Moscow / Reuters — A Russian grain exporters’ group that accounts for about three-quarters of the country’s shipments said on Friday it had stopped buying for export until domestic prices cool down. The move follows informal government measures to restrict exports as Moscow tackles a currency crisis, including through toughening of quality controls and a […] Read more
Russian grain exporters stop buying
Malting barley list released
List has new, higher-yielding varieties that have the greatest likelihood of being selected for malting
Reading Time: < 1 minute The Canadian Malting Barley Technical Centre has released its list of recommended malting barley varieties for the 2015-16 crop year. The recommendations are based on varieties the industry has indicated will have the greatest likelihood of being selected by grain and malting companies for both domestic and export markets from the 2015 harvest. Members of […] Read more
CME Group imposes rare halt on wheat futures trading
Chicago | Reuters –– CME Group briefly halted electronic trading in U.S. wheat futures overnight on Thursday, after prices sank 1.6 per cent in one second as concerns about Russian export curbs roiled the market. The 10-second pause represented only the fourth time this year that the world’s largest futures exchange operator has interrupted trading […] Read more
Recent mild spell seen hurting Prairie winter wheat
CNS Canada — Recent milder weather seen in Western Canada was unfavourable for winter wheat crops and has left the crops more vulnerable to winterkill. “The major impact is that it melted some of the snow cover that the winter wheat had, and in a lot of cases now some of those fields are bare,” […] Read more
Federal bill brings Canada one step closer to an end-point royalty system
Bill C-18 amends Plant Breeders’ Rights Act to bring it into compliance with an international seed treaty known as UPOV ’91
Reading Time: 2 minutes Federal NDP MPs only delayed the “inevitable” by voting against the Agricultural Growth Act (Bill C-18) in late November, said an Alberta Barley spokesperson at a recent meeting in Lacombe. “It might slow things down a bit, but nonetheless, we believe that it will be approved by Parliament in early 2015, after which work will […] Read more
CWRS wheat bids edge up across Prairies
CNS Canada –– Average cash bids for Canada Western Red Spring (CWRS) wheat edged up by a dollar per tonne on average during the week ended Friday. In Manitoba, the average CWRS price rose to just under $234 per tonne, from $233 the previous week. Gains were similar across the rest of the Prairies, with […] Read more
Russian export uncertainty driving U.S. wheat futures
CNS Canada — Uncertainty over Russian exports has brought some volatility to U.S. wheat markets, with shifting speculation on the country’s intentions a major driver in day-to-day futures trade. “We’ve seen the market see-saw back and forth, with whatever Russia said (influencing) the way the market moved,” said market analyst Bryan Strommen of Progressive Ag […] Read more
Feed barley market quiet, awaiting new year
CNS Canada –– The feed barley market is in the middle of its seasonal slowdown. While demand should pick back up in the New Year, the prices might not have much room to the upside, given ample feed wheat supplies. “If you didn’t look at the calendar, you could still guess it was December,” said […] Read more
UAE-Egypt alliance expands to desert wheat venture
Abu Dhabi/Cairo | Reuters — Egypt and two companies from its strong backer United Arab Emirates have embarked on an ambitious plan to grow wheat in the desert that could boost the Cairo government’s credibility if successful. Egypt, the world’s biggest wheat importer, has long aspired to become self-sufficient in its staple food through various […] Read more
Prairie CWRS wheat bids edge down
CNS Canada — Average cash bids for Canada Western Red Spring (CWRS) wheat moved lower during the week ended Friday, despite a firmer tone in U.S. futures as basis levels slipped slightly. In Manitoba, the average CWRS price declined to C$234 per tonne, from $236 the previous week. Average losses of $1 to $5 per […] Read more
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