MarketsFarm — The U.S. Department of Agriculture’s projected increases for domestic and worldwide wheat ending stocks, along with a strengthening Canadian dollar, brought pressure onto western Canadian wheat bids for the week ended Thursday. In its monthly world agricultural supply and demand estimates (WASDE) report on Wednesday, USDA showed a projected 1.78 million-tonne rise in […] Read more
Prairie cash wheat: Stronger crop prospects, loonie lower bids
MGEX, K.C. wheat down on week
Feed weekly outlook: Alberta bids see slight gains
MarketsFarm — Alberta feedlots are only buying feed barley and wheat on a hand-to-mouth basis as demand remains unchanged, according to a local trader. “A lot of the feedlots we work with are buying what they needed and getting covered,” said Agfinity Inc. senior trader Erin Harakal from Stony Plain, Alta. High-delivered bids are $12.93 […] Read more
Canadian researchers crack the case of high-cadmium durum
The recent mapping of durum wheat genome has solved a mystery 30 years in the making — why some varieties are high in cadmium while others are low
Reading Time: 4 minutes Cadmium accumulation in Canadian durum has been a “solved problem” since 2005 — but now genomics have allowed researchers to finally understand why it was a problem in the first place. “It’s a really elegant story about how both breeding and the fundamental science of why cadmium moves in the durum plant actually came together […] Read more
Taliban increase payment in wheat as economic crisis deepens
Kabul | Reuters — Afghanistan’s Taliban administration said on Tuesday it was expanding its ‘food for work’ program, in which it uses donated wheat to pay thousands of public sector employees instead of cash as a financial crisis intensifies. Wheat, largely donated by India to the previous U.S.-backed Kabul government, is being used to pay […] Read more
Feed weekly outlook: Feedlots, elevators filled with corn
MarketsFarm — As 2022 begins, feed grain markets in Alberta have been “status quo,” according to a grain buyer. “There’s a lot of grain that has been pre-contracted in terms of corn coming in from the United States,” said Brandon Motz of CorNine Commodities at Lacombe, Alta. “Lots of priority has been towards execution, making […] Read more
Prairie cash wheat: Bids down despite cold weather, Russian tensions
MarketsFarm – Despite a wide array of factors which would have provided support to prices, Prairie wheat was in the red for the week ended Dec. 30. With areas already experiencing dry conditions, a large cold snap hit both the Prairie provinces in Canada and the Southern Plains in the United States. For the latter, […] Read more
Feed weekly outlook: Prices to remain steady until spring
MarketsFarm – Feed grains in Western Canada are seeing limited trading during the holiday season, but the demand for feed remains at feedlots. “The trade has been very slow. We’re kind of just in execution mode right now,” said Evan Peterson, trader for JGL Commodities in Moose Jaw, Sask. “Stocks are tight on the farm, […] Read more
Alberta cereal commissions ‘halfway there’ on merger vote
If wheat growers vote in favour next month, a plebiscite will be held on sealing the deal
Reading Time: 3 minutes Alberta Barley is one step closer to amalgamating with Alberta Wheat following a vote in favour of the proposal at the barley growers’ annual general meeting early this month. “At our AGM last week, the Alberta Barley delegates voted highly in favour of moving forward,” said chair Tara Sawyer. “Now the next step is the […] Read more
Mexican wheat production rises, declines for corn
MarketsFarm – Production numbers for Mexico’s wheat and corn went in opposite directions, according to the latest Global Agricultural Information Network (GAIN) report from the United States Department of Agriculture (USDA) released on Dec. 28. The country’s wheat production forecast for the 2021-22 marketing year (July to June) was revised to reflect a 2.3 per […] Read more
Prairie cash wheat: Prices booked remarkable upswing in 2021
U.S. wheat futures well up on year
MarketsFarm — There were huge gains in wheat prices in Western Canada this past year. Canada Western Red Spring (CWRS) and Canada Prairie Spring Red (CPSR) wheats shot up by $200 per tonne or more, while those for Canada Western Amber Durum (CWAD) spiked well in excess of $400 per tonne. Significant increases in U.S. […] Read more
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