Wheat Market Outlook

MARKET OUTLOOK – WHEAT Western Canadian cash wheat bids grabbed $2 per tonne week-over-week but remain in the trading range for cash values we have seen since late November. Producers continue to fill the system with wheat around these values as producer deliveries and exports continue at a steady pace. Exports were down week-over-week to some of the lowest values of the year. 224,000 tonnes (525,...

MARKET OUTLOOK – WHEAT Cash wheat bids across western Canada begin 2026 in a similar spot to where they ended out the late December trade. Similar cash bids are being shown to producers and producers have been willing to sell into these markets as exports continue to move out of the nation at a speedy pace. Strong export demand continues to entice product in the system at current levels. Western C...

MARKET OUTLOOK – WHEAT Cash markets in Saskatchewan pulled back at the start of last week on some weakness in futures, but as we enter the last few days of December, posted bids on stronger basis appear to be enticing grain into the system yet. This is showcasing relative strength for Canadian exportable wheat as the futures values have remained near their lows and with Minneapolis spring wheat se...

MARKET OUTLOOK - WHEAT Cash markets in Saskatchewan are pulling back slightly on posted bids although export pace remains steady. Basis has weakened from its mid-November peak but within the range of post-harvest levels. Strong export demand continues to entice product in the system at current levels. Globally, the wheat balance sheet looks heavier than it did just a few months ago but much of the...

Market Outlook – Wheat Cash markets in Saskatchewan are pulling back slightly from their late November peak. Basis has weakened slightly overthe past week but within the range of post-harvest levels. Strong export demand continues to entice product in the system. Globally, the wheat balance sheet looks heavier than it did just a few months ago but much of the increase in stocks has been anticipate...

MARKET OUTLOOK – WHEAT Cash markets in Saskatchewan are floating around their crop marketing year highs but appear to be sitting comfortable atthe values posted. Stronger basis and some support from futures have helped keep the markets higher. Strong export demand continues to entice product in the system. Globally, the wheat balance sheet looks heavier than it did just a fewmonths ago but much of...

MARKET OUTLOOK – WHEAT Cash markets in Saskatchewan are touching crop marketing year highs once again this past week for spring wheat. Stronger basis and some support from futures have helped keep the markets higher before pulling back slightly into the weekend. Strong export demand continues to entice product in the system. Globally, the wheat balance sheet looks heavierthan it did just a few mon...

MARKET OUTLOOK – WHEAT Cash markets in Saskatchewan were touching crop marketing year highs this past week for spring wheat. Stronger basis and some support from futures have helped bring the markets higher. Strong export demand has elevators working to keep the product in their system. The USDA WASDE tacked on more production to global wheat balance sheets but keep in mind the usage levels were r...

MARKET OUTLOOK – WHEAT Markets have recently bumped higher thanks to renewed Chinese demand in U.S. wheat. Trade rumours throughout the beginning of the week first sparked the markets interest and held steady once the word of the two cargos were secured. Argentinian and Australian harvest is underway, and the crops appear to be getting bigger vs smaller. Some reports that Argentina’s 22 mmt crop c...

MARKET OUTLOOK – WHEAT Markets leaving the contract lows a little further in the rearview mirror for Chicago and Kansas City wheat. Minneapolis wheat struggling to keep pace relative to Chicago and Kansas City. Overall, wheat markets continue to be fed new rhetoric towards larger crops. Argentinian and Australian harvest is underway, and the crops appear to be getting bigger vs smaller. Argentina’...

MARKET OUTLOOK – WHEAT Wheat markets picking up ground this week and leaving the contract lows a little further in the rearview mirror for Chicago and Kansas City wheat. Minneapolis wheat has its lows a littlecloser as new ones were set last week. Minneapolis wheat in Monday’s trade action at the close is also the weakest of the contracts, with Chicago and Kansas City up double digits while Minnea...

MARKET OUTLOOK – WHEAT Wheat futures markets still hover near their five-year lows and futures on the front month Minneapolis contract sit at $5.49 per bushel. The last time wheat futures were at this level was December of 2020. Kansas City and Chicago wheat finding a bit more ground recently, although contract lows remain very close in the rearview mirror. Wheat markets continue to be fed new rhe...

Market Outlook - Wheat Wheat futures markets still hover near their five-year lows and futures on the front month Minneapolis contract sit at $5.52 per bushel. The last time wheat futures were at this level was December of 2020. Wheat markets continue to be fed new rhetoric towards larger crops and the recent upgrades to Argentinian wheat production levels and anticipation that the Australian crop...

Oct. 6

Market Outlook – Wheat Wheat futures markets remain at levels not seen in around five years. New contract lows were made once again for both European and North American futures. Wheat markets have been digesting the larger crop sentiment for about a month now and there is a good understanding that the Australian and Argentinian crops will be of good quality. We have seen a stabilizing and even a s...

Market Outlook – Wheat Wheat futures markets to levels not seen in around five years. Wheat markets have been digesting the larger crop sentiment for about a month now and there is a good understanding that the Australian and Argentinian crops will be of good quality. We have seen a stabilizing and even a slight increase in global wheat bids from export locations and there is the rolling idea that...

Market Outlook – Wheat Wheat markets continue to grind near their contract lows on the futures markets and sit at levels which were previously seen in early 2021. Markets have a better understanding of wheat supplies now that the European, Black Sea, United States and Canadian crops are either off or close to wrappingup their harvest season. Recent USDA, Statistics Canada, ABARES and private repor...

Market Outlook - What to Watch with Wheat Wheat markets continue to grind near their contract lows on the futures markets and sit at levels seen back in early 2021. Markets have a better understanding of wheat supplies now that the European, Black Sea, United States and Canadian crops are either off or close to wrapping up their harvest season. The Australian crop looks favourable and has seen som...

Market Outlook – What to Watch with Wheat   Markets have a much better understanding of total global supplies in major regions vs just one month ago. Canadian and U.S. wheat harvest will be off shortly, EU and Russian crop sizes well understood as well. After the North American crop is off there will be a few key southern hemisphere players. Australian crop prospects have improved significantly si...

Market Outlook - What to Watch with Wheat North American Spring Wheat harvest A dry stretch of weather in the Prairie provinces is expected this week which will help push crop maturity as we begin the last week of August. The U.S. crop is over half off and the story will be well-known on the crop shortly. Limited issues arising so far in the North Dakota, Montana and Minnesota crop leaving few sur...

Aug 18

Aug 11

Global wheat values have been trading mostly lower in recent weeks due to harvest pressure and lack of any bullish market stories that could essentially change the markets overall sentiment on the current situation. All eyes are on the Western Canadian crop for Durum.  The crop size and quality will be very closely watched and will influence market direction. Export demand is anticipated to be low...

According to Mercantile, futures markets remain under seasonal pressure. Global crops remain large, but Mercantile says slow harvest progress and limited farmer selling is driving a wedge between futures and cash prices. Given the various quality issues in Europe and the premium in cash markets over futures markets, Mercantile would hold sales for now.

According to Mercantile, the concerns about the protein content of French wheat in the wheat market remainin place, and Balkan wheat hit season highs due to strong demand by both EU and non-EU destinations. In Russia, Mercantile says values continued to rise within ongoing yield and quality concerns in the south, a slow harvest and strongfarmer retention. Mercantile continues to watch theweather/c...