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Spring wheat

(PortOfThunderBay.com)
Crops, Weather

Ice-free Great Lakes mean sunny outlook for seaway

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Reading Time: < 1 minute CNS Canada — A lack of ice on the Great Lakes means Canada’s St. Lawrence Seaway will start shipping grain earlier than last year. Last year the seaway’s opening was delayed until the beginning of April, due to the amount of ice in the system, according to Bruce Hodgson, director of market development for St. […] Read more
Sunset in Egypt on the Nile River south of Luxor. (CIA.gov)
Crops, Markets, Reuters, Spring Wheat, Winter Wheat

Egypt rejects Canadian wheat shipment over ergot

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Reading Time: 2 minutes Abu Dhabi | Reuters –– Egypt’s agricultural quarantine authority has rejected a shipment of Canadian wheat, saying it contained traces of the fungus ergot, a trade source said and official documents obtained by Reuters showed. The move by the quarantine authority is the latest in a series of rejections, which have caused serious concerns over […] Read more
Crops, Markets, Reuters, Spring Wheat

Ex-Iraq grain board chief to be investigated in graft case

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Reading Time: < 1 minute CORRECTED, Feb. 20, 2016 — Baghdad | Reuters — Iraq’s acting trade minister has referred former grain board chief Saad al-Hamdani and 16 unnamed individuals for investigation over suspected transportation of illegal wheat shipments, a ministry statement said Monday. The grain board is responsible for purchasing billions of dollars worth of commodities internationally and from […] Read more
(Scott Bauer photo courtesy ARS/USDA)
Crops, Markets, Reuters

U.S. grains: Exports spark gains in soybeans

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Reading Time: 2 minutes Chicago | Reuters –– U.S. soybean futures rose 1.3 per cent on Thursday as the U.S. Agriculture Department’s report of stronger-than-expected exports spurred a round of short-covering, traders said. Corn futures were steady to weak, with the front-month contract settling unchanged while deferred contracts posted modest declines. Corn had fallen for six days in a […] Read more
(Stephen Ausmus photo courtesy ARS/USDA)
Crops, Markets, Reuters

U.S. grains: Wheat rises on bargain buying

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Reading Time: 2 minutes Chicago | Reuters — Chicago Board of Trade wheat futures firmed Wednesday, edging higher on a round of bargain buying and short-covering a day after prices hit their lowest in nearly six years, traders said. Corn and soybean futures were close to unchanged for most of the day but closed in negative territory. A bearish […] Read more
(USDA.gov via Flickr)
Crops, Markets, Reuters

U.S. grains: Wheat drops to lowest since 2010 on record supply estimate

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Reading Time: 2 minutes Chicago | Reuters –– U.S. wheat futures dropped to their lowest level since 2010 after the U.S. government on Thursday said year-end global supplies would be the biggest in history. Prices crumbled as the U.S. Department of Agriculture’s forecasts for record-large world wheat production and ending stocks fuelled fears about excessive inventories. Concerns about large […] Read more
(Country Guide file photo)
Crops, Markets, Spring Wheat

Prairie spring wheat bids slide lower

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Reading Time: 2 minutes CNS Canada –– Cash spring wheat bids across Western Canada moved lower during the week ended Friday, as the firmer Canadian dollar and losses in U.S. wheat futures weighed on values. Average Canada Western Red Spring (CWRS) wheat prices were down by $4-$6 per tonne over the week, according to price quotes from a cross-section […] Read more
(Scott Bauer photo courtesy ARS/USDA)
Crops, Markets, Reuters

U.S. grains: Soybeans set new 2016 low as rains hit dry Argentina

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Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures slid to seven-week lows on Monday after weekend rains across major exporter Argentina reduced the likelihood that dry weather would curb yields. Wheat futures dropped to a one-month low and corn dropped to its lowest level in three weeks as losses in other markets, including equities and energy, […] Read more
Sunset in Egypt on the Nile River south of Luxor. (CIA.gov)
Cereals, Crops, Reuters

Egypt to accept wheat with 0.05 per cent ergot

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Reading Time: < 1 minute Cairo | Reuters — Egypt’s agriculture ministry will allow wheat imports with up to 0.05 percent levels of ergot, a common grains fungus, it said on Feb. 3, reversing a zero tolerance policy that prompted traders to boycott the state’s wheat tender this week. The supply ministry and the General Authority for Supply Commodities (GASC) […] Read more

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