CNS Canada — Spring wheat futures in Minneapolis climbed to their highest levels in nearly two years during the week ended Friday, as weather concerns in major U.S. wheat-growing states provided support. The nearby July contract on Thursday hit a session high of US$6.1775 per bushel, the strongest level for the front-month spring wheat contract […] Read more
Spring wheat futures climb to two-year highs
Egypt’s wheat imports again uncertain as ergot ban looms
Cairo | Reuters — An Egyptian court has decided to reinstate a zero tolerance policy on common grain fungus ergot, lawyers on the case told Reuters on Tuesday, plunging trade with the world’s largest wheat importer back into uncertainty. Egypt last year scrapped a ban on ergot in grain imports after it effectively halted purchase […] Read more
Consultations sought on grading U.S. wheat imports
Grain industry consultations are needed before the Canada Grain Act is amended to allow imported U.S. wheat to receive a Canadian Grain Commission (CGC) grade, the Saskatchewan Wheat Development Commssion says. “(W)e need to have public consultations to figure out the consequences of adding more American grain to our system,” Sask Wheat chair Bill Gehl […] Read more
U.S. asks Canada to end ‘underhanded’ dairy pricing class
Reuters — The United States has asked Canada to eliminate a new “underhanded” dairy-pricing class that has undercut sales by U.S. dairies to Canadian processors, U.S. Agriculture Secretary Sonny Perdue said on Monday. Perdue was speaking to reporters after he met with Canadian Agriculture Minister Lawrence MacAulay in Toronto. Canada’s dairy farmers last year struck a […] Read more
Early U.S. winter wheat harvest supports low-protein fears
Chicago | Reuters — The earliest reports from the start of the U.S. hard red winter wheat harvest underscored industry fears of a second straight year of low protein, a factor that shifts the market’s focus to prospects for the North American spring wheat crop, a higher-protein variety. “It’s probably a foregone conclusion at this […] Read more
Flour recall widened to products from 11 loads of wheat
The maker of Robin Hood and other brands of flour is further widening a major product recall to cover products made from 11 loads of Canadian wheat. Ardent Mills and the Canadian Food Inspection Agency (CFIA) on Saturday announced an expanded nationwide recall to include more varieties and sizes of Robin Hood, Golden Temple, Purity, […] Read more
MGEX spring wheat premium widening over winter wheat
CNS Canada –– Concerns over poor-quality North American wheat crops have seen the Minneapolis spring wheat premium widen over Kansas City winter wheat — and that spread could grow even larger heading into the summer, according to a U.S. analyst. The nearby MGEX spring wheat contract settled up 3.75 cents on Wednesday, while the corresponding […] Read more
Prairie feed wheat, barley at seasonal highs
CNS Canada –– Feed barley and feed wheat appear to be settling into some seasonal highs, according to a market-watcher in Alberta. “Whether it goes up much more remains to be seen,” said Jim Beusekom of Market Place Commodities in Lethbridge. “Between Easter and May long weekend, we’re probably at a high.” High vomitoxin (10 […] Read more
Weather woes buoy U.S. wheat futures
CNS Canada — Wheat futures in the U.S. kicked off the week on a high note, following a weekend of adverse weather in key growing regions. That may provide a short-lived boost to cash prices in Canada, though the market has its own weather watch. Chicago Board of Trade wheat futures on Monday advanced close […] Read more
Refuge sought for West’s midge-tolerant SWS wheats
Refuge seed and other stewardship measures will be needed for the “majority” of soft white spring (SWS) wheat varieties grown on the Prairies, to protect the midge-tolerant trait many of them have now been found to have. That’s the assessment of seed marketing agency SeCan, which sells at least three SWS varieties now found to […] Read more
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