Western Canadian cash prices for spring wheat and amber durum made small gains during the week ended Feb. 20. Support came from higher prices in the United States wheat complex, but a stronger Canadian dollar limited the increases
Chicago Board of Trade soybean futures rose on Thursday, recouping losses from the previous session with support from lingering concerns about poor crop weather in South America, analysts said.
There won't be a whole lot of movement of feed grains on the Canadian Prairies any time soon, stated Darcy Haley, vice-president of Ag Value Brokers in Lethbridge. He said not only are the end-users overbooked, but the relentless uncertainty over tariffs continues to dominate the cattle industry across Western Canada.
The International Grains Council (IGC) has cut its forecast for 2024/25 global corn production, largely reflecting a diminished outlook for crops in Brazil and Argentina.
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