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Cereals

(Dave Bedard photo)
Crops, Reuters, Spring Wheat

Cargill plans to halt grain export activities in Russia

Viterra also set to halt grain trading in Russia, sources say

By ,
Reading Time: 2 minutes Moscow/Chicago | Reuters — Cargill said Wednesday it would take a further step back from the Russian market by stopping handling Russian grain from its export terminal from July, although its shipping unit will continue to carry grain from Russian ports. Most international grain traders have stopped new investment in Russia since last year following […] Read more
Canada Malting’s processing plant in Montreal. (CanadaMalting.com)
Barley, Crops, Reuters

France’s InVivo makes bid for United Malt

Bid would include Canada Malting business

By
Reading Time: 2 minutes Reuters — United Malt Group has received an indicative, non-binding offer from Malteries Soufflet, a branch of French agribusiness InVivo, the Australian commercial maltster said on Tuesday, valuing it at A$1.5 billion (C$1.36 billion). The A$5 per share offer represents a 45.3 per cent premium to United Malt’s last close of A$3.44. Trading in shares […] Read more
(Photo courtesy Canada Beef Inc.)
Barley, Crops, Markets

Feed weekly outlook: Domestic grain prices slipping

Prairie wheat, barley on par with U.S. corn

By
Reading Time: 2 minutes MarketsFarm – Feed wheat and barley prices in Western Canada have slowly trended lower over the past few months, with prices for both grains now on par with imported corn from the U.S. into Alberta’s key Lethbridge feedlot alley. All three grains are trading at around $410 per tonne into Lethbridge, according to Jim Beusekom, […] Read more
(Dave Bedard photo)
Barley, Crops, Markets

Little change in barley acres expected

Malt barley prices mainly steady

By
Reading Time: < 1 minute MarketsFarm — As spring planting approaches, Peter Watt of the Canadian Malting Barley Technical Centre (CMBTC) said there likely won’t be a big shift in barley acres that will be planted in 2023. “Producers have made their [planting] decisions for the most part. You might see people adjust their plans a little bit based on […] Read more
(Thinkstock photo)
Crops, Markets, Spring Wheat

Prairie cash wheat: Red spring wheats gain ground, durum dips

U.S. futures, Canadian dollar up on week

By
Reading Time: 2 minutes MarketsFarm — Wheat prices on the Canadian Prairies saw upticks in the red spring varieties during the week ended Thursday, while durum stepped back a little. A strong upswing in the U.S. wheat complex lent support to Canadian cash prices, but a slightly higher dollar tempered further increases. There’s continued dryness in the U.S., especially […] Read more
Barley. (Photo courtesy Canada Beef Inc.)
Barley, Crops, Markets

Feed weekly outlook: Grains wait for demand to pick up

Trucking availability still seen as an issue, but less of one

By
Reading Time: < 1 minute MarketsFarm — As feed barley continued to sit in a lull, there have been some increases in feed wheat, according to Brandon Motz of CorNine Commodities at Lacombe, Alta. “There’s a little of downward pressure on barley,” Motz said, noting demand for it is expected to soon pick up. Feed wheat prices have increased recently, […] Read more
(Thinkstock photo)
Crops, Markets, Spring Wheat

Prairie cash wheat: U.S. futures drag down wheat bids

Potential for more interest rate hikes remains

By
Reading Time: 2 minutes MarketsFarm — Hawkish comments from the chair of the U.S. Federal Reserve and the possible renewal of the Black Sea Grain Initiative brought down wheat futures on the Chicago Board of Trade (CBOT) for the week ended Thursday — and, in turn, pressured western Canadian wheat bids. In front of the U.S. Senate banking committee […] Read more
(Photo courtesy Canada Beef Inc.)
Barley, Corn, Crops, Markets

Feed weekly outlook: Corn the choice crop in feedlots

'Bigger feedlots are looking for volume'

By
Reading Time: < 1 minute MarketsFarm — Copious amounts of corn are still being delivered to feedlots in southern Alberta despite slowly declining prices for other feed grains. “Corn is coming down over the last little bit,” Mike Fleischhauer of Eagle Commodities Ltd. in Lethbridge said. “You think that there would be a little bit more barley hitting the market. […] Read more
A wall in the medina (ancient city quarter) of Rabat, Morocco’s capital. (Cia.gov)
Crops, Markets, Reuters, Spring Wheat

Morocco adjusts wheat import scheme in nod to Black Sea

Move could bump up competition among exporters

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Reading Time: 2 minutes Rabat/Paris | Reuters — Morocco, a major cereal importer, has modified its wheat import subsidy scheme to make it easier for companies to bring in cargoes from the Black Sea region, an official at state grain agency ONICL said on Wednesday. The revision, also reported by traders, means that as of March importers are able […] Read more
(Thinkstock photo)
Crops, Markets, Spring Wheat

Prairie cash wheat: Bids dip with U.S. futures

Canadian dollar also down on week

By
Reading Time: 2 minutes MarketsFarm — Spring wheat bids in Western Canada posted losses during the week ended Thursday, underpinned as losses in U.S. futures weighed on values. Average Canada Western Red Spring (CWRS, 13.5 per cent protein) wheat prices were down by $3.50-$8.10 per tonne across the Prairies, according to price quotes from a cross-section of delivery points […] Read more

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