Reuters — From the heart of the U.S. big farm belt to Colombia, Vietnam and Indonesia, livestock producers are snapping up wheat damaged by bad weather or low in protein, providing pigs and poultry with grain more often milled for making bread. The increased global purchases of cheap, poor-quality wheat for animal feed comes as a […] Read more
Poor-quality world wheat headed for feed
Black Sea export shipments are discounted $25 a tonne to corn
Manitoba winter wheat in good shape
Group pushes for national wheat research strategy
Commodity News Service Canada — Despite heavy rains throughout July, Manitoba’s winter wheat is in good condition moving into desiccation, the head of an industry group says. The Manitoba winter cereals group is also preparing for an upcoming government program by working alongside other Canadian wheat commissions. “Everybody is still pretty happy. The winter wheat can […] Read more
Prairie wheat bids tick lower in choppy week
CWRS basis levels across Western Canada range from C$13 to C$27 below the futures
Commodity News Service Canada — Spring wheat cash bids across Western Canada ended slightly lower for the week ended July 18, tracking choppy action in the U.S. futures. Depending on the location, average Canada Western Red Spring (CWRS) wheat prices were one to two dollars per tonne lower, according to price quotes from a cross-section of […] Read more
Wet wheat weather watched worldwide
CNS Canada — Generous rainfall has benefited but also boosted the risk of disease on wheat crops in much of Canada and the U.S., and has also cut into grain quality in parts of Europe. However, according to Drew Lerner of U.S. forecast agency World Weather Inc., conditions during the harvest season will be the […] Read more
MGEX spring wheat shows strength
CNS Canada — Minneapolis (MGEX) spring wheat futures have climbed back to their highest levels in two months and could remain strong relative to other wheat classes over the next few months, according to an analyst. The nearby July 2016 contract is trading at about US$5.50 per bushel, while the July 2017 contract is now […] Read more
Prairie wheat bids tick down slightly
CNS Canada — Cash spring wheat bids across Western Canada softened slightly during the week ended Friday, as gains in the Canadian dollar put pressure on values. Depending on the location, average Canada Western Red Spring (CWRS) wheat prices were down 50 cents to $1, with the exception of southern Alberta where they were up […] Read more
Saskatchewan wheat crop enters crucial phase
CNS Canada –– Freezing temperatures are raising tensions for wheat growers in Saskatchewan as this year’s crop looks to survive a late blast of winter weather. The mercury dipped below 0 C in Saskatchewan on Thursday morning and Friday morning. Speaking Thursday afternoon, a regional crop specialist with the Saskatchewan Ministry of Agriculture, Shannon Friesen, […] Read more
Russia seen extending wheat export tax for 2016-17
Moscow | Reuters — Russia is likely to extend its wheat export tax for the 2016-17 marketing year, which starts on July 1, because the levy is at a minimum level under current market conditions, traders and analysts said. The government has also indicated it is unlikely to change the tax ahead of the next […] Read more
Prairie spring wheat bids mixed amid opposing outside factors
CNS Canada — Cash spring wheat bids across Western Canada were narrowly mixed during the week ended Friday, with prices up slightly in some locations and down in others. Spillover from gains in U.S. futures was offset by the bearish influence of the rising Canadian dollar. Depending on the location, average Canada Western Red Spring […] Read more
Rising durum acres offset by declining spring wheat
CNS Canada –– Increased durum acres in Canada may limit the upside potential as far as prices are concerned, but smaller spring wheat plantings will also limit the downside, according to a durum trader. Statistics Canada on Thursday pegged intended durum acres at 6.12 million acres, which would be up from 5.82 million in 2015. […] Read more
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