CNS Canada — Cash spring wheat bids across Western Canada were slightly weaker during the week ended Friday, as the Canadian dollar gained ground relative to its U.S. counterpart. Depending on the location, average Canada Western Red Spring (CWRS) wheat prices were down by roughly $1 to $2.50 per tonne over the course of the […] Read more
Prairie spring wheat bids tick lower
North Dakota wheat acres seen likely to beat forecast
CNS Canada — North Dakota farmers will be seeding less spring wheat this year — but the acreage may not be down by as much as the U.S. Department of Agriculture now forecasts. In its Prospective Plantings report, released last Thursday, USDA forecast North Dakota spring wheat area for 2016 (excluding durum) at 5.7 million […] Read more
Prairie spring wheat bids rise as loonie falls
CNS Canada — Cash spring wheat bids across Western Canada moved higher during the week ended Thursday, as weakness in the Canadian dollar helped prop up prices. Depending on the location, average Canada Western Red Spring (CWRS) wheat prices were up by $5-$8 per tonne over the course of the week, according to price quotes […] Read more
India might extend wheat import tax beyond March
New Delhi | Reuters — India is likely to extend a wheat import tax beyond March to shield its domestic farmers from cheap imports, particularly as wheat from the new-season harvest will become available by the end of this month, government sources said Monday. After consulting the food, farm and trade ministries, the finance ministry […] Read more
Prairie wheat bids rise with U.S. futures
CNS Canada — Cash spring wheat bids across Western Canada moved higher during the week ended Friday, as domestic bids tracked gains in U.S. futures. Depending on the location, average Canada Western Red Spring (CWRS) wheat prices were up by $5 to $8 per tonne over the course of the week, according to price quotes […] Read more
Egypt quarantine authority to ban ergot until new laws passed
Cairo | Reuters — Egypt’s agriculture quarantine authority will continue to apply a zero ergot policy on wheat shipments until new legislation is issued, the new head of the authority told Reuters on Tuesday. Former quarantine chief Saad Moussa’s zero-tolerance policy on common grains fungus ergot resulted in shipments to the world’s biggest importer of […] Read more
Egypt to allow trace ergot in wheat
Cairo | Reuters –– Egypt will allow wheat imports with trace levels of the ergot fungus of up to 0.05 per cent, the agriculture ministry said Monday, a day after the head of its agriculture quarantine authority was changed. Former quarantine head Saad Moussa’s zero tolerance policy on ergot had led to shipments to the […] Read more
Prairie spring wheat bids drop as loonie rises
CNS Canada –– Cash spring wheat bids across Western Canada moved lower during the week ended Friday, as the strengthening Canadian dollar cut into basis levels. Average Canada Western Red Spring (CWRS) wheat prices were down by about $5-$7 per tonne over the course of the week, according to price quotes from a cross-section of […] Read more
Prairie spring wheat bids rise with U.S. futures
CNS Canada — Cash spring wheat bids across Western Canada moved higher during the week ended Friday, as U.S. futures moved up and basis levels held reasonably steady. Average Canada Western Red Spring (CWRS) wheat prices were up by about $2-$5 per tonne over the course of the week, according to price quotes from a […] Read more
Egypt writes to wheat suppliers on ergot, hoping to win confidence
Abu Dhabi | Reuters — Egypt’s Agriculture Ministry sent a letter to traders saying it will allow an ergot fungus tolerance level of 0.05 per cent in wheat imports, hoping suppliers will make offers in international purchase tenders for the strategic grain. Disputes about ergot content level have disrupted top buyer Egypt’s wheat imports in […] Read more
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