World Wheat News: U.S. futures close higher

Reading Time: < 1 minute Commodity News Service Canada / Minneapolis, Kansas City and Chicago wheat futures all closed higher on Thursday, underpinned by ideas that the markets are oversold, industry watchers said. A smaller-than-expected U.S. winter wheat planted area was bullish, as was strong export demand for the U.S. product, brokers said. Reports that Egypt purchased U.S. wheat earlier […] Read more

Competition in Lethbridge’s feed market drives prices lower

Reading Time: 2 minutes Competition for Lethbridge’s marketplace is heating up, as feed wheat and barley are nearly priced identically, leading to further declines in both markets. “It seems like they are both trading in the mid-C$150 (per tonne) range,” said Allen Pirness, senior trader at MarketPlace Commodities in Lethbridge. According to the Alberta Canola Producers Commission, feed barley […] Read more