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Spring wheat

(Photo courtesy Canada Beef Inc.)
Crops, Markets, Reuters

U.S. grains: Corn, soybeans close firm; wheat gains muted

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Reading Time: 2 minutes Chicago | Reuters –– U.S. soybean and corn futures closed firmer on Tuesday, hitting four-week highs on concerns about rains slowing the early soybean harvest in Brazil and investor hopes of stimulus measures in China, traders said. Chicago Board of Trade wheat futures followed corn and soybeans higher. Traders also cited technical buying in wheat […] Read more
(Country Guide file photo)
Cereals, Crops, Markets, Spring Wheat, Winter Wheat

Falling loonie boosts Prairie spring wheat bids

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Reading Time: 2 minutes CNS Canada — Cash spring wheat bids across Western Canada moved higher during the week ended Friday, as declines in the Canadian dollar helped basis levels improve. Average Canada Western Red Spring (CWRS) wheat prices were steady to as much as C$5 per tonne higher over the week, according to price quotes from a cross-section […] Read more
(Jack Dykinga photo courtesy ARS/USDA)
Crops, Spring Wheat, Winter Wheat

Changes to CGC’s Western wheat classes coming Aug. 1

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Reading Time: 3 minutes Come Aug. 1, Western Canada will get a new ninth milling wheat class, Canada Northern Hard Red (CNHR), that’s expected to open up opportunities for higher-yielding wheats, while preserving the quality reputation of the Canada Western Red Spring (CWRS) and Canada Prairie Spring Red (CPSR) classes. U.S. Dark Northern Spring varieties Faller, Prosper and Elgin […] Read more
Sunset in Egypt on the Nile River south of Luxor. (CIA.gov)
Crops, Markets, Reuters, Spring Wheat

Egypt moves to clarify ergot rules on wheat imports

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Reading Time: 2 minutes Reuters — Egypt’s supply ministry moved to clarify rules on wheat imports on Thursday, saying it would allow shipments with traces of the grain fungus ergot to enter the country. Wheat traders have been concerned that uncertainty over payment and inspection terms in Egypt, the world’s biggest wheat importer, would dampen export demand. The problem […] Read more
(Photo courtesy Canada Beef Inc.)
Crops, Markets, Reuters

U.S. grains: Wheat prices fall on hefty supplies

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Reading Time: 2 minutes Chicago | Reuters — U.S. wheat fell for the second straight day on Thursday, pressured by technical selling, ample global supplies and lacklustre demand for U.S. shipments and dragged by Paris futures which hit a contract low early in the session. Chicago Board of Trade wheat futures extended declines after Euronext March milling wheat tumbled […] Read more
(Photo courtesy Canada Beef Inc.)
Crops, Markets, Reuters

U.S. grains: Corn, soy steady on technicals after big gains

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Reading Time: 2 minutes Chicago | Reuters — U.S. corn and soybeans edged higher on Wednesday while wheat prices were slightly lower at the Chicago Board of Trade, with all three markets steadying after hitting multi-week peaks in the previous session following a bullish U.S. Department of Agriculture supply report. CBOT March wheat reached a fresh 2-1/2 week high […] Read more
(Portosdobrasil.gov.br via Flickr)
Crops, Markets

Ocean freight cost index breaks another floor

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Reading Time: < 1 minute CNS Canada — The Baltic Dry Index (BDI) continues its downward slide, dropping below 400 points for the first time ever as ocean freight rates struggle to find their bottom. The BDI was quoted at 394 points on Wednesday, marking a new low since records began in 1985. The index was trading above 1,200 as […] Read more
(Lisa Guenther photo)
Crops, Markets, Reuters

USDA grains report catches speculators leaning wrong way

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Reading Time: 2 minutes Washington | Reuters — Grains market speculators who had built massive short positions in recent months were caught leaning the wrong way after the U.S. government cut its corn and soy harvest views, as well as its wheat planting estimate, in reports released on Tuesday. Although the overall fundamental picture remains bleak, the bearish bets […] Read more
(USDA.gov via Flickr)
Crops, Markets, Reuters

U.S. grains: Wheat surges as USDA cuts acreage view

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Reading Time: 2 minutes Chicago | Reuters — U.S. grain prices rallied on Tuesday after the U.S. Department of Agriculture slashed its estimate of winter wheat seedings by more than anticipated and unexpectedly cut its corn and soybean production view. Wheat futures surged nearly three per cent to a three-week high on fund short covering while corn and soybeans […] Read more

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