by Sask Wheat
Sask Wheat's weekly wheat market outlook analyzes domestic and global factors that impact wheat prices and market access for Saskatchewan wheat producers. Marlene Boersch of Mercantile Consulting provides a weekly overview of the wheat market summary.
Language
🇺🇲
Publishing Since
3/8/2021
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April 22, 2025
<p>Apr. 21</p>
April 14, 2025
<p>According to Mercantile, weakness of the U.S. dollar should help support U.S. sales, but demand continues to be slow. The attention of the trade will continue to turn towards new crop conditions and weather in the Northern Hemisphere. Mercantile is hearing of some strong targets being rewarded. If 75 per cent sold old crop, Mercantile would hold additional wheat sales for the present.</p>
April 7, 2025
<p>According to Mercantile, dryness in the U.S. winter wheat belt is supportive, but politics are weighing on U.S. futures. Mercantile adds that Canada is well positioned to service additional demand if buyers (especially from Asia) choose to switch from the U.S. in retaliation to the U.S. tariffs. Canadian cash prices should remain strong in Mercantile’s opinion, but this might have to come from stronger basis levels if U.S. futures remain depressed. Mercantile expects markets to remain volatile with Trump as president. Mercantile would continue to hold sales for now.</p>
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