Wheat bids in Western Canada were mixed for the week ended Oct. 19 with only small changes, as the stalled harvest across the Prairies was able to start up again following weeks of cold and wet weather. Average Canada Western Red Spring (13.5% CWRS) wheat prices were up slightly, rising by less than a dollar […] Read more
Ashley Robinson
Stories by Ashley Robinson
Alberta feed market flooded with grain
Feed grain prices in Alberta have come down as producers have rushed to sell downgraded crops. “Last week the phones were blowing up…right now I think we’re seeing some better weather, so everyone’s outside and the phones are probably going to light up again next week,” said Nelson Neumann, grain trader with Agfinity in Stony […] Read more
Canola market not expected to rally in near term
The canola market see-sawed during the week ended Oct. 19 with the overall trend being to the downside as farmers were able to get back into the fields and deliveries picked up pace. From day-to-day the market would bounce from the red to the green. However, days in the green weren’t regaining the losses from […] Read more
Canola and wheat finish stronger
The ICE Futures canola platform were stronger at market close following yesterday’s drop, as the market finished the week in its see-saw pattern. However, unlike the rest of the week the canola market was able to regain its losses from the previous day, breaking the downward trend of the week. Chicago Board of Trade (CBOT) […] Read more
Canola rebounds, wheat futures down
Chicago Board of Trade (CBOT) soybeans contracts finished the day mixed, with values jumping around in the final few minutes of trade. Soyoil contracts were weaker, while meal contracts were higher. It is expected the canola market will continue to bounce around in trade day-to-day as nicer weather allows farmers to make some harvest progress […] Read more
ICE canola trends lower as farmers sell and harvest
The ICE canola market will bounce around in trade for the foreseeable future with the overall trend being downward, according to an analyst. “We’re just going to continue to migrate lower. They are going to be up days because nothing goes down forever,” said Wayne Palmer, senior market analyst with Exceed Grain. Over the last […] Read more
Dropping dollar pushes Prairie wheat bids higher
Wheat bids in Western Canada were higher for the week ended Oct. 12, taking support from a weaker Canadian dollar. Average Canada Western Red Spring (13.5% CWRS) wheat prices were up by C$11 to C$13 per tonne, according to price quotes from a cross-section of delivery points compiled by PDQ (Price and Data Quotes). Average […] Read more
Soybean rally pulls up canola
WINNIPEG – The ICE Futures canola platform closed higher, finding spillover support from the rallying soybean market. Chicago Board of Trade soybeans, oil and meal contracts were all stronger. There are reports that two ships filled with United States soybeans departed for China last week, showing that buyers may be getting desperate despite the ongoing […] Read more
Trade certainty doesn’t mean higher loonie
Even with more certainty around trade with the United States, Canadians shouldn’t expect to see the dollar flying in value. “It’s hard for me to see the Canadian dollar gain value against the U.S. dollar in the short term, unless the Bank of Canada totally revises its stance towards interest rates,” said J.P. Gervais, chief […] Read more
Traders thinking soybean yields less than what USDA predicting
Winnipeg – After the wet weather that the United States Midwest has experienced lately, traders aren’t exactly sold on the latest numbers from the U.S. Department of Agriculture (USDA). “We’re getting a lot of calls in and people talking about their beans are losing yield left and right, because the pods are splitting, beans are […] Read more
