Reading Time: 2 minutes CNS Canada –– All three U.S. futures markets climbed higher over the past week, rising to some of their best levels of the year. There is some more room to the upside, but further gains may be short-lived, according to an analyst. “Wheat is getting tired,” said Randy Martinson of Progressive Ag at Fargo, N.D. […] Read more
U.S. wheat futures still rising, but ‘getting tired’
Prairie feed barley prices nearing 2014 highs
Reading Time: 2 minutes CNS Canada — Lethbridge feed grain markets are trading at highs for the 2014 calendar year, and even starting to approach September prices, according to Jim Beusekom, grain broker at MarketPlace Commodities. “We’re at $190 to $195 per tonne for feed barley and feed wheat.” Road bans, the start of seeding and the logistics slowdown […] Read more
Average CWRS wheat bids rise above $200 a tonne
Reading Time: 2 minutes CNS Canada –– Average cash bids for Canada Western Red Spring (CWRS) wheat moved higher, breaking back above $200 per tonne, during the week ended Monday. Improving basis levels and spillover support from the gains seen in Minneapolis spring wheat futures helped to lift prices. Average spot bids for CWRS (13.5 per cent protein) across […] Read more
Ardent flour merger closer to completion with mill sale
Reading Time: < 1 minute Reuters –– U.S. food and grain-handling companies ConAgra Foods, Cargill and CHS have moved closer to sealing a deal to merge their North American flour mill operations by agreeing to sell four mills to a Japanese company. Miller Milling Co., a U.S.-based unit of Tokyo-based Nisshin Flour Milling, will buy the four U.S. mills, the […] Read more
CWRS wheat prices down as basis widens
Reading Time: < 1 minute CNS Canada — Cash bids for Canada Western Red Spring (CWRS) wheat eased during the week ended Monday, as U.S. wheat futures were weaker and basis levels widened. Average spot bids on Monday for CWRS (13.5 per cent protein) across Manitoba, Saskatchewan and Alberta came in at around $192 per tonne, or $5.32 per bushel, […] Read more
Prairie winter wheat looking good, but damage still possible
Reading Time: 2 minutes CNS Canada — Most winter wheat crops seeded in Western Canada last fall seem to be in good condition so far this spring — but they’re not in the clear yet. “Not all of the winter wheat is out from the snow cover yet,” said Bruce Burnett, crop and weather specialist with CWB in Winnipeg. […] Read more
CWRS wheat cash bids edge down, basis steady
Reading Time: < 1 minute CNS Canada –– Cash bids for Canada Western Red Spring (CWRS) wheat held relatively steady during the week ended Monday, posting small losses in many locations in sympathy with the Minneapolis futures. Average spot bids for CWRS (13.5 per cent protein) across Manitoba, Saskatchewan and Alberta came in at around $197 per tonne, or $5.35 […] Read more
Weather, Ukraine boost U.S. wheat futures
Reading Time: 2 minutes CNS Canada — U.S. wheat futures rose sharply on Monday and could continue to increase due to cold weather in the southern Plains and the political unrest in Ukraine. “We had this (cold) in the weather forecast,” said Austin Damiani, a U.S. wheat analyst from Frontier Futures in Minneapolis. “The forecasts are calling for even […] Read more
Logistics still propping up old-crop oats
Reading Time: < 1 minute CNS Canada — The oats futures market remains at a considerable inverse, with the old-crop May contract in Chicago trading at an 88-cent premium over the new-crop December as logistics issues continue to hamper Canadian grain movement. “There are oats on farm, but the U.S. mills are having a hard time physically taking possession,” said […] Read more
Burdensome supplies to keep durum prices under pressure
Reading Time: 2 minutes CNS Canada –– Canadian cash prices for durum have been weak all winter, as logistics issues in Western Canada have kept large supplies of the crop from moving. Going forward, the burdensome supply situation is expected to keep values under pressure. “Companies are still cleaning up sales that they’ve made earlier, and this will take […] Read more
A message from April Stewart, Country Guide's Associate Editor
