MarketsFarm — Bids for Canada Western Red Spring (CWRS) wheat were mixed for the week ended Aug. 10, while those for Canada Prairie Spring Red (CPSR) and durum were on the rise. Scattered showers brought moisture across the Prairies, but attention has now turned to harvesting a wheat crop greatly affected by hot and dry […] Read more
Tag Archives k.c. wheat — page 12
Prairie cash wheat: Bids run mixed to higher
Domestic wheat yields now a question mark
Net short position nearly gone in canola
Traders still net short in CBOT wheat, corn
MarketsFarm — Speculative traders continue to exit their bearish bets in canola, with the net short position dipping below 4,000 in the latest Commitments of Traders report from the U.S. Commodity Futures Trading Commission (CFTC). As of July 11, the net managed money short position in canola futures came in at 3,899 contracts (34,124 short, […] Read more
Fund short position hits six-month low in canola
CBOT soybeans show reduced net long
MarketsFarm — The speculative short position in ICE Futures canola fell to its smallest level in six months at the beginning of July, as fund traders covered short positions and put on some new longs. That’s according to the latest Commitments of Traders report from the U.S. Commodity Futures Trading Commission (CFTC). As of July […] Read more
Prairie cash wheat: Weather, rising futures lift bids
Dry weather persisted for much of Prairies
MarketsFarm — Dry weather for most of the Prairies, as well as rising wheat prices in the U.S., lifted western Canadian wheat bids, some to more than $400 per tonne, for the week ended July 6. With the exception of thunderstorms and sporadic precipitation in Alberta, dryness persisted across much of the Prairies, albeit with […] Read more
Prairie cash wheat: Canadian bids drop with U.S. futures
Canadian dollar also down on week
MarketsFarm — Spring wheat bids in Western Canada dropped sharply during the week ended Thursday, as a selloff in U.S. futures weighed on values. Average Canada Western Red Spring (CWRS, 13.5 per cent protein) wheat prices were down by $23.50-$25.40 per tonne across the Prairies, according to price quotes from a cross-section of delivery points […] Read more
Net short drops in canola as funds cover positions
Traders expand net longs in soy, corn
MarketsFarm — Speculative traders were busy covering short positions in ICE Futures canola during the week ended June 20, taking the net short position in the market to its smallest level in four months, according to the latest Commitments of Traders report from the U.S. Commodity Futures Trading Commission (CFTC). As of June 20, the […] Read more
Prairie cash wheat: Spring wheat vaults higher, durum nudges up
U.S. wheat futures, Canadian dollar up on week
MarketsFarm — Spring wheat prices on the Canadian Prairies experienced sharp upticks while gains for durum were much more subdued. A drop in U.S. wheat ratings fueled the upswing in wheat prices, as dry conditions took further hold with approximately 15 per cent of U.S. spring wheat now in drought. While that’s up four points […] Read more
Prairie cash wheat: Spring wheat bids higher, durum down
Not much rain outside northern, central Alberta
MarketsFarm — Warmer-than-normal temperatures and ongoing dryness in both Western Canada and the U.S. helped raise Prairie wheat bids for the week ended Thursday. Rains fell onto parts of northern and central Alberta on Thursday, but the rest of the Prairies only saw sporadic showers, if any, during the week. Traders on the Chicago Board […] Read more
Prairie cash wheat: Hard red spring wheat bids rise
MGEX wheat rally offsets rising loonie
MarketsFarm — Spring wheat bids in Western Canada were mostly higher during the week ended Thursday, as a rally in Minneapolis spring wheat futures countered the bearish influence of a rising Canadian dollar. Average Canada Western Red Spring (CWRS, 13.5 per cent protein) wheat prices were up by $8.80-$10.70 per tonne across the Prairies, according […] Read more
Fund traders add to bearish bets in canola
Funds also net short in MGEX and CBOT wheat, corn
MarketsFarm — Speculative fund traders added to their net short position in canola during the week ended May 30, putting on more bearish bets while also liquidating some previous longs, according to the latest Commitments of Traders report from the U.S. Commodity Futures Trading Commission (CFTC). As of May 30, the net managed money short […] Read more
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