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Saskatchewan average cash price for No. 1 CWRS wheat dipped $1.44 per tonne for the week ending January 22, the first drop in seven weeks. Canola cash bids fell $2.04 per tonne while the March futures rose, widening the cash basis.
Weakening cash basis for wheat and canola signals softer Prairie cash demand despite a stronger Canadian dollar, which is bearish for local cash values even as futures hold up.
dtnpf.comCliff JamiesonJan 23, 2020Not enough comparable past events yet for a historical read.
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.
