Reading Time: < 1 minute Sydney | Reuters — Australia’s GrainCorp said Wednesday it was joining a consortium that plans to acquire, then list, Western Australia’s grower-owned Co-operative Bulk Handling Ltd (CBH), the country’s largest wheat exporter. The proposal is led by Australian Grains Champion, a Western Australian grower-led initiative. The acquisition would be valued at A$3 billion (C$2.96 billion), […] Read more
GrainCorp to join buyer group for Australian wheat marketer
Prairie wheat bids drift down with U.S. futures
Reading Time: 2 minutes CNS Canada — Cash spring wheat bids across Western Canada edged lower in most locations during the week ended Friday, as losses in the U.S. futures weighed on values. However, basis levels saw some slight improvement in many locations, as Canadian wheat has continued to see more stable export demand compared to U.S.-origin supplies. Average […] Read more
Egypt rejects Canadian wheat shipment over ergot
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
Ex-Iraq grain board chief to be investigated in graft case
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
U.S. wheat futures could be scraping bottom
Reading Time: < 1 minute CNS Canada — A general downtrend in U.S. wheat futures remains in place, with all three markets hitting fresh contract lows over the past week. However, there may not be much more room to the downside, according to an analyst. “The (U.S. Department of Agriculture) reports on Tuesday (Feb. 9) were not beneficial for the […] Read more
Buyers eating up Lethbridge feed barley
Reading Time: < 1 minute CNS Canada –– Lethbridge feed barley prices have strengthened on bargain buying, according to one market watcher, while demand for feed wheat is steady at best. Lethbridge barley prices have increased from $200-$205 in January to $205-$215 in February, as the grain becomes more difficult to source, said Jim Beusekom, president at Market Place Commodities. […] Read more
Prairie spring wheat bids slide lower
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
Egypt to accept wheat with 0.05 per cent ergot
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
New in spring cereal crop varieties
Developments in the public breeding sector are generating excitement in spring cereals
Reading Time: 2 minutes The world of spring cereals may never be the same in Eastern Canada, especially in the next few years. In the past 12 months, two new positions have been filled within the public breeding sector, with new breaders at the University of Guelph and at Agriculture and Agri-Food’s Eastern Cereal and Oilseed Research Centre (AAFC-ECORC) […] Read more
Higher oat stocks expected, CBOT futures weak
Reading Time: 2 minutes CNS Canada — CBOT (Chicago Board of Trade) oats are relatively weak, but fairly priced from where one U.S. analyst sits — and traders are looking to an upcoming Statistics Canada report for indication on where to move next. “Just looking at the market in general, oats are somewhat cheap, but right now I think […] Read more
A message from April Stewart, Country Guide's Associate Editor
