Hard red spring wheat bids in Western Canada found some strength during the week ended May 22, as gains in the United States futures more than countered the bearish influence of a rising Canadian dollar.
Wheat bids rise across Western Canada
U.S. grains: Chicago wheat futures dip as short-covering rally fades
Chicago wheat futures fell on Thursday as a short-covering rally earlier this week that took prices to a one-month peak petered out, with traders seeing limited threats to Northern Hemisphere crops despite adverse weather concerns.
Spring seeding entering final stretch in Saskatchewan
Seeding operations are nearing their final stages in Saskatchewan, with 72 per cent of intended acres in the ground as of May 19, according to the latest provincial crop report. That was up 23 points from the previous week and compares with the five-year average of 60 per cent done.
IGC raises 2025/26 world corn crop forecast
The International Grains Council (IGC) on Thursday raised its forecast for 2025/26 global corn production, driven partly by a slight upward revision in the outlook for Brazil's crop.
Early planting could result in above-average corn yields in North America
Carryout stocks for old crop remain tight in U.S., making it most competitive on world market
Optimal conditions for planting could mean a record corn crop in the United States.
AAFC ups canola exports, but leaves ending stocks unchanged
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Canadian canola exports in 2024/25 will be at least a million tonnes above earlier projections, but ending stocks remain to be seen as Agriculture and Agri-Food Canada had to make some creative calculations in their latest supply/demand report.
U.S. grains: Chicago wheat futures prices surge amid weaker dollar, short-covering
Chicago wheat futures extended gains on Wednesday, at one point rising to a one-month high, amid support by a weaker dollar and short-covering encouraged by production concerns, market analysts said.
U.S. grains: Wheat extends rally on crop rating drop, Chinese heat wave concerns
Chicago Board of Trade wheat futures surged to a two-week high on Tuesday, as a weaker dollar and an unexpected decline in U.S. crop ratings encouraged more short-covering after prices hit a five-year low last week.
U.S. grains: Wheat stumbles on improved harvest prospects; soy steadies
Chicago wheat futures moved lower on Friday as traders weighed improved yield prospects in the U.S. Plains, though brisk export demand limited losses, traders said.
CWRS bids weaken, but basis improves
Hard red spring wheat bids in Western Canada moved lower during the week ended May 15, as losses in the United States futures weighed on values. However, weakness in the Canadian dollar was supportive and basis levels improved.
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