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
Falling loonie boosts Prairie spring wheat bids
Changes to CGC’s Western wheat classes coming Aug. 1
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
Egypt moves to clarify ergot rules on wheat imports
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
Prairie spring wheat bids move higher
Reading Time: 2 minutes CNS Canada –– Cash spring wheat bids across Western Canada moved higher during the week ended Friday, as U.S. futures also rose during that timeframe. Average Canada Western Red Spring (CWRS) wheat prices were up by C$9-$10 per tonne during the period, according to price quotes from a cross-section of delivery points across the Prairie […] Read more
U.S. wheat up with short-covering, but more downside possible
Reading Time: 2 minutes CNS Canada — U.S. wheat futures hit contract lows over the past week, before seeing a short-covering correction in recent days. However, with ample world supplies and poor export demand, the path of least resistance likely remains lower, according to market participants. The fundamentals are pretty bearish for wheat, but the market structure is looking […] Read more
Genetic codebreaking on wheat years ahead of schedule
Reading Time: 2 minutes Sequencing the infamously complex genome for bread wheat — a game-changing task for wheat breeding that’s been estimated to take four or five more years — may now just take another couple of years, following a milestone announced Wednesday. The International Wheat Genome Sequencing Consortium (IWGSC), a team co-led by Canadian researchers, announced Wednesday it […] Read more
Egypt’s new wheat requirement could delay supplies
Reading Time: 3 minutes Cairo/Abu Dhabi | Reuters — Egypt, the world’s largest purchaser of wheat, has imposed restrictive import requirements, an agricultural authority official told Reuters, alarming traders who threatened to boycott tenders for the politically sensitive commodity. The new requirement — for a complete absence of ergot, a common fungus found in grains — could disrupt the […] Read more
Ardent restarts Illinois flour mill after flooding
Reading Time: 2 minutes Chicago | Reuters –– The largest U.S. flour miller, Ardent Mills, has resumed operations in Alton, Illinois, as floodwaters along the Mississippi River receded while a mill at Chester, Ill. will remain down for weeks, company executives said Tuesday. Near record-high floodwaters following deadly winter storms forced the company to shut down the mills a […] Read more
Prairie spring wheat bids down with U.S. futures
Reading Time: 2 minutes CNS Canada — Cash spring wheat bids across Western Canada moved lower during the two-week holiday period ending Thursday (Dec. 31), as the U.S. futures also drifted lower during that time frame. Average Canada Western Red Spring (CWRS) wheat prices were down by C$7-$8 per tonne during the two-week period, according to price quotes from […] Read more
Floods close two Ardent flour mills
Reading Time: < 1 minute Reuters — Two Illinois flour mills near the Mississippi River and operated by Ardent Mills were shuttered because of flooding this week, the company told Reuters on Wednesday. Ardent, the largest U.S. flour miller, operated jointly by Cargill, ConAgra Foods and CHS Inc., said the mills in Chester and Alton will remain closed “until the […] Read more
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