Reading Time: < 1 minute CNS Canada — All three U.S. wheat futures markets have seen a sizeable corrective bounce after hitting their lowest levels in months to start the week — and could be due for some more strength heading into the spring, a U.S. analyst says. “I’d like to think that the lows are in for the short […] Read more
Nearby lows likely in for wheat futures
Developing new seed varieties for better crops
Reducing risk for the entire grain industry is key to variety development
Reading Time: 5 minutes It’s not easy growing grain for a living. Between bad weather, plant disease, insects, rising input costs and fluctuating markets, it can be tough to make a buck. That’s why new seed varieties are so important to Canadian wheat growers, says Ron DePauw, a senior wheat breeder with Agriculture and Agri-Food Canada’s, Semi-Arid Prairie Agricultural […] Read more
Prairie CWRS bids weaken slightly
Reading Time: 2 minutes CNS Canada — Average cash bids for Canada Western Red Spring (CWRS) wheat generally moved lower during the week ended Friday. Average CWRS prices lost about C$1-$4 per tonne, with prices ranging from about $197 per tonne in north-central Saskatchewan to $216 per tonne in Manitoba, according to bids from a cross-section of delivery points […] Read more
Wheat basis muddied in Western Canada
Reading Time: 3 minutes CNS Canada — The difference between futures markets and cash markets for any exchange-traded commodities can usually be brought into focus by the basis — that is, except in Prairie wheat, where that focus has now gone fuzzy. Typically, a wide or narrow basis provides some indication of how representative the futures market is of […] Read more
Prairie CWRS bids improve slightly despite weaker futures
Reading Time: 2 minutes CNS Canada — Average cash bids for Canada Western Red Spring (CWRS) wheat generally moved higher during the week ended Friday, despite continued weakness in U.S. futures, as basis levels improved in many areas. Average CWRS prices were steady to up by as much as $4 per tonne, with the highest average bids in Manitoba, […] Read more
Mild weather poses risks for Prairie winter wheat
Reading Time: 2 minutes CNS Canada — Milder-than-normal temperatures across Western Canada over the past week could raise some issues for its winter wheat crops, though snow cover and conditions through the rest of the winter will also be important. “It’s not ideal conditions for winter wheat, and I’d anticipate that we’d see some damage,” said CWB analyst Bruce […] Read more
Prairie CWRS bids ease with U.S. futures, CPSR up
Reading Time: 2 minutes CNS Canada — Average cash bids for Canada Western Red Spring (CWRS) wheat deteriorated slightly during the week ended Friday, with losses in U.S. futures weighing on values. However, most other classes of wheat saw a slight improvement, as basis levels narrowed in. Average CWRS prices were generally down by about C$1 to $2 per […] Read more
Wheat models show climate change pressuring yields
Reading Time: 2 minutes A combination of multiple computer models of weather’s impact on wheat warns of a six per cent dent in world wheat production for every degree Celsius in temperature increase. Scientists have been trying for 20 years to estimate effects of temperature increase and climate change on wheat production, which accounts for 20 per cent of […] Read more
Russia’s domestic wheat prices decline due to export curbs
Reading Time: 2 minutes Moscow | Reuters — Russia’s domestic wheat prices have declined since the start of the year as the government has curbed exports with informal limits ahead of the introduction of an official export tax, analysts said on Friday. Russia, expected to be the world’s fourth-largest wheat exporter this year, imposed tougher quality monitoring of grain […] Read more
Oat growers wait for better prices in 2015
Reading Time: 2 minutes CNS Canada –– High freight costs and a reluctance by farmers to sell at current prices has made for a sluggish start to the New Year for oats, according to an industry participant. “Price expectations for oats are higher than what the current market is offering,” said Ryan McKnight, grain merchandising manager at Linear Grain […] Read more
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