CNS Canada — Cash spring wheat bids across Western Canada improved during the week ended Friday, with prices receiving support from dry weather conditions in Alberta and Saskatchewan. Weakness in the Canadian dollar, which fell from the US80-cent mark to the mid-77-cent range between April 29 and Friday, added to the upside. Depending on the […] Read more
Tag Archives wheat markets — page 4
Prairie spring wheat bids rise with dry weather
Minneapolis leads U.S. wheat futures trifecta
CNS Canada — Minneapolis wheat prices are gaining on those at other U.S. futures markets, as traders expect reduced acres this year. But the opposite is true for the Kansas City exchange as the expectation of high production weighs, and Chicago markets are moving on technical trading. Minneapolis Grain Exchange — “We’re keeping an eye […] Read more
Prairie spring wheat bids drop as loonie rises
CNS Canada –– Cash spring wheat bids across Western Canada moved lower during the week ended Friday, as the strengthening Canadian dollar cut into basis levels. Average Canada Western Red Spring (CWRS) wheat prices were down by about $5-$7 per tonne over the course of the week, according to price quotes from a cross-section of […] Read more
Prairie spring wheat bids rise with U.S. futures
CNS Canada –– Cash spring wheat bids across Western Canada moved higher during the week ended Monday, as gains in U.S. futures and continued weakness in the Canadian dollar both provided support. Average Canada Western Red Spring (CWRS) wheat prices were up by C$3-$6 per tonne during the week, according to price quotes from a […] Read more
Prairie wheat bids up as basis improves
CNS Canada — Cash wheat bids across Western Canada moved higher during the week ended Friday, as basis levels showed some improvement at most locations. Average Canada Western Red Spring (CWRS) wheat prices were up by C$7-$8 per tonne on average across the three Prairie provinces, according to price quotes from a cross-section of delivery […] Read more
Prairies see high-protein wheat crop, but few premiums
CNS Canada –– Every year is a different story for wheat crop quality and protein levels — but the saturation of high-protein wheat in the market may mean fewer premiums for Prairie growers this year. The premium price for high-protein wheat has eroded to the point where there’s a shift from grain companies in the […] Read more
Prairie cash wheat bids mixed
CNS Canada –– Canada Western Red Spring (CWRS) wheat cash bids across Western Canada were steady to slightly lower during the week ended Friday, while Canada Prairie Spring Red (CPSR) bids were mixed. Average CWRS wheat prices were steady to C$3 per tonne lower across the three Prairie provinces, according to price quotes from a cross-section […] Read more
‘Nothing bullish’ in wheat futures
CNS Canada — U.S. wheat futures have moved steadily lower since the beginning of July, and appear poised for more losses as there is little supportive news in the market. “There’s just nothing bullish in the wheat market at the moment,” said Adam Knosalla of Frontier Futures in Minneapolis. He added that “down is the […] Read more
Wheat near done flowering, prices could also bloom
CNS Canada –– Weather-related issues ranging from floods to drought have been putting wheat crops at risk globally, bringing potential for prices to move higher. Traders are watching to see how the crop in Canada will shape up, given recent dryness in the West, according to Jonathon Driedger, senior market analyst at FarmLink Marketing Solutions. […] Read more
Canada may have already passed peak gluten-free
CNS Canada –– Increased demand by Canadians for gluten-free products had an impact on the wheat industry, leading reduced sales and experiments with new ways to feed the market. Now, industry specialists have mixed opinions on the future of gluten-free. Almost a third of Canadians, 10 million people, are seeking out gluten-free products, according to […] Read more
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