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Prairie wheat bids weaken slightly, basis improves

Reading Time: 3 minutes CNS Canada –– Wheat cash bids across Western Canada moved slightly lower in most classes during the week ended Friday, amid softness in U.S. futures and improving basis levels. Average Canada Western Red Spring (CWRS) wheat prices were steady to down about $4 per tonne, with bids ranging from $207 per tonne in north-central Saskatchewan […] Read more

Russia seen removing wheat tax in July if inflation slows

Reading Time: 2 minutes Moscow | Reuters — Russia, one of the world’s leading wheat exporters, will probably not extend a tax on wheat exports, imposed until June 30, if optimism over lower inflation and a large crop persists among officials, SovEcon consultancy said. Russia’s economy has been hit hard by low global oil prices and Western sanctions due […] Read more