Commodity News Service Canada — It doesn’t appear there will be any dramatic changes to acreage for most crops next year, says a market analyst for CWB. Bruce Burnett gave some broad estimates for plantings in 2015 at the opening session of the Cereals North America conference in Winnipeg. “My thought is we’re going to […] Read more
Few changes expected in Canadian crop area
Protein data available
Reading Time: < 1 minute Canadian Grain Commission – Preliminary protein content data for the 2014 Canada Western Red Spring wheat harvest are now available by crop region. The data are based on samples received through the Harvest Sample Program and will be updated weekly. Go to grainscanada.gc.ca, type ‘protein content red spring wheat 2014’ and select the most recent upload. […] Read more
Prairie CWRS bids mostly higher despite losses in U.S. futures
CNS Canada — Average cash bids for Canada Western Red Spring (CWRS) wheat were mostly higher during the week, despite weakness in Minneapolis spring wheat futures as basis levels improved in most regions. Prices in the Peace region of Alberta declined, however, as basis levels widened out. CWRS prices were between $1.50 lower in the […] Read more
U.S. wheat futures rising, but watching corn and beans
CNS Canada — U.S. wheat futures have shown some strength over the past month, but advancing harvest pressure from soybeans and corn may come forward to limit any additional independent strength in wheat over the next few weeks. After setting contract lows on Oct. 1, all three U.S. wheat markets have trended higher through the […] Read more
Prairie CWRS bids up as basis moves to a premium
CNS Canada — Average cash bids for Canada Western Red Spring (CWRS) wheat were higher during the week, as basis levels moved higher, now offering farmers a premium over futures in many areas. CWRS prices were up between about $7 and C$13 compared to a week ago. The best pricing opportunities were still available in […] Read more
Red spring wheat bids ease as basis widens
CNS Canada — Average cash bids for Canada Prairie Spring Red (CPSR) wheat eased during the week, despite a firmer tone in U.S. futures, as basis levels widened in many areas of Western Canada. Canada Western Red Spring (CWRS) bids increased, however, amid improving basis levels. Average CPSR bids were down by 15 cents to […] Read more
Tighter supplies of higher-quality durum boosting bids
CNS Canada — Tight European supplies of high-quality durum are boosting North American prices for the grain — but there are also quality issues with the Canadian and U.S. crops limiting how much durum will actually be sold at those stronger prices. “There is a very large durum program to northern Europe this year,” said […] Read more
Prairie cash wheat prices up as U.S. futures move higher
CNS Canada — Average cash bids for wheat were firmer across Western Canada during the week ended Friday, lifted by strengthening U.S. futures and improving basis levels for some classes of wheat. CWRS (Canada Western Red Spring) prices were up between C$10 and $16 compared to a week ago, with the best pricing opportunities still […] Read more
Japan, Korea can stop GMO testing, U.S. wheat group chief says
Reuters — Japan and South Korea are continuing to test the U.S. wheat they buy to make sure the grain is not contaminated with an experimental version developed by Monsanto, but could soon stop the practice, the head of a U.S. wheat association said Thursday. The two countries, which are among the top purchasers of […] Read more
Russia surprises peers with early wheat export market exit
London/Moscow | Reuters — Russian wheat has made a surprise early exit from key global export markets, despite the country’s near-record crop, after domestic prices rose in the fallout from the Ukraine crisis. With a bumper crop and the rouble close to historic lows, Russia could reasonably be expected to actively supply wheat to key […] Read more
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