CNS Canada –– Increased demand by Canadians for gluten-free products had an impact on the wheat industry, leading reduced sales and experiments with new ways to feed the market. Now, industry specialists have mixed opinions on the future of gluten-free. Almost a third of Canadians, 10 million people, are seeking out gluten-free products, according to […] Read more
Canada may have already passed peak gluten-free
Prairie wheat bids down with U.S. futures, rising loonie
CNS Canada — Cash bids for Canadian wheat dropped during the week ended Friday, as the combination of a rising Canadian dollar and dropping U.S. futures weighed on prices across the Prairies. Average Canada Western Red Spring (CWRS) wheat prices were C$12-$16 per tonne lower, with bids ranging from about $204 per tonne in north-central […] Read more
Prices to rise as yield prospects drop for durum
CNS Canada — Mounting dryness concerns in some of the prime durum-growing regions of Western Canada have likely already cut into yield prospects, which should support prices going forward. Canadian farmers intended to plant 5.5 million acres of durum this year, well above the 4.75 million seeded the previous year and the largest crop since […] Read more
Iraq recaptures some grain silos seized by Islamic State
London | Reuters — Iraq has re-taken control of some grain silos previously seized by Islamic State, but most of the grain held cannot be used as militants aim to destroy sites when retreating, a senior grain official said Tuesday. Islamic State, the breakaway al Qaeda group, which declared an Islamic caliphate across parts of […] Read more
Nearby spring wheat charts looking bullish
CNS Canada — Nearby technical signals for MGEX spring wheat futures in Minneapolis have turned bullish, as prices rallied during the first part of June. However, the market remains rangebound from a longer-term perspective. The July wheat contact in Minneapolis has climbed by 50 cents per bushel since June 1, and settled Tuesday at US$5.8275. […] Read more
Cereal Cyst Nematode confirmed in Montana
Reading Time: < 1 minute The effects of Cereal Cycst Nematode (CCN) can be confused with Rhizoctonia root rot. Now is the time to watch for signs/symptoms of this pest in cereals. For more information on what symptoms and signs look like, see the Montana AgAlert for CCN. To learn more, or to see more MSU alerts, visit the Montana […] Read more
Prairie oats crop off to a decent start
CNS Canada — Western Canadian farmers are wrapping up seeding their oats crops, which so far are off to a decent start in many areas. “I know in Manitoba, in the Red River Valley, the oats are off to an excellent start,” said Art Enns, president of the Prairie Oats Growers Association. “In Saskatchewan it’s […] Read more
Wheat bids climb with U.S. futures
CNS Canada –– Cash bids for Canadian wheat climbed sharply during the week ended Friday, as a rally in U.S. futures pulled bids up across the Prairies. Average Canada Western Red Spring (CWRS) wheat prices were C$12 to $19 per tonne higher, with bids ranging from about $218 per tonne in north-central Saskatchewan to as […] Read more
CME bars grain traders for years over wash trades, spoofing
Chicago | Reuters –– CME Group said Friday it barred a grain trader from its markets for three years for executing noncompetitive transactions and suspended another for two years for market manipulation. The traders, Aleksey Vsemirnov and Stephen Duggan, could not immediately be reached for comment. Vsemirnov executed numerous non-competitive transactions in wheat, oats, rice, […] Read more
Thinking of forward wheat pricing?
Farmers need to make sure the margin will cover their cost of production
Reading Time: < 1 minute Wheat prices have weakened since winter, world supply levels are bearish, and the loonie is up. “Many farmers are wondering, ‘What do I do now?’” said Neil Blue, market specialist at Alberta Agriculture and Rural Development. Farmers thinking about signing a forward pricing contract should first consider if the price will provide an acceptable margin […] Read more
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