Spring wheat bids in Western Canada were mixed during the week ended Feb. 23 as choppy activity in the United States futures spilled into the cash market.
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Prairie wheat bids mixed as choppy futures trend lower
Wheat futures tested fresh contract lows
CBOT weekly outlook: Corn acres could drop further says strategist
Lower prices blamed on funds, 'too much farmer ownership'
Corn acres in the United States may end up even lower than early expectations if the market remains under pressure, according to an analyst.
Prairie wheat weekly outlook: Weaker U.S. futures drag Western Canadian wheat bids
Cheaper Russian wheat exports also dragged global wheat prices down
United States wheat futures hit new contract lows and pressured Western Canadian wheat bids during the week ended Feb. 15.
CBOT weekly outlook: Bearish picture for commodities
Prices may not go much lower given the commodities have hit contract lows, says analyst
Ahead of the United States Department of Agriculture Outlook Forum, analyst Bryan Strommen of Progressive Ag in Fargo, N.D. painted a rather bearish picture for the commodity markets. However, he noted that prices might not go much lower given the commodities have hit contract lows.
Earlier-than-early seeding
These farmers use soil temperature, rather than the calendar, to time seeding wheat
Not long ago, brothers Matthew and Farley Gould, who farm in east-central Alberta, had no idea of the resiliency of wheat seedlings against adverse growing conditions. But over the past three growing seasons they’ve seeded part of their hard red spring wheat crop early. How early? Soil temperatures have barely thawed, and germinated seedlings have […] Read more
Argentina wheat harvest ends up 24 per cent year over year
Low prices dent economic impact
Argentine farmers have closed the 2023/24 wheat campaign with a harvest of 15.1 metric tons, slightly lower than initially hoped for but up nearly a quarter versus the drought-hit previous season, the Buenos Aires grains exchange said on Tuesday.
Prairie wheat weekly outlook: U.S. futures raise Western Canadian bids
Total wheat production expected to increase to 33.3 million tonnes; total wheat carryout to 4.2 million
The relatively low prices created some interest in the export market. The U.S. Department of Agriculture (USDA) reported net wheat export sales of 451,400 tonnes in its weekly report on Jan. 25, down 36 per cent from the previous week but up 45 per cent from the four-week average. Recent severe cold weather in the northwestern U.S. Plains may have also caused some crop damage.
Western Canadian wheat bids trend down with U.S. futures
Canadian dollar weakened relative to U.S. counterpart
Spring wheat bids in Western Canada continued to trend lower during the week ended Jan. 18, as a move to contract lows in the United States futures weighed on values and countered support from a weaker Canadian dollar.
Irrigators warned to watch for bacterial outbreaks in cereals
Bacterial leaf streak is already an issue for Alberta and the U.S. Plains
Saskatchewan irrigators can consider themselves warned: look out for bacterial leaf streak. Gursahib Singh, research director of the Irrigation Crop Diversification Corp. (ICDC), presented to 200 members of the irrigation industry at the Irrigation Saskatchewan conference on Dec. 5 in Saskatoon. Bacterial leaf streak is so far not a problem in Saskatchewan, but has been […] Read more
Wheat quality excellent in 2023 despite the year
Crops grade No. 2 or better with average to above-average protein
“Challenging growing conditions” on the Prairies in 2023 somehow produced a Canadian wheat crop within the five-year average for tonnage, average to above-average protein content and “excellent” quality. That about sums up the New Wheat Crop Report from Cereals Canada, released Nov. 21, describing what growers already knew: how below-average temperatures initially delayed seeding in […] Read more