A combine unloads wheat on the outskirts of Ahmedabad in western India on March 16, 2022. (Photo: Reuters/Amit Dave)

India allows exports of wheat flour processed from imported grain

New Delhi | Reuters — India has allowed export-oriented units and the firms set up in special economic zones to export flour made from imported wheat, a government order said on Friday, conceding to the demands of food processors to allow shipments of value-added products. India will allow food processors to import duty-free wheat against […] Read more

Barley. (Photo courtesy Canada Beef Inc.)

Feed weekly outlook: Barley values steady, wheat rises

MarketsFarm — As the harvest across most of the Prairies begins to wind down, price movement for feed barley has remained fairly stable, according to Erin Harakal, senior trader for Agfinity at Stony Plain, Alta. “October is getting covered is what’s happening. There’s not too much room left for October,” Harakal said, noting the midway […] Read more


Fresh bread in Egypt. (Goldream/iStock/Getty Images)

Egypt’s private sector wheat imports stall due to dollar shortage

"We are in the red zone"

Cairo | Reuters — The price of wheat and flour used to make unsubsidized bread has spiked in Egypt as importers struggle to pay for wheat stuck at ports amid a dollar shortage, traders and the country’s chamber of cereals told Reuters this week. Around 700,000 tonnes of wheat haven’t been released from customs, causing […] Read more

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Prairie cash wheat: Weaker loonie underpins bids

U.S. wheat futures down on week

MarketsFarm — Spring wheat bids in Western Canada strengthened during the week ended Thursday, as sharp declines in the Canadian dollar boosted basis levels and more than made up for the bearish influence of softening U.S. futures. Average Canada Western Red Spring (CWRS, 13.5 per cent protein) wheat prices were up by $4.10-$5.40 per tonne […] Read more


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Prairie cash wheat: External factors raise bids

U.S. wheat futures gain on the week

MarketsFarm — Despite the usual harvest pressures, western Canadian wheat bids jumped during the week ended Thursday, largely due to geopolitical and macroeconomic factors. The U.S. Federal Reserve on Wednesday again raised its key interest rate to combat rising inflation — this time a 75 basis point increase, to 3.25 per cent. The rate hike […] Read more

MGEX December 2022 spring wheat (candlesticks) with K.C. December 2022 hard red wheat (yellow line) and CBOT December 2022 soft red wheat (orange line). (Barchart)

Prairie cash wheat: Bids move higher

U.S. wheat futures gain on week

MarketsFarm — Spring wheat bids in Western Canada strengthened during the week ended Thursday, as gains in U.S. futures and weakness in the Canadian dollar provided support. The advances came despite seasonal harvest pressure and an upward revision to Statistics Canada’s production estimate for the country’s spring wheat crop. Average Canada Western Red Spring (CWRS, […] Read more


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Prairie cash wheat: Putin comments raise wheat bids

MarketsFarm — Comments from Russian President Vladimir Putin brought more uncertainty to Ukrainian wheat shipments, which in turn helped raise western Canadian wheat bids for the week ended Thursday. On Wednesday at an economic forum in the eastern Russian city of Vladivostok, Putin said the Ukrainians were “cheating,” adding that grain shipments from the country […] Read more

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Prairie cash wheat: Bids mixed headed into long weekend

MarketsFarm — Despite projections that Canada will have a large wheat harvest this year, Western Canadian wheat bids were mixed for the week ended Thursday, largely due to a weakening Canadian dollar. Statistics Canada (StatCan) on Monday released its satellite imagery-based July principal field crop production estimates, which projected a total wheat harvest of 34.6 […] Read more


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Prairie cash wheat: Bids fall sharply lower

U.S. wheat futures, Canadian dollar down on week

MarketsFarm — Spring wheat bids in Western Canada dropped sharply lower during the week ended Thursday, as losses in U.S. futures weighed on values. Increased grain movement out of Ukraine, as more vessels were finally shipping corn and wheat out of Black Sea ports, contributed to the selling pressure in the futures that spilled into […] Read more

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Prairie cash wheat: Bids show some strength

U.S. wheat futures, loonie up on week

MarketsFarm — Spring wheat bids in Western Canada moved higher during the week ended Thursday, taking back most of the losses from the previous week as gains in U.S. futures provided support. Average Canada Western Red Spring (CWRS, 13.5 per cent protein) wheat prices were up by $12-$15.50 per tonne during the week ended Thursday, […] Read more