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Western Canadian cash wheat bids were mixed for the week ended April 2, with Canada Western Red Spring averaging about $225 to $242 per tonne. Lower US futures and a weaker Canadian dollar offset gains in several Prairie regions, and durum prices rose.
Lower US futures and a weaker loonie pressure Canadian wheat values, although the mixed local moves show limited directional conviction. Feed buyers in Canada should see little net change in wheat costs.
grainews.caGFM Network NewsApr 3, 2020Not 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.
