Reading Time: < 1 minute Commodity News Service Canada – U.S. wheat futures are trading just above their weakest levels in 10 years, but the lows may be in for the time being as funds are already holding large short positions and attention turns to problems with the European crop. “We’re really just following the EU,” said wheat-broker Austin Damiani, of […] Read more
Weak U.S. wheat futures watching European crops
Poor-quality world wheat headed for feed
Black Sea export shipments are discounted $25 a tonne to corn
Reading Time: 3 minutes Reuters — From the heart of the U.S. big farm belt to Colombia, Vietnam and Indonesia, livestock producers are snapping up wheat damaged by bad weather or low in protein, providing pigs and poultry with grain more often milled for making bread. The increased global purchases of cheap, poor-quality wheat for animal feed comes as a […] Read more
Manitoba winter wheat in good shape
Group pushes for national wheat research strategy
Reading Time: < 1 minute Commodity News Service Canada — Despite heavy rains throughout July, Manitoba’s winter wheat is in good condition moving into desiccation, the head of an industry group says. The Manitoba winter cereals group is also preparing for an upcoming government program by working alongside other Canadian wheat commissions. “Everybody is still pretty happy. The winter wheat can […] Read more
Bumper winter wheat harvest ill-timed for U.S. farmers
Reading Time: 3 minutes Chicago | Reuters — Record-high yields are helping U.S. farmers to harvest a bumper crop of hard red winter (HRW) wheat, the most common variety here, but prices have tumbled as the world is awash in supplies. The quality of the crop is also causing headaches for flour millers, who may have to buy more […] Read more
Favourable conditions boost Manitoba winter cereals
Reading Time: < 1 minute CNS Canada –– Favourable weather throughout spring and winter has allowed Manitoba’s winter cereals to flourish, according to the head of an industry group. “People are bragging about their fall rye,” said Jake Davidson, executive director at Winter Cereals Manitoba. “Wheat is also excellent.” A relatively warm spring with few cold snaps and a mild […] Read more
Pearce: Stripe rust in winter wheat is Ontario’s biggest threat
Reading Time: 3 minutes Normally, stripe rust in winter wheat isn’t a huge problem for growers in Eastern Canada, and particularly in Ontario — at least, not at this stage of the growing season — but the 2016 growing season isn’t shaping up to be “normal” either. For now, the immediate challenge before growers is to get out and […] Read more
Saskatchewan wheat crop enters crucial phase
Reading Time: 2 minutes CNS Canada –– Freezing temperatures are raising tensions for wheat growers in Saskatchewan as this year’s crop looks to survive a late blast of winter weather. The mercury dipped below 0 C in Saskatchewan on Thursday morning and Friday morning. Speaking Thursday afternoon, a regional crop specialist with the Saskatchewan Ministry of Agriculture, Shannon Friesen, […] Read more
Egypt rejects Canadian wheat shipment over ergot
Reading Time: 2 minutes Abu Dhabi | Reuters –– Egypt’s agricultural quarantine authority has rejected a shipment of Canadian wheat, saying it contained traces of the fungus ergot, a trade source said and official documents obtained by Reuters showed. The move by the quarantine authority is the latest in a series of rejections, which have caused serious concerns over […] Read more
U.S. wheat futures could be scraping bottom
Reading Time: < 1 minute CNS Canada — A general downtrend in U.S. wheat futures remains in place, with all three markets hitting fresh contract lows over the past week. However, there may not be much more room to the downside, according to an analyst. “The (U.S. Department of Agriculture) reports on Tuesday (Feb. 9) were not beneficial for the […] Read more
Firm loonie cuts into Prairie spring wheat bids
Reading Time: 2 minutes CNS Canada — Cash spring wheat bids across Western Canada moved lower during the week ended Friday, as continued strength in the Canadian dollar more than countered any support from advances in U.S. futures. Average Canada Western Red Spring (CWRS) wheat prices were down by $3 to $5 per tonne over the week, according to […] Read more
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