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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 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


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


May 07 2024

CWRS Wheat: HEARD: FOB-Vancouver,13.5% Protein,August,Ind. Offer,Basis vs. MWU,110 cents/bu,cargo


May 02 2024

CWRS Wheat: HEARD: FOB-Vancouver,13.5% Protein,45-60 Days Forward,Ind. Offer,Basis vs. MWN,125 cents/bu,cargo


CWRS Wheat: HEARD: FOB-Vancouver,13.5% Protein,45-60 Days Forward,Ind. Bid,Basis vs. MWN,115 cents/bu,cargo


CWRS Wheat: HEARD: FOB-Vancouver,13.5% Protein,60-75 Days Forward,Ind. Bid,Basis vs. MWN,115 cents/bu,cargo


CWRS Wheat: HEARD: FOB-Vancouver,13.5% Protein,60-75 Days Forward,Ind. Offer,Basis vs. MWN,125 cents/bu,cargo


CWRS Wheat: HEARD: FOB-Vancouver,13.5% Protein,30-45 Days Forward,Ind. Bid,Basis vs. MWN,130 cents/bu,cargo


CWRS Wheat: HEARD: FOB-Vancouver,13.5% Protein,30-45 Days Forward,Ind. Offer,Basis vs. MWN,140 cents/bu,cargo


May 01 2024

CWRS Wheat: HEARD: FOB-Vancouver,13.5% Protein,30-45 Days Forward,Ind. Bid,Basis vs. MWN,130 cents/bu,cargo


CWRS Wheat: HEARD: FOB-Vancouver,13.5% Protein,60-75 Days Forward,Ind. Offer,Basis vs. MWN,125 cents/bu,cargo


CWRS Wheat: HEARD: FOB-Vancouver,13.5% Protein,45-60 Days Forward,Ind. Offer,Basis vs. MWN,125 cents/bu,cargo


CWRS Wheat: HEARD: FOB-Vancouver,13.5% Protein,45-60 Days Forward,Ind. Bid,Basis vs. MWN,115 cents/bu,cargo


CWRS Wheat: HEARD: FOB-Vancouver,13.5% Protein,30-45 Days Forward,Ind. Offer,Basis vs. MWN,140 cents/bu,cargo


CWRS Wheat: HEARD: FOB-Vancouver,13.5% Protein,60-75 Days Forward,Ind. Bid,Basis vs. MWN,115 cents/bu,cargo


CWRS Wheat: HEARD: FOB-Vancouver,13.5% Protein,30-45 Days Forward,Ind. Bid,Basis vs. MWN,130 cents/bu,cargo


CWRS Wheat: HEARD: FOB-Vancouver,13.5% Protein,30-45 Days Forward,Ind. Offer,Basis vs. MWN,140 cents/bu,cargo


April 30 2024

CWRS Wheat: HEARD: FOB-Vancouver,13.5% Protein,August,Ind. Value,Basis vs. MWU,125 cents/bu,cargo


CWRS Wheat: HEARD: FOB-Vancouver,13.5% Protein,September,Ind. Value,Basis vs. MWU,130 cents/bu,cargo

Canadian Wheat Assessments Commentary

  • Futures extend rally
  • Export market quiet for nearby period


Platts Canadian Western Red Spring Wheat FOB Vancouver basis values hold steady against surging futures prices on May 13.

The Minneapolis Grain Exchange Spring wheat July figures contract increased 18.25 cents/bushel on the day to settle at $7.3825/bu which was the highest close of the 2024 calendar year. Wheat prices were already trending higher following a lower global supply outlook on the May World Agricultural Supply and Demand Estimates report released during the previous session and extended their current rally, with concerns over frost further lowering Russian production estimates.

FOB Vancouver CWRS basis prices held unchanged, with rising futures limiting trade participation. The recent gain in cash values has supported basis levels for nearby shipment with the 30-45 day forward period, holding a 16-cent/bu premium over forward periods. Relative value has also helped keep producers engaged in the market while they work through plantings, but all recent sales activity has been heard for forward delivery periods at lower price targets.

Platts is part of S&P Global Commodity Insights.

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