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
U.S. Midwest cold spell may hinder wheat growth, meteorologist says
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
CWRS bids up as basis strengthens
Reading Time: 4 minutes Commodity News Service Canada — Average cash bids for Canadian Western Red Spring (CWRS) wheat were stronger during the week, underpinned by improving basis levels in Western Canada and stronger Minneapolis wheat futures prices. CWRS prices were about $3.00 higher in central Alberta, up to $6.75 stronger in the Peace region compared to a week […] Read more
Few changes expected in Canadian crop area
Reading Time: < 1 minute Commodity News Service Canada — It doesn’t appear there will be any dramatic changes to acreage for most crops next year, says a market analyst for CWB. Bruce Burnett gave some broad estimates for plantings in 2015 at the opening session of the Cereals North America conference in Winnipeg. “My thought is we’re going to […] Read more
Prairie CWRS bids mostly higher despite losses in U.S. futures
Reading Time: 3 minutes CNS Canada — Average cash bids for Canada Western Red Spring (CWRS) wheat were mostly higher during the week, despite weakness in Minneapolis spring wheat futures as basis levels improved in most regions. Prices in the Peace region of Alberta declined, however, as basis levels widened out. CWRS prices were between $1.50 lower in the […] Read more
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