Winnipeg | CNS Canada – Hard red spring wheat bids in Western Canada fell slightly for the week ending Nov. 17, following decreases in the United States markets. Depending on the location, average Canada Western Red Spring (13.5 per cent protein CWRS) wheat prices were down C$3 to C$5 per tonne across the Prairie provinces, […] Read more
Wheat bids fall along with U.S. futures
U.S. Plains drought highlights spring wheat supply crunch
Chicago | Reuters — Drought conditions in the northern U.S. Plains that have propelled spring wheat prices to a three-year high worsened in the past week and there are forecasts for more hot and dry weather that could crimp the harvest. As the world struggles with a glut of grain that has filled inventories to […] Read more
Early U.S. winter wheat harvest supports low-protein fears
Chicago | Reuters — The earliest reports from the start of the U.S. hard red winter wheat harvest underscored industry fears of a second straight year of low protein, a factor that shifts the market’s focus to prospects for the North American spring wheat crop, a higher-protein variety. “It’s probably a foregone conclusion at this […] Read more
Weather woes buoy U.S. wheat futures
CNS Canada — Wheat futures in the U.S. kicked off the week on a high note, following a weekend of adverse weather in key growing regions. That may provide a short-lived boost to cash prices in Canada, though the market has its own weather watch. Chicago Board of Trade wheat futures on Monday advanced close […] Read more
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
EU wheat rises ahead of U.S. elections, USDA report
Paris/Reuters – European wheat prices rose in the wake of Chicago on Tuesday in a broader rise across international markets which increasingly anticipated the victory of Democratic nominee Hillary Clinton in the U.S. Presidential elections. Traders also pointed to short covering and technical buying ahead of the election results and the release a much awaited […] Read more
Demand for quality is pushing up hard red spring prices
Look for ‘basis specials’ when grain buyers need to blend better-quality wheat to meet sale specifications
Reading Time: 2 minutes Despite generally low wheat prices, the hard red spring wheat market is showing some positive price action, says a provincial crop market analyst. “At least two things are happening in this market,” said Neil Blue. “Back in August, some commercial buyers began to increase their bids for wheat protein. This was a reflection of the […] Read more
Prairie wheat bids tick downward
CNS Canada –– Spring wheat cash bids across Western Canada recorded minor losses during the week ended Friday. The declines were traced to weakness in U.S. futures and some minor strengthening in the Canadian dollar. Depending on the location, average Canada Western Red Spring (CWRS) wheat prices were down $3 per tonne, according to price […] 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
Prairie wheat bids tick down slightly
CNS Canada — Cash spring wheat bids across Western Canada softened slightly during the week ended Friday, as gains in the Canadian dollar put pressure on values. Depending on the location, average Canada Western Red Spring (CWRS) wheat prices were down 50 cents to $1, with the exception of southern Alberta where they were up […] Read more
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