Chicago | Reuters — Record-high yields are helping U.S. farmers to harvest a bumper crop of hard red winter (HRW) wheat, the most common variety here, but prices have tumbled as the world is awash in supplies. The quality of the crop is also causing headaches for flour millers, who may have to buy more […] Read more
Bumper winter wheat harvest ill-timed for U.S. farmers
Sluggish demand, ample supplies eat into Lethbridge feed prices
CNS Canada — Lethbridge feed wheat and barley prices have dropped after a muted spring rally — and they’re likely to stay low throughout the summer, market participants say. “They have a weak tone to them. I think a lot of it is lacklustre demand domestically,” said Allen Pirness, trader at Market Place Commodities in […] Read more
MGEX spring wheat shows strength
CNS Canada — Minneapolis (MGEX) spring wheat futures have climbed back to their highest levels in two months and could remain strong relative to other wheat classes over the next few months, according to an analyst. The nearby July 2016 contract is trading at about US$5.50 per bushel, while the July 2017 contract is now […] Read more
Favourable conditions boost Manitoba winter cereals
CNS Canada –– Favourable weather throughout spring and winter has allowed Manitoba’s winter cereals to flourish, according to the head of an industry group. “People are bragging about their fall rye,” said Jake Davidson, executive director at Winter Cereals Manitoba. “Wheat is also excellent.” A relatively warm spring with few cold snaps and a mild […] Read more
Pearce: Stripe rust in winter wheat is Ontario’s biggest threat
Normally, stripe rust in winter wheat isn’t a huge problem for growers in Eastern Canada, and particularly in Ontario — at least, not at this stage of the growing season — but the 2016 growing season isn’t shaping up to be “normal” either. For now, the immediate challenge before growers is to get out and […] Read more
Saskatchewan wheat crop enters crucial phase
CNS Canada –– Freezing temperatures are raising tensions for wheat growers in Saskatchewan as this year’s crop looks to survive a late blast of winter weather. The mercury dipped below 0 C in Saskatchewan on Thursday morning and Friday morning. Speaking Thursday afternoon, a regional crop specialist with the Saskatchewan Ministry of Agriculture, Shannon Friesen, […] Read more
U.S. grains: Weather fears, short-covering lift prices
Chicago | Reuters — U.S. grain futures edged higher Tuesday on concerns that unfavourable crop weather could threaten domestic production, as markets temporarily shook off the weight of massive global inventories. Technical buying and short covering ahead of a monthly U.S. Department of Agriculture report on Wednesday helped fuel the gains, traders said. Wheat traders […] Read more
Mild winter, poor snow cover watched in Alberta, Saskatchewan
CNS Canada –– A milder than normal winter, with a lack of significant snow cover across much of Alberta and Saskatchewan, may be raising concerns in parts of the Prairies — but there is still plenty of time before spring seeding will begin. “There’s not much moisture there,” said Harry Brook, crop specialist with Alberta’s […] Read more
U.S. grains: Wheat to multiyear lows on strong dollar, crop ratings
Chicago | Reuters — U.S. wheat futures fell to multi-year lows on Tuesday, pressured by strength in the dollar and better crop conditions than last year in the Plains, analysts said. Soybean and corn futures declined for a sixth straight session, with the most-active May contracts in both markets falling to multi-week lows. At the […] Read more
U.S. grains: Corn, wheat tumble ahead of year’s end
Reuters — Chicago corn and wheat slipped on Wednesday, as concerns about potential damage to winter wheat crops moved to the background in light year-end trading. Soybeans rose on technical buying, despite forecasts for much-needed rains in parts of Brazil next week. With a lack of fresh bullish news for the grains, traders sold futures, […] Read more
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