MarketsFarm — Wheat bids in Western Canada were generally up for the week ended Aug. 8, with gains in Canada Western Red Spring (CWRS) and Canada Prairie Spring Red (CPSR) wheats in all locations. Durum (CWAD) was either side of steady, depending on location. The Canadian dollar was down by almost a quarter of a […] Read more
Cash wheat: Prices stronger in varying degrees
USMCA ratification bill amends Canada Grain Act
U.S. complaints that Canada discriminates against its wheat will be addressed, if Canadian legislation to ratify the updated North American Free Trade Agreement becomes law. Bill C-100, the implementing legislation for the United States-Mexico-Canada Agreement (USMCA), received first and second reading in the House of Commons May 29 and last Tuesday (June 11) respectively. It […] Read more
Australia cuts wheat forecast by 11 per cent
Sydney | Reuters — Australia on Wednesday cut its wheat production forecast for the 2019-20 harvest by more than 11 per cent as an unrelenting drought across the country’s east coast threatens crops for a third year in a row. The Australian Bureau of Agricultural and Resource Economics and Sciences (ABARES) pegged production of the […] Read more
ADM’s move to spin off ethanol assets speaks to industry’s woes
New York/Chicago | Reuters — Biofuels pioneer Archer Daniels Midland took another step toward abandoning its pure-play ethanol assets on Friday, the latest sign of the industry’s struggles with U.S. President Donald Trump’s trade wars, thin margins, and overproduction. U.S. law requires ethanol to be blended into gasoline but domestic demand for the biofuel added […] Read more
Parrish and Heimbecker to expand Hamilton flour mill, terminal
Prairie grain handler and processor Parrish and Heimbecker plans to become the single biggest user of Ontario-grown wheat with a major expansion of its newest flour mill. The privately-held Winnipeg company on Tuesday announced expansion work is now underway on both its mill and adjacent Lake Ontario harbour terminal at Hamilton. Few details were available […] Read more
Feed weekly outlook: Tight supplies, good demand support barley
Solid demand, both domestically and internationally, coupled with tightening world supplies is keeping barley bids well supported in Western Canada and should lead to increased acres this spring. “The price of feed barley is staying historically high,” said Brian Otto, chair of the Barley Council of Canada, noting feed barley at Lethbridge was currently trading […] Read more
Beetles halt U.S. DDGs exports to Thailand
Chicago | Reuters — Exports of U.S. distillers’ dried grains to Thailand have stopped due to new fumigation requirements installed after beetles were discovered in a shipment last year, U.S. traders said on Friday. Thai government officials said U.S. shipments required certificates showing they had been “properly fumigated.” Traders said sales had effectively been halted […] Read more
Fall rye’s popularity catching on Prairies
CNS Canada — It’s good and bad news when it comes to winter cereal acreage in Western Canada. Winter wheat acres in Manitoba and Saskatchewan are down this fall, while acreage in Alberta increased, and fall rye acres in all provinces rose. “I think a lot of the guys that were growing winter wheat have […] Read more
Four Eastern wheats to be reclassified in July
Four classes of Canada Eastern wheat are set to be reclassified in mid-2019 into a new “Other” class, to cut the costs of segregating grain during commercial handling. The Canadian Grain Commission announced Thursday a new Canada Eastern Other Wheat (CEOW) class will be created effective July 1, 2019. At that time, the Canada Eastern […] Read more
Early winter wheat seeding estimates see reduced acreage
CNS Canada — Firm numbers for winter wheat seeding on the Prairies are not yet available, but there are firm opinions about how it went. “It’s very difficult to seed winter wheat on land that still has a crop on it,” said Monica Klaas, a contract agronomist for Ducks Unlimited’s Western Winter Wheat Initiative based […] Read more
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