MarketsFarm — Canada’s farmers will have grown their second-largest wheat crop on record in 2020, according to the first production estimates of the year from Statistics Canada, as released Monday. The government agency pegged total wheat production in the country for 2020-21 at 35.74 million tonnes, up 10.5 per cent on the year and second […] Read more
Wheat crop to be second-largest on record, StatsCan predicts
Canola estimate at lower end of trade predictions
Prairie cash wheat: Gains for CWRS, CPSR as durum drops
MarketsFarm — Wheat bids in Western Canada were higher for Canada Western Red Spring (CWRS) and Canada Prairie Spring Red (CPSR) wheats the week ended Thursday. However, prices for Canada Western Amber Durum (CWAD) dropped. Support came from significant increases in Chicago, Minneapolis and Kansas City wheat futures, but a stronger Canadian dollar held back […] Read more
U.S. grains: Corn, soybeans, wheat rally
'We absolutely need heavy rainfall in a lot of areas'
Chicago | Reuters — Chicago Board of Trade soybean futures jumped 1.8 per cent on Thursday to their highest in 7-1/2 months, with forecasts for dry weather in the U.S. Midwest threatening to hinder the crop throughout its late stages of development, traders said. “We absolutely need heavy rainfall in a lot of areas,” said […] Read more
Canola crop expectations vary ahead of StatsCan report
MarketsFarm — Statistics Canada is due to publish its first production estimates for Canada’s 2020 growing season on Monday (Aug. 31). Late-season hot temperatures and a lack of rain may cause Canada’s canola production to be lower than originally expected, according to some market participants. Earlier in the growing season, Winnipeg-based FarmLink Agriculture Solutions published […] Read more
Prairie cash wheat: Increases for CWRS and CPSR, durum steady
MarketsFarm — Cash wheat bids in Western Canada continued to build this week, on momentum from the previous week. Canada Western Red Spring (CWRS) and Canada Prairie Red Spring (CPRS) wheats saw price increases for the week ended Thursday. Meanwhile, prices for Canada Western Amber Durum (CWAD) held steady. Support came from increases in Chicago, […] Read more
Feed weekly outlook: Early harvest pressures Alberta prices
MarketsFarm — Feed prices in Alberta took something of a tumble this week, Allen Pirness of Market Place Commodities in Lethbridge reported. Feed prices in Manitoba and Saskatchewan, meanwhile, were steady. “Six weeks ago we were seeing harvest, at best, at the end of August. With the heat wave that’s been upon us the last […] Read more
Feds to probe complaints of wheat gluten dumping
New duties on six countries' gluten imports might follow
Federal officials are launching a probe into whether wheat gluten from six countries is being dumped in Canada at prices undercutting the domestic product. The Canada Border Services Agency (CBSA) said Friday it’s launching an investigation to determine whether “certain wheat gluten” from Australia, Austria, Belgium, France, Germany and Lithuania is being sold at “unfair […] Read more
Prairie cash wheat: Prices stabilize following tumultuous week
MarketsFarm — Wheat bids in Western Canada were much more stable for the week ended Thursday than for previous week. After double-digit losses last week, Canada Western Red Spring (CWRS) wheat incurred only small losses, while Canada Prairie Spring Red (CPSR) experienced small gains. Canada Western Amber Durum (CWAD) went from a significant decline to […] Read more
Churchill’s shipping season to start next month
Tracks 'in good shape' leading to northern Manitoba port
MarketsFarm — There won’t be any vessels laden with grains and pulses departing from the Port of Churchill until next month, according to Murad Al-Katib, CEO of AGT Foods in Regina. “We’re in the early days of harvest, so it would be very normal to expect the first vessels to arrive in the first half […] Read more
Options market operator buys last independent U.S. grain exchange
MIH makes deal to buy Minneapolis' MGEX
Chicago | Reuters — Options exchange operator Miami International Holdings (MIH) will acquire the 139-year-old Minneapolis Grain Exchange, the last independent U.S. grain exchange, the organizations said in a statement on Friday. Best known for its flagship hard red spring wheat futures contracts, the MGEX, founded as the Minneapolis Chamber of Commerce in 1881, will […] Read more