Reading Time: 2 minutes CNS Canada — U.S. wheat futures have run into some resistance after posting solid gains recently, and could see some more consolidation in the short term. However, there are still a number of supportive factors at play in the wheat market, according to an analyst. “The rally has really slowed down, and we’ve reversed from […] Read more
U.S. wheat futures consolidate, but more strength possible
Prairie spring wheat bids rise with U.S. futures
Reading Time: 2 minutes CNS Canada –– Average cash bids for Canada Western Red Spring (CWRS) wheat moved higher during the week ended Friday, as strengthening U.S. futures provided support. In Manitoba, the average CWRS price rose to $234 per tonne, from $223 the previous week. Similar gains were noted across the rest of the Prairies, with average prices […] Read more
Australian farmers hold back wheat sales as dryness curbs yields
Reading Time: 2 minutes Reuters — Australian farmers are holding back wheat crop sales as dryness in parts of the country’s eastern grain belt cuts yields, raising the likelihood for a boost to global prices that have dropped 13 per cent this year. Farmers in the world’s fourth biggest wheat exporter have sold only about a quarter of this […] Read more
U.S. Midwest cold spell may hinder wheat growth, meteorologist says
Reading Time: 2 minutes Chicago | Reuters — A cold spell arriving in the U.S. Midwest this week will probably stall the emergence and growth of late-seeded soft red winter wheat, a meteorologist said Tuesday. Temperatures are expected to fall to 15 to 20 F (-9 to -7 C) this week in Missouri and Illinois, the two states where […] Read more
Prairie spring wheat bids soften
Reading Time: 2 minutes CNS Canada — Average cash bids for Canada Western Red Spring (CWRS) wheat moved lower during the week ended Friday, as basis levels held reasonably steady and prices drifted down with the U.S. futures. In Manitoba, the average CWRS price declined to $223 per tonne, from $234 the previous week. Similar declines were noted across […] Read more
Winter wheat isn’t spring wheat
Ever wonder why buyers get so upset at the idea of mixing winter wheat with a shipment of spring?
Reading Time: 2 minutes Commercial bakeries need dependable flour to achieve consistent end-product quality, which means that traits such as extensibility, protein content, and water absorption must remain the same with each flour shipment. Millers around the world choose Canadian wheat because of its reputation for consistency among shipments, year after year. Canada Western Red Spring (CWRS) is regarded […] Read more
Prairies’ winter wheat looks good heading into dormancy
Reading Time: 2 minutes CNS Canada — There weren’t a lot of acres planted to winter wheat in Western Canada this fall due to the late harvest of many other crops — but what was seeded looks good as it heads into dormancy. “The fields that are there look good, just we have no clue how much there is,” […] Read more
Russia’s winter grains still at risk despite warm weather – analyst
Reading Time: 2 minutes * Warm November to help Russia’s winter grains – SovEcon * Says some farmers hold crops due to the falling rouble * SovEcon sees Nov. grain exports at 3.0-3.2 mln T Paris/Moscow / Reuters – Warm weather last week did not eliminate risks for Russia’s fragile winter grain plantings, said a Moscow-based agriculture consultancy SovEcon, warning […] Read more
Put buyers bet CBOT wheat’s strength won’t last
Reading Time: 3 minutes Reuters — Chicago wheat prices may have rallied more than 10 per cent since October 1, but judging by a jump in bearish put option positions tied to the March delivery slot, they are likely to turn lower going into the New Year. More than 3,600 put options were bought at the $4.80, $4.90 and […] Read more
No frost but excess rain for Argentina wheat
Reading Time: < 1 minute Buenos Aires / Reuters — Argentina’s wheat plants were not hit by frost over the weekend as feared but strong rainfall since Saturday has generated excess humidity that could cause an outbreak of disease in the crop, a meteorologist said on Monday. Weather experts last week warned of the possibility of severe spring frosts in […] Read more
A message from April Stewart, Country Guide's Associate Editor
