CNS Canada — U.S. wheat futures posted sharp losses over the past few weeks, but values found support on Tuesday as weather forecasts provide nearby direction, according to an analyst. Minneapolis and Kansas City wheat contracts lost roughly US30-40 cents per bushel over the past month, as ample world supplies weighed on values. “We’ve certainly […] Read more
U.S. wheat market watching weather closely
U.S. farmers cut winter wheat acres to 108-year low
Washington | Reuters — U.S. farmers slashed their winter wheat plantings to the lowest in more than a century as supplies of the grain ballooned to a 29-year high, the U.S. Agriculture Department said Thursday. USDA also dialed back its harvest estimates for the U.S. soybean and corn crops but 2016-17 marketing year production of […] Read more
Winter cereal acres unclear due to wet conditions
Commodity News Service Canada/Winnipeg – Variable conditions across Manitoba and Saskatchewan have made it difficult to estimate winter cereal acreage, the head of an industry group says. But crops that are in the ground have seen mostly favourable weather. Jake Davidson, executive director of Winter Cereals Canada Inc., said he’s waiting for data from Statistics […] Read more
Canada resets mildew grading standards on milling wheat
Canada’s visual grading standards for mildew in Prairie milling wheat have been relaxed to reflect what’s now known about the actual quality of affected wheat. The Canadian Grain Commission on Friday announced new mildew guidelines, “effective immediately,” for western Canadian milling wheat classes, to allow for an “increased presence” of mildew in visual guides and […] Read more
MGEX spring wheat futures pull away from winter wheat
CNS Canada — Minneapolis spring wheat futures are pulling away from their winter wheat counterparts, as quality issues with the North American spring wheat crop bring in protein premiums, according to an analyst who said there was more room to the upside in spring wheat. Kansas City and Chicago winter wheat contracts hit 10-year lows […] Read more
Egypt’s wheat corruption scandal takes down supply minister
Cairo/Abu Dhabi | Reuters — Egypt’s Minister of Supply Khaled Hanafi has resigned amid the highest-profile corruption case since President Abdel Fattah al-Sisi came to power in 2014. Hanafi’s resignation is the most senior-level fallout from a probe into whether millions of dollars intended to subsidize farmers were used to purchase wheat that did not […] Read more
Manitoba threshing bee yields new world record
Owners and operators of antique threshing machines unofficially cracked the world record for a threshing bee at a fundraising event Sunday for the Canadian Foodgrains Bank and Manitoba Agricultural Museum. The Harvesting Hope event, held at the museum site at Austin, about 45 km west of Portage la Prairie, saw 139 threshing machines run simultaneously […] Read more
Weak U.S. wheat futures watching European crops
Commodity News Service Canada – U.S. wheat futures are trading just above their weakest levels in 10 years, but the lows may be in for the time being as funds are already holding large short positions and attention turns to problems with the European crop. “We’re really just following the EU,” said wheat-broker Austin Damiani, of […] Read more
Poor-quality world wheat headed for feed
Black Sea export shipments are discounted $25 a tonne to corn
Reuters — From the heart of the U.S. big farm belt to Colombia, Vietnam and Indonesia, livestock producers are snapping up wheat damaged by bad weather or low in protein, providing pigs and poultry with grain more often milled for making bread. The increased global purchases of cheap, poor-quality wheat for animal feed comes as a […] Read more
Manitoba winter wheat in good shape
Group pushes for national wheat research strategy
Commodity News Service Canada — Despite heavy rains throughout July, Manitoba’s winter wheat is in good condition moving into desiccation, the head of an industry group says. The Manitoba winter cereals group is also preparing for an upcoming government program by working alongside other Canadian wheat commissions. “Everybody is still pretty happy. The winter wheat can […] Read more
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