wheat basis Archives

Wheat basis levels improve, futures stay bearish

By GFM Network News September 16, 2015

CNS Canada –– Canada’s spring wheat basis has hit fresh highs to spur producer selling, but overall the market remains bearish. “It does seem kind of counterintuitive to see cash prices strengthening right during harvest,” said Brenda Tjaden Lepp, co-founder of FarmLink Marketing Solutions in Winnipeg. Over the past week, quoted basis levels for Canada […] Read more

Cereals, Crops, Markets, Spring Wheat, Winter Wheat

U.S. wheat futures seen stalling

By GFM Network News July 2, 2015

CNS Canada –– U.S. wheat futures posted solid gains over the month of June but appear to be stalling out in the early days of July as the market looks for more fresh supportive news. “The bull needs to be fed every day, and right now it’s not getting anything to keep it going,” said […] Read more

Crops, Markets, Spring Wheat, Winter Wheat

Prairie wheat bids rise with improving basis

By GFM Network News May 25, 2015

CNS Canada –– Cash bids for Canadian wheat were stronger during the week ended Friday, as basis levels improved. A firmer tone in U.S. wheat futures was also supportive. Average Canada Western Red Spring (CWRS) wheat prices were C$6-$12 per tonne higher, with bids ranging from about $204 per tonne in north-central Saskatchewan to $223 […] Read more

Cereals, Columns

Farmers need a simpler grain pricing system

Building U.S. currency conversions into the basis complicates price comparisons. There may be a simpler way  

By Brian Wittal May 15, 2015

Since my last two articles on wheat basis calculations I have had some interesting conversations with producers and industry people alike. One call in particular from a gentleman who works in the grain industry in Eastern Canada was very enlightening. Apparently my article was forwarded to him by one of his co-workers at a facility […] Read more

Cereals, Columns

Understanding today’s wheat basis

It’s not always simple to calculate the true basis these days. Here’s an example

By Brian Wittal April 23, 2015

In my previous article I was remiss in detailing the fact that there are costs for freight, elevation and handling that must be accounted for within the wheat basis that the grain companies post. To clarify a few things I am going to do a complete calculation of price, costs and basis levels starting with […] Read more

Columns, Crops

Currency and the wheat basis

Grain companies are blending their currency conversions into the wheat basis.  For western Canadian farmers, this is not pricing transparency at its best

By Brian Wittal March 17, 2015

As I explained in my last article maybe we aren’t being ripped off with the wheat basis, but it looks to me like we are being misled (ripped off) with the currency conversion being calculated within the basis! Let me expand on this with some numbers and facts so that you can decide what transparency […] Read more

Cereals, Columns

Is the wheat basis a fair deal for farmers?

Changing basis levels at local elevators can leave farmers wondering if today’s markets are working fairly or not. Learn more about what you can learn from basis

By Brian Wittal March 2, 2015

With current wheat basis levels, are we being ripped off? This is a question many farmers have asked over the past couple of years, since the demise of the Canadian Wheat Board as a central marketing agency, and even more so this last year when we saw basis levels go to historically wide levels due […] Read more

Alberta crop conditions improve: report

U.S. grains: Corn sets contract lows on expectations for big US crop

U.S. livestock: Cattle strength continues

GFM Network News

Alberta crop conditions improve: report

U.S. grains: Corn sets contract lows on expectations for big US crop

U.S. livestock: Cattle strength continues

Tag Archives wheat basis

Wheat basis levels improve, futures stay bearish

U.S. wheat futures seen stalling

Prairie wheat bids rise with improving basis

Farmers need a simpler grain pricing system

Understanding today’s wheat basis

Currency and the wheat basis

Is the wheat basis a fair deal for farmers?

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