Winnipeg | CNS Canada –– Because of the large durum crop grown in Canada in 2013-14, the country needs to gain a higher percentage of global durum trade to alleviate some of the pressures of having huge supplies, the Wild Oats Grainworld conference was told here Monday. “And I don’t think it’s going to be […] Read more
Grainworld: Durum export outlook positive for 2014-15
Grainworld: Oats market a ‘trainwreck’
Winnipeg | CNS Canada — The oats market in North America is a “trainwreck”, and there’s not much positive in the six- to 12-month outlook, an analyst told the Wild Oats Grainworld conference here Tuesday. “We have got bottlenecks all over the place. We are within an eyelash of shutting down the milling industry in […] Read more
CBOT oats run limit-up, hit record high on Prairie rail woes
Chicago | Reuters — The daily trading limit for Chicago Board of Trade oat futures and options will increase to 30 cents a bushel when the markets reopen, after the front-month contract rallied the 20-cent limit to an all-time high of US$5.03 on Tuesday. This is the second time in less than a week that […] Read more
U.S. wheat futures entering neutral territory
CNS Canada — All three U.S. wheat futures markets have posted good gains in recent weeks, after touching contract lows at the end of January. With improvements of 80 cents to a dollar per bushel off of the lows for Minneapolis, Kansas City and Chicago futures, wheat is now in neutral territory from both a […] Read more
Trading limits expand for CBOT oats on Prairie rail jams
Chicago | Reuters — The daily trading limit for Chicago Board of Trade (CBOT) oat futures and options expands to US30 cents a bushel when the grain markets open on Thursday after the nearby contracts rallied the 20-cent limit on tight oat inventories. CBOT oat futures closed on Wednesday locked up the 20-cent limit in […] Read more
Spot bids for Prairie wheat climb with U.S. futures
CNS Canada — Cash bids for Canada Prairie Spring Red (CPSR) and Canada Western Red Spring (CWRS) wheat continued to move higher amid the ongoing short-covering rally seen in U.S. wheat futures during the week ending Tuesday. Average spot bids on Tuesday for CWRS (13.5 per cent protein) across Manitoba, Saskatchewan and Alberta came in […] Read more
Mexican bakery giant to buy Canada Bread
The reported frontrunner to buy Canada Bread is now officially the Canadian bakery firm’s buyer of choice. Mexico’s Grupo Bimbo on Wednesday announced a cash deal to buy all shares of Canada Bread Co. for $72 per share, or about $1.83 billion, accruing mainly to Canada Bread’s 90 per cent owner, meat processor Maple Leaf […] Read more
Spring flooding not a concern for Prairie winter wheat
CNS Canada — Some Prairie winter wheat-growing regions may have received large amounts of snow so far this winter, but flooding shouldn’t be a concern this spring. “We’ve run into some problems when we’ve had snowmelt not moving off of fields” in the past, said Bruce Burnett, weather and crop specialist with CWB in Winnipeg. […] Read more
Prairie wheat bids climb alongside U.S. futures
CNS Canada –– Western Canadian cash bids for Canada Prairie spring red (CPSR) and Canada Western red spring (CWRS) wheat moved higher, following the sharply stronger U.S. wheat futures markets during the week ending Monday. Average spot bids for CWRS (13.5 per cent protein) across Manitoba, Saskatchewan and Alberta came in at around $168 per […] Read more
Wireworm action added to cereal seed treatment
Bayer CropScience has installed a neonicotinoid wireworm defense in the latest version of its Raxil cereal seed treatment. The company last week launched Raxil PRO Shield, which includes the active fungicides from Bayer’s Raxil PRO formulation, tebuconazole, prothioconazole and metalaxyl. The new product, however, also includes imidacloprid, a neonicotinoid insecticide, in a new “Stress Shield” […] Read more
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