CNS Canada — Adverse weather conditions over the past month, including snow in Alberta and untimely rains in many other regions of the Prairies, are expected to lead to quality downgrades in Canada’s wheat crop. While a greater percentage of the wheat in the country will likely go to feed than normal, Canada is unlikely […] Read more
Bigger feed wheat supplies to stay put for now
Prairie wheat bids follow U.S. futures lower
CNS Canada — Bids for Canada Western Red Spring (CWRS) at moved down at most locations across Western Canada during the week ended Friday, despite mounting weather-related concerns across the Prairies, as losses in U.S. futures weighed on prices. The highest CWRS prices were still available in Manitoba, but average bids in the province declined […] Read more
Recently-seeded Argentine wheat threatened by rain
Buenos Aires | Reuters — Heavy rains in Argentina’s farm belt over recent days have increased the risk of wheat crop loss, the Buenos Aires Grains Exchange said in its weekly crop progress report Thursday. Wheat in the South American grains powerhouse is planted mostly in May through July and harvested November through January. The […] Read more
Prairie CWRS bids firm, CPSR holds steady
CNS Canada — Average cash bids for Canada Western Red Spring (CWRS) were firmer, while Canada Prairie Spring Red (CPSR) wheat bids were holding steady during the two weeks ended Monday. Average spot bids for CWRS (13.5 per cent protein) across Manitoba, Saskatchewan and Alberta came in at around C$197 per tonne ($5.36 per bushel). […] Read more
Canadian durum exports still the best, but more consistency needed
International durum buyers visiting the Canadian International Grains Institute (Cigi) recently said they are seeing less consistency in their purchases from Canada since the end of single-desk marketing. “Sometimes we see peaks in proteins or test weight,” said Italian broker Miria Filomena Balletta in an interview. “Not just in the same cargo, but in the […] Read more
AWC encourages farmers to submit CPSR and CWRW samples
Reading Time: < 1 minute The Alberta Wheat Commission (AWC) is encouraging growers to participate in the Canadian Grain Commission’s (CGC) Harvest Sample Program and in-turn help promote two wheat classes with significant untapped market potential. The quality characteristics of Canada Prairie Spring Wheat (CPSR) and Canada Western Red Winter Wheat (CWRW) will be highlighted in new crop missions in […] Read more
GRAINS: Nearby soy rallies on low old-crop supply; MGEX wheat jumps
Reuters — Nearby U.S. soybean futures climbed to a one-week high on Friday as U.S. processors scrambled to find scarce old-crop supplies, with the start of the next harvest still at least a month away in the Midwest. MGEX spring wheat futures touched a two-week high amid concerns about excessive rains hurting crops in key […] Read more
European quality issues support Prairie durum bids
CNS Canada — Durum bids in Western Canada are showing strength relative to other wheat classes, with premiums for higher-quality supplies expected to remain in place or widen as the industry awaits Canada’s crop. Canada’s 2014-15 durum crop is estimated at 4.9 million tonnes by Statistics Canada, which compares with 6.5 million the previous year. […] Read more
Alberta farm leader says rail system fix is on track
Ordering the railways to move more grain has grabbed the spotlight, but Kent Erickson says newly enacted legislation will bring long-term gains
Reading Time: 3 minutes New federal rail legislation is the first major step in building a sustainable and reliable rail transportation system, says the chair of the Alberta Wheat Commission. But in the meantime, extending an order-in-council that penalizes the railways if they fail to move a million tonnes of grain a week is the best short-term fix, said […] Read more
Further losses likely for falling spring wheat futures
CNS Canada — Spring wheat futures at the Minneapolis Grain Exchange hit fresh contract lows over the past week, and are seen as likely to have more room to the downside as North America’s spring wheat harvest is just getting started. However, the Chicago and Kansas City winter wheat contracts are due for a post-harvest […] Read more
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