CNS Canada –– Average cash bids for Canada Western Red Spring (CWRS) wheat moved higher during the week ended Friday, as strengthening U.S. futures provided support. In Manitoba, the average CWRS price rose to $234 per tonne, from $223 the previous week. Similar gains were noted across the rest of the Prairies, with average prices […] Read more
Prairie spring wheat bids rise with U.S. futures
Shortest growing season ever for wheat crop?
YouTube video captures entire growing season of Stettler wheat crop
Reading Time: 2 minutes A person’s life can flash before their eyes in a moment. But for wheat, it takes three minutes and 57 seconds. Or at least it did for Jay Schultz’s field of Stettler hard red spring wheat this year. The Wheatland County producer borrowed a friend’s trail camera and plunked it down after seeding on May […] Read more
Australian farmers hold back wheat sales as dryness curbs yields
Reuters — Australian farmers are holding back wheat crop sales as dryness in parts of the country’s eastern grain belt cuts yields, raising the likelihood for a boost to global prices that have dropped 13 per cent this year. Farmers in the world’s fourth biggest wheat exporter have sold only about a quarter of this […] Read more
Prairie spring wheat bids soften
CNS Canada — Average cash bids for Canada Western Red Spring (CWRS) wheat moved lower during the week ended Friday, as basis levels held reasonably steady and prices drifted down with the U.S. futures. In Manitoba, the average CWRS price declined to $223 per tonne, from $234 the previous week. Similar declines were noted across […] Read more
Put buyers bet CBOT wheat’s strength won’t last
Reuters — Chicago wheat prices may have rallied more than 10 per cent since October 1, but judging by a jump in bearish put option positions tied to the March delivery slot, they are likely to turn lower going into the New Year. More than 3,600 put options were bought at the $4.80, $4.90 and […] Read more
No frost but excess rain for Argentina wheat
Buenos Aires / Reuters — Argentina’s wheat plants were not hit by frost over the weekend as feared but strong rainfall since Saturday has generated excess humidity that could cause an outbreak of disease in the crop, a meteorologist said on Monday. Weather experts last week warned of the possibility of severe spring frosts in […] Read more
Canadian wheat lowest in Iraq tender — trade
Hamburg / Reuters — Canadian wheat was offered lowest at $323.40 a tonne c&f free out (ciffo) in the tender from Iraq’s state grains board to buy at least 50,000 tonnes of hard wheat, European traders said on Monday. The tender closed on Sunday and offers must remain valid up to Thursday, Nov. 6, traders […] Read more
CWRS bids up as basis strengthens
Commodity News Service Canada — Average cash bids for Canadian Western Red Spring (CWRS) wheat were stronger during the week, underpinned by improving basis levels in Western Canada and stronger Minneapolis wheat futures prices. CWRS prices were about $3.00 higher in central Alberta, up to $6.75 stronger in the Peace region compared to a week […] Read more
Winter wheat seeding ‘perfect’ in EU
Commodity News Service Canada — Winter wheat planting conditions have been “perfect” in many areas of the Europe Union this fall, Leo Plaisier, partner at Agribrokers International said during a presentation at the Cereals of North America conference in Winnipeg. He added that acreage in the European Union is expected to increase slightly from last […] Read more
Asia buyers face problems post-wheat board
Commodity News Service Canada — Before the 2012/13crop year, when the Canadian Wheat Board was stripped of its monopoly to market western Canadian wheat, some Asian companies purchased large amounts from Canada. But since the single desk has ended, there have been challenges with purchasing Canadian wheat, causing some companies to reduce the amount they […] Read more
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