CNS Canada — All three U.S. wheat futures markets have posted good gains in recent weeks, after touching contract lows at the end of January. With improvements of 80 cents to a dollar per bushel off of the lows for Minneapolis, Kansas City and Chicago futures, wheat is now in neutral territory from both a […] Read more
U.S. wheat futures entering neutral territory
Mexican bakery giant to buy Canada Bread
The reported frontrunner to buy Canada Bread is now officially the Canadian bakery firm’s buyer of choice. Mexico’s Grupo Bimbo on Wednesday announced a cash deal to buy all shares of Canada Bread Co. for $72 per share, or about $1.83 billion, accruing mainly to Canada Bread’s 90 per cent owner, meat processor Maple Leaf […] Read more
Spring flooding not a concern for Prairie winter wheat
CNS Canada — Some Prairie winter wheat-growing regions may have received large amounts of snow so far this winter, but flooding shouldn’t be a concern this spring. “We’ve run into some problems when we’ve had snowmelt not moving off of fields” in the past, said Bruce Burnett, weather and crop specialist with CWB in Winnipeg. […] Read more
Prairie wheat bids climb alongside U.S. futures
CNS Canada –– Western Canadian cash bids for Canada Prairie spring red (CPSR) and Canada Western red spring (CWRS) wheat moved higher, following the sharply stronger U.S. wheat futures markets during the week ending Monday. Average spot bids for CWRS (13.5 per cent protein) across Manitoba, Saskatchewan and Alberta came in at around $168 per […] Read more
U.S. wheat futures correct higher
CNS Canada — All three U.S. wheat futures markets are finally seeing a corrective bounce, after declining steadily since October. While how much higher wheat futures can move remains to be seen, the sharp gains this week could be seen as a sign that the downtrend is over for the time being. “We’re finally coming […] Read more
Mixed price action seen in Prairie wheat markets
CNS Canada — Western Canadian wheat cash bids were mixed during the week ending Monday. Canada Western Red Spring (CWRS) bids were down slightly, while Canada Prairie Spring Red (CPSR) held steady and durum prices were slightly higher. Average spot bids for CWRS at 13.5 per cent protein across Manitoba, Saskatchewan and Alberta came in […] Read more
Richardson joins revamped winter wheat initiative
Grain handler Richardson International has signed on as a partner in a new organization to promote winter wheat acres in the West. Winnipeg-based, privately-held Richardson is joining the Western Winter Wheat Initiative, a new body formed out of the Winter Cereals Sustainability in Action program, set up in 2009. Ducks Unlimited Canada and Bayer CropScience, […] Read more
World Wheat News: U.S. futures close higher
Commodity News Service Canada / Minneapolis, Kansas City and Chicago wheat futures all closed higher on Thursday, underpinned by ideas that the markets are oversold, industry watchers said. A smaller-than-expected U.S. winter wheat planted area was bullish, as was strong export demand for the U.S. product, brokers said. Reports that Egypt purchased U.S. wheat earlier […] Read more
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