Western Canadian export wheat bids picked up $2 per tonne week-over-week at the port and seeing some similar strength at inland locations. Bids have been relatively flat with basis improvements being thrown at producer bids to entice product into the system when needed. The markets are watching if cold weather in the United States and Black Sea wheat production regions will threaten any crop conditions in these areas. The market sits comfortably for the time being but will keep its focus onto winter wheat conditions in the Black Sea, European Union and United States. Aside from this, demand drive is what the market will need to see to chew away at some of the increased stocks that have ended up on the global balance sheet. As for Western Canadian wheat values, we are anticipating a neutral outlook for the coming weeks ahead as we currently sit in a demand driven market and global supplies have grown as Australia and Argentina wrapped up their harvest. Producers will want to pencil Feb. 6, 2026, Stocks of Principal Field Crop Report into their calendars. The report will be the next large fundamental CDN data available for markets to trade upon and is just on the horizon. Canadian wheat has been doing a good job at maintaining its competitiveness in the global market and will need to do so to move out our larger inventories. The gap between USA and CDN West Coast bids narrowed week-over-week.
Price outlook overall for the crop appears relatively flat as has been for much of the marketing year for western Canadian producers. Algeria’s tender for durum helps chew up a few more tonnes of Canadian durum. Stocks are higher than the year prior in Canada / globally and exports are strong vs where anticipations were at the beginning of the season. Turkey has turned into a net importer of durum grain, and we will need to see how demand into some of our key players forecasts out. Markets are focused on how Canadian and global ending stocks will shake out for durum and, plus how the North African and Mediterranean, European crop prospects appear over the coming months. As of right now, all reports show favorable conditions for the cropping regions. Markets remain in a demand driven market. With limited production news to send market in either direction.
If readers are interested in a comprehensive listing of 2026 major report release dates. Follow the link attached. https://exceedgrainmarketing.com/2026-global-major-report-release-calendar/
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