Chicago | Reuters — Daily price limits for Chicago Board of Trade (CBOT) corn and wheat futures will rise starting in May, while soybean limits will not change following a semi-annual review, CBOT parent CME Group said Thursday. Under exchange rules, the CBOT resets daily limits for grains and oilseeds in May and November of […] Read more
Daily price limits revised for CBOT grains futures
Prairie wheat bids slide with U.S. futures
CNS Canada — Cash bids for Canadian wheat were down during the week ended Friday, as losses in the U.S. futures weighed on values. Average Canada Western Red Spring (CWRS) wheat prices were down by $10-$19 per tonne, with bids ranging from $185 per tonne in north-central Saskatchewan to $209 per tonne in Manitoba, according […] Read more
Russia’s ag ministry proposes to cancel wheat export tax
Moscow | Reuters — Russia’s agriculture ministry has proposed to the government to cancel a tax on wheat exports from July 1 when the 2015-16 marketing year starts, a source at the ministry told Reuters. Russia imposed the duty on wheat exports between Feb. 1 and June 30 in an effort to cool domestic food […] Read more
U.S. spring wheat seeding ahead of average pace
CNS Canada — Hard red spring wheat planting in the U.S. is underway and advancing faster than average due to favourable warm, dry weather in many regions, according to the North Dakota Wheat Commission’s crop progress report. As of Sunday, 17 per cent of the U.S. spring wheat crop was in the ground, up from […] Read more
Prairie wheat bids drop with U.S. futures
CNS Canada –– Cash bids for Canadian wheat were down during the week ended Friday, as losses in U.S. futures weighed on values. Average Canada Western Red Spring (CWRS) wheat prices were down by C$8-10 per tonne, with bids ranging from $200 per tonne in north-central Saskatchewan to $219 per tonne in Manitoba, according to […] Read more
Prairie wheat bids firm amid widening basis levels
CNS Canada — Cash bids for Canadian wheat were mostly firmer during the week ended Friday. Strengthening U.S. futures were supportive, though basis levels widened in many regions. Prices are as of April 2, due to market closures on Good Friday. Average Canada Western Red Spring (CWRS) wheat prices were down 50 cents to up […] Read more
Russia may extend tax on wheat exports, deputy PM says
Moscow | Reuters — Russia may extend a tax on wheat exports beyond July 1, but is yet to make a final decision, Russian news agencies cited Deputy Prime Minister Arkady Dvorkovich, who is in charge of the sector, as saying on Friday. Russia has imposed the duty on wheat exports since Feb. 1 in […] Read more
Prairie wheat bids weaken slightly, basis improves
CNS Canada –– Wheat cash bids across Western Canada moved slightly lower in most classes during the week ended Friday, amid softness in U.S. futures and improving basis levels. Average Canada Western Red Spring (CWRS) wheat prices were steady to down about $4 per tonne, with bids ranging from $207 per tonne in north-central Saskatchewan […] Read more
Russia seen removing wheat tax in July if inflation slows
Moscow | Reuters — Russia, one of the world’s leading wheat exporters, will probably not extend a tax on wheat exports, imposed until June 30, if optimism over lower inflation and a large crop persists among officials, SovEcon consultancy said. Russia’s economy has been hit hard by low global oil prices and Western sanctions due […] Read more
Durum prices fall as new crop right around corner
CNS Canada — Durum prices in Western Canada are under pressure as other countries’ new durum crops are just around the corner and end-users are well covered. “We have new-crop French and Spanish durum coming on here in a couple months, and the Mexican crop as well,” said Jerry Klassen, manager for Swiss-based GAP SA […] Read more
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