFarm — The prospect of Russia allowing food shipments to leave Ukraine — albeit with a few concessions — was the key factor in declining bids for western Canadian wheat during the week ended Thursday. Russian Deputy Foreign Minister Andrei Rudenko on Wednesday said his country is ready to provide a humanitarian corridor in the […] Read more