Brasilia | Reuters — The Brazilian government plans to reduce to zero the 10 per cent import tariff applied to non-Mercosur wheat for a quota of up to one million tonnes through Aug. 15, a source in the government with knowledge of the plan said Wednesday. Brazil, regularly one of the world’s leading importers of […] Read more
Brazil to open added tariff-free import quota for wheat
Cargill invests $100M to expand Russian wheat milling
Chicago | Reuters — Agribusiness giant Cargill said Thursday it has invested US$100 million to expand its wheat milling at its Efremov, Russia, grain complex, nearly doubling its processing capacity to 500,000 tonnes of wheat a year. The Efremov complex, which employs more than 800 people, produces starches and sweeteners from corn, barley, wheat and […] Read more
Prairie wheat bids drop about $10 with U.S. futures
CNS Canada — Average cash bids for Canada Western Red Spring (CWRS) and Canada Prairie Spring Red (CPSR) were weaker during the week ended Monday, dropping $10 a tonne. Much of the weakness was linked to spillover pressure from sharply lower U.S. wheat futures markets. Average spot bids for CWRS (13.5 per cent protein) across […] Read more
ICE durum trades for first time since February 2013
CNS Canada — ICE durum futures on Wednesday saw some trade activity for the first time since Feb. 14, 2013, with five October contracts changing hands at weaker prices. The contract dropped $12 per tonne, to settle at $230. This comes just one day after ICE barley contracts saw new life, as five contracts also […] Read more
ICE barley trades for first time in six months
CNS Canada –– The long-dormant barley contracts on the ICE Futures Canada platform saw a glimmer of life on Tuesday as buyers and sellers met up to make some actual trades for the first time in six months. Five October 2014 barley contracts changed hands at $125 per tonne, with commercial entities likely behind the […] Read more
Prairie wheat bids edge up with futures
CNS Canada — Average cash bids for Canada Western Red Spring (CWRS) and Canada Prairie Spring Red (CPSR) wheat edged higher during the week ended Monday, as U.S. futures saw a corrective bounce off nearby lows. Average spot bids for CWRS (13.5 per cent protein) across Manitoba, Saskatchewan and Alberta on Monday came in at […] Read more
Stripe rust on winter wheat being reported near Olds, Alta.
Reading Time: < 1 minute Alberta Agriculture and Rural Development – On June 2, Drs. Krishan Kumar and Kequan Xi saw heavy infections of stripe rust on winter wheat in the cereal breeding nursery at Olds. They did not see the disease in adjacent spring wheat plots. Additionally, there were some stripe rust pustules in winter wheat in the breeding plots and […] Read more
Chicago wheat futures drop to fill chart gap
CNS Canada — U.S. wheat futures posted some big gains over the past three months, but now find themselves right back where they started and could be due for more weakness as the futures have filled a gap on the charts. CBOT wheat futures gapped higher on March 3, as Russian troops entered Crimea and […] Read more
Oat prices edging down, well off highs
CNS Canada — Canadian oat prices have dropped slightly after a brief incline last week, as the market took same direction from U.S. futures. “It has something to do with the index fund roll, so that was weakening the spread,” said Ryan McKnight, a grain merchant at Linear Grain at Carman, Man. “So I think […] Read more
Durum market regaining premium to spring wheat
CNS Canada — Canada’s durum market is at a healthy stage after a tough winter and prices are starting to show some impact relative to spring wheat, according to industry participants. “We saw a lot of pressure on the durum market itself” this winter, said Bruce Burnett, weather and crop specialist at CWB. “Mostly because […] Read more
Cyber-Savvy Farmer
