CNS Canada — U.S. wheat futures have moved steadily lower since the beginning of July, and appear poised for more losses as there is little supportive news in the market. “There’s just nothing bullish in the wheat market at the moment,” said Adam Knosalla of Frontier Futures in Minneapolis. He added that “down is the […] Read more
‘Nothing bullish’ in wheat futures
Little upside in oats as futures hit five-year lows
CNS Canada –– Oats futures in Chicago are trading at their lowest levels in five years, and cash bids in Western Canada are also doing little to encourage farmer selling. September oats at the Chicago Board of Trade settled Monday at US$2.2325, the lowest close for the front-month contract since June 2010. Cash bids are […] Read more
Short-term barley prices seen likely to downtrend
CNS Canada — Feed barley prices are moving slowly with hand-to-mouth buying as the crop moves into harvest, when already low prices will likely hit a downtrend. However, prices will likely recover into autumn, depending on how farmers choose to act, from where one market analyst sits. “If the farmers aren’t willing to sell at […] Read more
Prairie cash wheat bids mixed
CNS Canada — Canada Western Red Spring (CWRS) wheat cash bids across Western Canada were mixed during the week ended Friday, with prices edging lower in the eastern Prairies and moving up in Alberta. Average CWRS prices were down by C$2-$4 per tonne in Saskatchewan and Manitoba, but up by C$4-$9 in Alberta, according to […] Read more
USDA sees bumper corn, soy crops despite floods
Washington | Reuters –– U.S. corn and soybean harvests were pegged above expectations this year as strong yields in areas west of the Mississippi River will make up for problems caused by excessive rains in eastern production states, the government said Wednesday. The U.S. Department of Agriculture forecast the 2015-16 soybean harvest at 3.916 billion […] Read more
Prairie cash wheat bids edge higher
CNS Canada — Canada Western Red Spring (CWRS) wheat cash bids across Western Canada were stronger during the week ended Friday, as basis levels and U.S. futures markets also showed some improvement. Average CWRS wheat prices were up by C$7-$10 per tonne over the week, with bids ranging from about $212 per tonne in the […] Read more
Prairie CWRS cash bids soften, durum drops sharply
CNS Canada — Canada Western Red Spring (CWRS) wheat cash bids across Western Canada were weaker during the week ended Friday, as U.S. futures markets plunged once again. Average CWRS wheat prices were down by C$7 to $26 per tonne over the week, with bids ranging from about $203 per tonne in the Peace region […] Read more
U.S. spring wheat yield projections highest ever
Fargo, N.D. (Reuters) — Yield potential for spring wheat grown in the northern U.S. Plains was projected as the highest on record, with the crop benefiting from timely planting and cool weather, according to results from an annual crop tour. Scouts on the Wheat Quality Council’s three-day tour of North Dakota, the top spring wheat […] Read more
29 varieties to be removed from CWRS and CPSR classes
The Canadian Grain Commission has announced that as of August 1, 2017, 29 varieties will no longer be eligible for Canada Western Red Spring (CWRS) and Canada Prairie Spring Red (CPSR) wheat classes. The list (see below) of 25 CWRS and four CPSR varieties includes formerly popular varieties such as Katepwa, Harvest and Kane as […] Read more
Good wheat prospects in central N.Dakota
(Reuters) — Spring wheat has good yield potential in west-central North Dakota, aided by early planting, scouts on one leg of an annual crop tour said on Wednesday. Crop scouts on the Wheat Quality Council’s tour traveling one route in west-central North Dakota made six stops, mostly in McLean County, and projected an average yield […] Read more
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