
Kevin Hursh compares current Prairie grain bids with Saskatchewan Crop Insurance Corp. price expectations set at the end of 2024. Canola bids are more than $1 per bushel above the SCIC price of $13.50, while hard red spring wheat bids are below the $7.74 SCIC level.
Durum and feed barley bids are above their insurance benchmarks.
Weaker wheat bids relative to insurance expectations point to softer Canadian wheat values, while firm canola and barley bids support those markets.
Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.