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/ Price Assessments

Platts Canadian Wheat Assessments

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Agriculture Price Assessments

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What are Platts Canadian Wheat Assessments?
Platts CWRS Wheat FOB Vancouver assessment by S&P Global Commodity Insights is the daily price benchmark for No. 2 Canada Western Red Spring wheat with a protein content of 13.5%. The assessment reflects partial cargoes to full Panamax cargoes shipped from the port in Vancouver.
Canadian Wheat Assessments Heards
May 17 2024

CWRS Wheat: HEARD: FOB-Vancouver,13.5% Protein,July,Ind. Value,Basis vs. MWN,95 cents/bu,cargo


CWRS Wheat: HEARD: FOB-Vancouver,13.5% Protein,August,Ind. Value,Basis vs. MWU,95 cents/bu,cargo


CWRS Wheat: HEARD: FOB-Vancouver,13.5% Protein,45-60 Days Forward,Ind. Bid,Basis vs. MWU,82 cents/bu,cargo


CWRS Wheat: HEARD: FOB-Vancouver,13.5% Protein,September,Ind. Value,Basis vs. MWZ,90-95 cents/bu,cargo


CWRS Wheat: HEARD: FOB-Vancouver,13.5% Protein,45-60 Days Forward,Ind. Offer,Basis vs. MWU,92 cents/bu,cargo


CWRS Wheat: HEARD: FOB-Vancouver,13.5% Protein,60-75 Days Forward,Ind. Offer,Basis vs. MWU,92 cents/bu,cargo


CWRS Wheat: HEARD: FOB-Vancouver,13.5% Protein,30-45 Days Forward,Ind. Offer,Basis vs. MWN,120 cents/bu,cargo


CWRS Wheat: HEARD: FOB-Vancouver,13.5% Protein,30-45 Days Forward,Ind. Bid,Basis vs. MWN,110 cents/bu,cargo


CWRS Wheat: HEARD: FOB-Vancouver,13.5% Protein,60-75 Days Forward,Ind. Bid,Basis vs. MWU,82 cents/bu,cargo


Platts Wheat, Offer: CFR Indonesia, CWRS (13.5%), Jul, Offer at $low 330s/mt, PMX


Platts Wheat, Offer: CFR Indonesia, CWRS (13.5%), Jul, Offer at $low 340s/mt, Container


May 16 2024

Platts Wheat, Offer: CFR Indonesia, CWRS 2 (13.8%), Jun/Jul, Offer at $low 340s/mt, Container


May 14 2024

CWRS Wheat: HEARD: FOB-Vancouver,13.5% Protein,September,Ind. Offer,Basis vs. MWZ,90 cents/bu,cargo


CWRS Wheat: HEARD: FOB-Vancouver,13.5% Protein,August,Ind. Offer,Basis vs. MWU,100 cents/bu,cargo


CWRS Wheat: HEARD: FOB-Vancouver,13.5% Protein,October,Ind. Offer,Basis vs. MWZ,100 cents/bu,cargo


CWRS Wheat: HEARD: FOB-Vancouver,13.5% Protein,August,Ind. Offer,Basis vs. MWU,95 cents/bu,cargo


CWRS Wheat: HEARD: FOB-Vancouver,13.5% Protein,July,Ind. Offer,Basis vs. MWU,100 cents/bu,cargo


CWRS Wheat: HEARD: FOB-Vancouver,13.5% Protein,October,Ind. Offer,Basis vs. MWZ,90 cents/bu,cargo


May 10 2024

CWRS Wheat: HEARD: FOB-Vancouver,13.5% Protein,July,Ind. Value,Basis vs. MWN,105 cents/bu,cargo, heard before market close


CWRS Wheat: HEARD: FOB-Vancouver,13.8% Protein,July-August loading,Trade, MAFF,Basis vs. MWU,85-90 cents/bu,cargo


Platts Wheat, Value: CFR Indonesia, CWRS (13.5%), Jul, Value at $330/mt, PMX


May 08 2024

CWRS Wheat: HEARD: FOB-Vancouver,13.5% Protein,August,Ind. Offer,Basis vs. MWU,100 cents/bu,cargo


CWRS Wheat: HEARD: FOB-Vancouver,13.5% Protein,September,Ind. Offer,Basis vs. MWZ,90 cents/bu,cargo


CWRS Wheat: HEARD: FOB-Vancouver,13.5% Protein,July,Ind. Offer,Basis vs. MWU,100 cents/bu,cargo


Platts Wheat, Offer: CFR Thailand, CWRS (13.5%), Jun/Jul, Offer at $330/mt, Container

Canadian Wheat Assessments Commentary

  • Futures end week lower
  • Basis falls on weak demand


Platts Canadian Western Red Spring Wheat FOB Vancouver basis values were heard lower on May 17 against falling demand.

The Minneapolis Grain Exchange spring wheat July futures contract settled the session 9.25 cents/bushel lower at $7.115/bu. Futures closed lower for the fourth consecutive session and ended the week with a net loss of 8.5 cents/bu. Futures lacked supportive news to hold early week increases and technical selling weighed on values.

Weekly Canadian grain export data showed 493,800 mt shipped in the week ended May 12, down 18% from the previous week, according to Canadian Grain Commission data released after the close on May 16.

FOB Vancouver CWRS basis values continued their downtrend with bid-offer ranges heard 10 cents/bu lower across the board compared to the previous session.

Demand has been weak for fresh export sales and saw little activity when futures were trending higher. Farmers had already made significant sales volumes and were less price sensitive as they looked forward to new crop prospects.

“Sometimes price doesn’t matter at that time of year, it’s just a matter of emptying out the bins to make space,” a source said. “As long as things are still profitable.”

Platts is part of S&P Global Commodity Insights.

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