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Spring Wheat

(Country Guide file photo)
Crops, Markets, Spring Wheat, Winter Wheat

Prairie wheat bids down with U.S. futures, rising loonie

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Reading Time: 3 minutes CNS Canada — Cash bids for Canadian wheat dropped during the week ended Friday, as the combination of a rising Canadian dollar and dropping U.S. futures weighed on prices across the Prairies. Average Canada Western Red Spring (CWRS) wheat prices were C$12-$16 per tonne lower, with bids ranging from about $204 per tonne in north-central […] Read more
Crops, Markets, Spring Wheat, Weather

Prices to rise as yield prospects drop for durum

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Reading Time: < 1 minute CNS Canada — Mounting dryness concerns in some of the prime durum-growing regions of Western Canada have likely already cut into yield prospects, which should support prices going forward. Canadian farmers intended to plant 5.5 million acres of durum this year, well above the 4.75 million seeded the previous year and the largest crop since […] Read more
Crops, Markets, Reuters, Spring Wheat, Winter Wheat

Iraq recaptures some grain silos seized by Islamic State

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Reading Time: 2 minutes London | Reuters — Iraq has re-taken control of some grain silos previously seized by Islamic State, but most of the grain held cannot be used as militants aim to destroy sites when retreating, a senior grain official said Tuesday. Islamic State, the breakaway al Qaeda group, which declared an Islamic caliphate across parts of […] Read more
(MGEX.com)
Crops, Markets, Spring Wheat

Nearby spring wheat charts looking bullish

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Reading Time: < 1 minute CNS Canada — Nearby technical signals for MGEX spring wheat futures in Minneapolis have turned bullish, as prices rallied during the first part of June. However, the market remains rangebound from a longer-term perspective. The July wheat contact in Minneapolis has climbed by 50 cents per bushel since June 1, and settled Tuesday at US$5.8275. […] Read more
(CMEGroup.com)
Crops, Markets, Oats, Reuters, Soybeans, Spring Wheat

CME bars grain traders for years over wash trades, spoofing

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Reading Time: < 1 minute Chicago | Reuters –– CME Group said Friday it barred a grain trader from its markets for three years for executing noncompetitive transactions and suspended another for two years for market manipulation. The traders, Aleksey Vsemirnov and Stephen Duggan, could not immediately be reached for comment. Vsemirnov executed numerous non-competitive transactions in wheat, oats, rice, […] Read more
(Photo courtesy BASF SE)
Canola, Crops, Lentils, Markets, Reuters, Spring Wheat

Sources say BASF mulling potential bid for Syngenta

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Reading Time: 2 minutes Reuters — German chemicals group BASF is considering a potential offer for Syngenta, its Swiss rival which has received a C$56 billion takeover offer from Monsanto, people familiar with the matter said on Wednesday. BASF is speaking to investment bankers about the possibility of an offer for Syngenta, though it has made no decision and […] Read more

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