MarketsFarm — Strong global demand, paired with concerns of dry growing conditions in key regions, has spurred U.S. wheat prices higher. “Some countries are getting nervous with the persistent dryness in several regions, which could reduce the supply of quality global wheat,” said Terry Reilly of Futures International in Chicago. Dry growing conditions in Ukraine, […] Read more
CBOT weekly outlook: Export demand supports wheat, soy
Lower U.S. dollar also supportive
Prairie cash wheat: Prices up on sharp rises in U.S. wheat
MarketsFarm — Wheat bids in Western Canada were higher for Canada Western Red Spring (CWRS), Canada Prairie Spring Red (CPSR) and Canada Western Amber Durum (CWAD) wheats for the week ended Thursday. Support came from double-digit increases in Chicago, Minneapolis and Kansas City wheat futures. Meanwhile, the Canadian dollar was relatively steady. Average CWRS (13.5 […] Read more
Feed weekly outlook: Demand keeps Canadian barley well supported
MarketsFarm — Solid demand continues to keep feed barley bids in Western Canada well supported, as end-users work to secure supplies in anticipation of tightening stocks going forward. “Competition for barley is coming from every which direction: grain companies exporting barley, feedlots trying to cover barley, and grain companies trying to cover feedlots,” said Jim […] Read more
Brazil millers oppose sale of GMO wheat
Importing costs would rise, Abitrigo says, as Argentina approves new wheat
Sao Paulo | Reuters — Brazilian wheat millers association Abitrigo opposes the approval of genetically modified wheat products for sale in Brazil, saying it will make imports of the cereal more costly and impact prices on the domestic market. The statement comes after Argentine authorities approved a new genetically modified wheat that can resist drought […] Read more
Argentina approves drought-tolerant GM wheat
Variety would need Brazil approval before going commercial
MarketsFarm — Argentina has become the first country in the world to approve cultivation and consumption of a genetically modified wheat variety, the country’s National Commission for Science and Technology (CONICET) announced Thursday. “This is the first approval in the world for drought-tolerant genetic transformation in wheat,” CONICET said in a statement. Argentina is the […] Read more
Feed weekly outlook: Demand from China lifts prices
MarketsFarm — Prices for feed barley and wheat have shot up over the last month, including a 76 cent per bushel jump for barley in Alberta, according to Prairie Ag Hotwire. In Saskatchewan, barley prices climbed 41 cents per bushel, while in Manitoba the rise has been much more subdued at nine cents. At present […] Read more
Many opportunities open to serve with cereal organizations
Nomination deadlines October 30
Reading Time: < 1 minute Alberta Barley is looking for two directors and nearly two dozen delegates while Alberta Wheat is seeking four directors and six regional reps. The barley commission has one director opening in Region 1 and one director-at-large from either Regions 1, 4, 5 or 6. Its six regions have anywhere from two to six delegate spots […] Read more
Wheat, canola exports ahead of year-ago pace
MarketsFarm — Canadian grain and oilseed exports are running well ahead of the year-ago level eight weeks into the 2020-21 marketing year, according to the latest data from the Canadian Grain Commission. Total bulk exports of the major grains and oilseeds, as of Sunday, of 7.17 million tonnes compare with the six million exported during […] Read more
Prairie cash wheat: Bids mostly stronger
MarketsFarm — Wheat bids in Western Canada were mostly higher during the week ended Friday, with a mostly firmer tone in U.S. futures countered by strength in the Canadian dollar. Average CWRS (Canada Western Red Spring, 13.5 per cent protein) wheat prices were up by as much as $5 per tonne, although Manitoba bids edged […] Read more
Feed weekly outlook: Bids hold firm in West
MarketsFarm — Feed grain bids in Western Canada remain firm at the beginning of October, with a lack of significant farmer selling keeping the market underpinned as harvest wraps up across the Prairies. The barley harvest is mostly complete across the Prairies, but total yields and production remain to be seen. “The market is still […] Read more
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