Sydney | Reuters — Australia’s GrainCorp said Wednesday it was joining a consortium that plans to acquire, then list, Western Australia’s grower-owned Co-operative Bulk Handling Ltd (CBH), the country’s largest wheat exporter. The proposal is led by Australian Grains Champion, a Western Australian grower-led initiative. The acquisition would be valued at A$3 billion (C$2.96 billion), […] Read more
GrainCorp to join buyer group for Australian wheat marketer
Egypt rejects Canadian wheat shipment over ergot
Abu Dhabi | Reuters –– Egypt’s agricultural quarantine authority has rejected a shipment of Canadian wheat, saying it contained traces of the fungus ergot, a trade source said and official documents obtained by Reuters showed. The move by the quarantine authority is the latest in a series of rejections, which have caused serious concerns over […] Read more
Ex-Iraq grain board chief to be investigated in graft case
CORRECTED, Feb. 20, 2016 — Baghdad | Reuters — Iraq’s acting trade minister has referred former grain board chief Saad al-Hamdani and 16 unnamed individuals for investigation over suspected transportation of illegal wheat shipments, a ministry statement said Monday. The grain board is responsible for purchasing billions of dollars worth of commodities internationally and from […] Read more
Prairie spring wheat bids slide lower
CNS Canada –– Cash spring wheat bids across Western Canada moved lower during the week ended Friday, as the firmer Canadian dollar and losses in U.S. wheat futures weighed on values. Average Canada Western Red Spring (CWRS) wheat prices were down by $4-$6 per tonne over the week, according to price quotes from a cross-section […] Read more
Firm loonie cuts into Prairie spring wheat bids
CNS Canada — Cash spring wheat bids across Western Canada moved lower during the week ended Friday, as continued strength in the Canadian dollar more than countered any support from advances in U.S. futures. Average Canada Western Red Spring (CWRS) wheat prices were down by $3 to $5 per tonne over the week, according to […] Read more
Egypt’s ergot saga leaves wheat traders in limbo
Reuters — One Egyptian official’s tough stance on wheat imports carrying a fungus that wreaked havoc in the Middle Ages is baffling global grain traders and putting a spotlight on policy-making disarray in the world’s biggest purchaser of the commodity. Alarm bells began ringing in Egypt when a 63,000-tonne wheat shipment from France arrived in […] Read more
Prairie spring wheat bids dip as loonie rises
CNS Canada — Cash spring wheat bids across Western Canada moved lower during the week ended Friday, as volatile activity in the Canadian dollar caused basis levels to soften. Average Canada Western Red Spring (CWRS) wheat prices were down by $3-$6 per tonne over the week, according to price quotes from a cross-section of delivery […] Read more
Ardent’s Illinois flour mills reopened
Chicago | Reuters –– Ardent Mills, the largest U.S. flour miller, said operations resumed on Thursday at its mill at Chester, Illinois, that had been closed since Dec. 29 due to near-record flooding on the Mississippi River. Mill staff “have gone ‘above and beyond’ to conduct extensive cleaning and sanitizing to return the mill back […] Read more
Falling loonie boosts Prairie spring wheat bids
CNS Canada — Cash spring wheat bids across Western Canada moved higher during the week ended Friday, as declines in the Canadian dollar helped basis levels improve. Average Canada Western Red Spring (CWRS) wheat prices were steady to as much as C$5 per tonne higher over the week, according to price quotes from a cross-section […] Read more
Changes to CGC’s Western wheat classes coming Aug. 1
Come Aug. 1, Western Canada will get a new ninth milling wheat class, Canada Northern Hard Red (CNHR), that’s expected to open up opportunities for higher-yielding wheats, while preserving the quality reputation of the Canada Western Red Spring (CWRS) and Canada Prairie Spring Red (CPSR) classes. U.S. Dark Northern Spring varieties Faller, Prosper and Elgin […] Read more
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