Reading Time: 2 minutes CNS Canada — Average cash bids for Canada Western Red Spring (CWRS) wheat moved higher during the week ended Friday, as a rally in the U.S. futures provided some support. In Manitoba, the average CWRS price rose to $236 per tonne, from $232 per tonne the previous week. Average gains of $5 to $10 per […] Read more
CWRS wheat bids rise with U.S. futures
IGC raises forecast for 2014-15 global corn crop
Reading Time: 2 minutes London | Reuters — The International Grains Council on Thursday raised its forecast for the 2014-15 world corn (maize) crop, reflecting an upward revision to production in China. Global corn production was forecast to total 982 million tonnes, up from a previous forecast of 980 million and just shy of the prior season’s record 984 […] Read more
Oats prices drop to two-and-a-half-year lows
Reading Time: 2 minutes CNS Canada –– Oats prices at the Chicago Board of Trade dropped to their weakest levels in two-and-a-half years over the past week, and cash bids in Western Canada have followed suit. While the largely speculative price drop could bring in more bargain-hunting demand, both end-users and farmers have moved to the sidelines for the […] Read more
CWRS wheat bids edge down in Western Canada
Reading Time: 2 minutes CNS Canada — Average cash bids for Canada Western Red Spring (CWRS) wheat moved lower during the week ended Friday, with adjustments to basis levels behind much of the declines. In Manitoba, the average CWRS price declined to $232 per tonne, from $234 the previous week. Similar losses were noted across the rest of the […] Read more
Asia’s mills eye Canada’s wheat as Australian supply slows
Reading Time: 2 minutes Singapore | Reuters — Asian flour millers are looking at buying Canadian spring wheat for shipment early next year as supplies from drought-hit Australia are likely to remain slow, traders said. Canadian western red spring wheat is being offered at around $345 a tonne, including cost and freight, nearly unchanged from last week, while Australia […] Read more
Argentina sees wheat harvest of 12 million tonnes
Reading Time: < 1 minute Buenos Aires | Reuters –– Argentine farmers will harvest 12 million tonnes of wheat in the 2014-15 crop year, the agriculture ministry said in its monthly report Thursday, issuing its first wheat crop estimate of the season. Argentina’s 2013-14 wheat harvest was 9.2 million tonnes, according to official data. “Losses have been seen in parts […] Read more
Ceiling still far off for rising feed barley market
Reading Time: < 1 minute CNS Canada — Feed barley prices in Western Canada have climbed steadily higher over the past few months and have more room to go, before strong prices inevitably make U.S. corn imports more attractive. “The feed barley market is hot,” said Jerry Klassen, manager for Swiss-based GAP SA Grains and Products in Winnipeg. Aadverse weather […] Read more
When it comes to crop rotation planning, there’s an app for that
#PestPatrol with Mike Cowbrough, OMAFRA
Reading Time: < 1 minute Crop prices are certainly more bearish now than they have been during the past two seasons, and because of this some farmers will question whether they should tweak their cropping rotation in the short term or stay the course. Now there is a smartphone app called “Cash Cropper” that will help you to evaluate: The […] Read more
Richardson’s Sask. oat milling staff ratify deal
Reading Time: 2 minutes Unionized workers with Richardson International’s oat processing and grain milling plant at Martensville, Sask. are headed back to work after ratifying a new labour deal. About three dozen Richardson Milling employees, represented by the United Food and Commercial Workers (UFCW) Local 1400, were locked out Sept. 10 after voting in late August to approve a […] Read more
U.S. wheat futures consolidate, but more strength possible
Reading Time: 2 minutes CNS Canada — U.S. wheat futures have run into some resistance after posting solid gains recently, and could see some more consolidation in the short term. However, there are still a number of supportive factors at play in the wheat market, according to an analyst. “The rally has really slowed down, and we’ve reversed from […] Read more
A message from April Stewart, Country Guide's Associate Editor
