CNS Canada — Cash bids for Canadian wheat were mostly firmer during the week ended Friday. Strengthening U.S. futures were supportive, though basis levels widened in many regions. Prices are as of April 2, due to market closures on Good Friday. Average Canada Western Red Spring (CWRS) wheat prices were down 50 cents to up […] Read more
Prairie wheat bids firm amid widening basis levels
Russia may extend tax on wheat exports, deputy PM says
Moscow | Reuters — Russia may extend a tax on wheat exports beyond July 1, but is yet to make a final decision, Russian news agencies cited Deputy Prime Minister Arkady Dvorkovich, who is in charge of the sector, as saying on Friday. Russia has imposed the duty on wheat exports since Feb. 1 in […] Read more
Prairie wheat bids weaken slightly, basis improves
CNS Canada –– Wheat cash bids across Western Canada moved slightly lower in most classes during the week ended Friday, amid softness in U.S. futures and improving basis levels. Average Canada Western Red Spring (CWRS) wheat prices were steady to down about $4 per tonne, with bids ranging from $207 per tonne in north-central Saskatchewan […] Read more
Russia seen removing wheat tax in July if inflation slows
Moscow | Reuters — Russia, one of the world’s leading wheat exporters, will probably not extend a tax on wheat exports, imposed until June 30, if optimism over lower inflation and a large crop persists among officials, SovEcon consultancy said. Russia’s economy has been hit hard by low global oil prices and Western sanctions due […] Read more
Wheat bids on Prairies rise with U.S. futures
CNS Canada –– Wheat cash bids across Western Canada moved higher in most classes during the week ended Friday, with gains in U.S. futures behind much of the strength. Average Canada Western Red Spring (CWRS) wheat prices were steady to up by as much as $8 per tonne during the week, with bids ranging from […] Read more
Prairie wheat bids rise with U.S. futures, improving basis
CNS Canada –– Canada Western Red Spring (CWRS) and Canada Prairie Spring Red (CPSR) cash bids moved higher in Western Canada during the week ended Friday, underpinned by strength in U.S. wheat futures and improving basis levels. Average CWRS wheat prices were C$6 to more than $9 per tonne higher during the week, with bids […] Read more
State of Prairie winter wheat still unknown
CNS Canada — Snow cover is rapidly disappearing across Western Canada, but it will still be a few weeks until the extent of any damage to winter wheat across the Prairies is fully known. “It’s still wait-and-see,” said analyst Bruce Burnett of Winnipeg grain firm CWB. The crop won’t start re-growing until the overnight temperatures […] Read more
CWRS wheat bids edge higher, other classes soften
CNS Canada –– Wheat cash bids across Western Canada saw some minor adjustments during the week ended Friday, with Canada Western Red Spring (CWRS) bids generally showing some improvement while other classes moved lower. Average CWRS wheat prices were steady to as much as $3 per tonne higher during the week, with bids ranging from […] Read more
VIDEO: The gluten story
Reading Time: < 1 minute If you’ve ever chewed a few kernels of wheat to make ‘gum,’ you’ve done a gluten test. Domestic and overseas wheat millers do a somewhat more sophisticated gluten test to determine how flour milled from different wheats will perform in a bakery. The gluten strength of different varieties has been in the news lately, and […] Read more
Fund selling keeps U.S. wheat futures pointed down
CNS Canada –– Chicago wheat futures dropped to fresh contract lows Thursday and have more room to the downside from a chart perspective as speculators continue to add to their short positions, according to a broker. “It’s a momentum trade here with the funds,” said Adam Knosalla, a broker with Frontier Futures in Minneapolis. “They’re […] Read more
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