Deputy Prime Minister Arkady Dvorkovich (l) and Prime Minister Dmitry Medvedev. (Government.ru)

Russian government proposes cutting wheat export tax

Reading Time: 2 minutes Semikarakorsk, Russia | Reuters — The Russian government has proposed cutting its floating wheat export tax from Oct. 1 and to exempt durum wheat from the levy, a senior official said on Thursday. Russian wheat exports have been constrained by the tax, which has prevented exporters from fully benefitting from the weaker rouble and a […] Read more



(Dave Bedard photo)

U.S. regulators revise proposal on commodity position limits

Reading Time: 2 minutes Chicago | Reuters — U.S. derivatives regulators are revising their proposal to limit the positions that traders can hold in commodity markets to make it easier for some hedge funds and banks to keep large trades. The Commodity Futures Trading Commission wants to allow financial firms to count their market positions separately from subsidiaries if […] Read more

(Keith Weller photo courtesy ARS/USDA)

U.S. grains: Soy futures fall as harvest pace picks up

Reading Time: 2 minutes Chicago | Reuters –– U.S. corn and soybean futures fell on Tuesday, under pressure from the expanding harvest around the U.S. Midwest as well as some profit-taking after rallying on Monday, traders said. Wheat futures also fell, but losses were kept in check as bargain buyers stepped into the market when prices hit their session […] Read more


The Svalbard Global Seed Vault, built in Norway in 2008, is the world’s largest secure seed storage site. (Matthias Heyde photo courtesy Government of Norway via Flickr)

Syrian war spurs first withdrawal from doomsday seed vault

Reading Time: 2 minutes Oslo | Reuters –– Syria’s civil war has prompted the first withdrawal of seeds from a “doomsday” vault built in an Arctic mountainside to safeguard global food supplies, officials said Monday. The seeds, including samples of wheat, barley and grasses suited to dry regions, have been requested by researchers elsewhere in the Middle East to […] Read more

(Country Guide file photo)

Prairie wheat bids dip slightly

Reading Time: 3 minutes CNS Canada — Cash wheat bids across Western Canada generally dropped lower during the week ended Friday. Average Canada Western Red Spring (CWRS) wheat prices were up by C$1-$3 per tonne across the three Prairie provinces, according to price quotes from a cross-section of delivery points. Bids ranged from about $221 per tonne in southern […] Read more


(Stephen Ausmus photo courtesy ARS/USDA)

U.S. grains: Wheat, corn rise on short-covering bump

Reading Time: 2 minutes Chicago | Reuters — U.S. wheat futures rose on Monday, with the benchmark Chicago Board of Trade soft red winter wheat contract gaining 1.8 per cent, on a round of short-covering by investment funds as well as technical buying, traders said. “If you are looking for a fundamental reason for today’s price rally, look elsewhere, […] Read more

Russia defends crop data reliability

Reading Time: < 1 minute Moscow | Reuters –– Russia’s agriculture ministry defended the reliability of its crop data on Thursday, after a farmers’ lobby said regional officials were pressuring farmers to report bigger grain crops to the ministry than they actually harvested this year. The ministry said its numbers, compiled by its regional departments which send “operational information” to […] Read more


(Dave Bedard photo)

StatsCan raises wheat, canola estimates with new model

Reading Time: 2 minutes CNS Canada — Wheat and canola production are expected to be higher than in previous estimates, but still lower than in 2014, according to a new Statistics Canada model for field crop production estimates. The model-based report, released Thursday, pegs this year’s spring wheat production at 18.4 million tonnes, higher than previously forecast in the […] Read more

(Country Guide file photo)

Wheat basis levels improve, futures stay bearish

Reading Time: 2 minutes CNS Canada –– Canada’s spring wheat basis has hit fresh highs to spur producer selling, but overall the market remains bearish. “It does seem kind of counterintuitive to see cash prices strengthening right during harvest,” said Brenda Tjaden Lepp, co-founder of FarmLink Marketing Solutions in Winnipeg. Over the past week, quoted basis levels for Canada […] Read more